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International oil prices

International oil prices:

11/21 closing: The market is waiting for the meeting of US crude oil inventory data and OPEC+, international crude oil futures are stabilizing with mixed gains and losses, and WTT 77.77 is down 0.09 (changing months); Brent 82.45 up 0.13

1.    The United Nations Environment Programme released the 2023 Emissions Gap Report: On November 20th local time, the report broke records and set a new high in temperatures, but the world failed to meet its emission reduction targets. According to the report, by 2030, global carbon emissions must decrease by 28% to 42% in order to meet the Paris Agreement's goal of controlling global heating temperatures between 2 and 1.5 degrees Celsius.

2.    OPEC's major member state, the United Arab Emirates, is set to increase crude oil production in 2024. According to market reports, the UAE will raise its crude oil production target to 3.075 million barrels per day in January, an increase of approximately 135000 barrels per day from the previous month. The United Arab Emirates obtained this permission at the OPEC meeting in June, when the country stated that its long-term production restriction policy failed to take into account its increased production capacity in recent years.

3. The UK government has launched a £ 1.5 billion household energy plan: The UK government has recently launched a program called "Help with Heating" aimed at significantly reducing energy costs for approximately 130000 low-income households across England. The plan will receive support from the Social Housing decarbonization fund (SHDF) and housing upgrading and renovation subsidies of up to £ 1.5 billion, allowing public housing providers and municipal authorities to apply for funding to upgrade 130000 housing units in low-income and public housing areas.