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International oil prices:

International oil prices:

11/17 closing: Market rumors suggest that OPEC and its allies may further reduce production, leading to a significant increase in international crude oil futures, with WTI 75.89 up 2.99;  Brent 80.61 was up 3.19

1. OPEC will consider increasing oil production cuts at its next meeting on November 26th: According to Caixin, citing foreign media sources, three OPEC sources have stated that OPEC+will consider further reducing oil supply at its meeting later this month. Previously, oil prices had fallen by nearly 20% since the end of September.

2.The price of flagship crude oil shipped from Saudi Arabia to Asia in December will remain unchanged at the November price level. Reuters cited a statement from Saudi Aramco stating that in December, the price of flagship Arab light crude oil exported to Asia will be set at $4 per barrel higher than the average price of Oman/Dubai crude oil.The suspension of price increases for Arab light crude oil in the Asian market is the first time in six months, after Saudi Arabia raised its flagship crude oil prices in the Asian market for five consecutive months

3.LNG imports in Europe are expected to surge by 30% in November: Recently, the London Stock Exchange estimated that due to an expected increase in natural gas demand at the beginning of the heating season, liquefied natural gas (LNG) imports in northwestern Europe will soar by 30% compared to October, but will be lower than last November. Wayne Bryan, head of European natural gas at the London Stock Exchange, said that "heating demand is starting to show, and the weather forecast predicts that the weather in Europe will become colder.".