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The world's largest oil exporting countries to enter the other traditional markets
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- Time of issue:2020-03-31 14:57
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The world's largest oil exporting countries to enter the other traditional markets
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-03-31 14:57
- Views:
Information
When Russian President Vladimir Putin led Russia to become an important presence in the Middle East, Saudi Arabia began to Russia's traditional market offensive. Saudi Arabia began to export oil to Poland at a low price.
In a recent investment forum, the largest oil company in Russia, the Russian oil company (Rosneft) CEO Sechin Igor for Saudi Arabia to enter the Poland market has been complaining. Sechin Igor said, "the Saudi market in Poland is actively dumping oil". Other Russia Company's senior officials have expressed similar concerns. "This is not a re shuffling of the western oil market," said Tatneft Rubchenkov, a senior Nikolai company. Should the government take some measures to guarantee the interests of the Russia Company in the West?"
European traders and producers have confirmed that Saudi Arabia is providing them with a very low discount, and the price is more attractive than the Russian offer. While the oil companies in Eastern European countries rely heavily on Russian oil, Russian oil companies have expressed concern.
In 1970s, half of Saudi Arabia's crude oil supply to Europe, but after the Soviet Union in Siberia area to Europe's oil pipeline built, Saudi Arabia will focus on the Asian market. Then the Asian region's demand rose, Saudi Arabia can get a better price in the Asian market. Saudi Arabia's market share continued to decline. In 2009, Saudi Arabia accounted for only 5.9% of the European market. 2011, Russia's share of the European market reached its peak, to 34.8%. In recent years, Saudi Arabia is slowly improving their European market share, reaching 8.6% in 2013. But before Saudi Arabia never won the Poland market.
Like many central and Eastern European countries, Poland has long been a Russian oil company's customers. Last year, Poland Sanyuan about four of oil imports from Russia, the other from Kazakhstan and other European countries. However, Poland has been the European countries to reduce efforts to reduce the dependence on Russia's energy core countries. Since the annexation of Crimea last year, Poland has begun to increase its military spending. In addition, Poland also actively strengthen ties with other small neighbors. On Thursday, Poland and Latvia, Lithuania and Estonia announced that they would build a natural gas pipeline through the Baltic Sea to ensure that they will reduce future dependence on Russian gas supplies.
In this context, a new and reliable supplier of the drop from the clouds. For Saudi Arabia, the need to expand the Asian market in the case of the need to expand the market outside asia.
Moscow Kremlin and Russia's oil companies have long been aware that Europe is trying to diversify its energy supply. Russia is also looking for new markets. By 2000, almost all Russian oil exports went to Europe. But last year, the proportion dropped to less than 2/3.
Russian oil export destination country share
In the Asian market, Russia has become a real challenger to Saudi arabia. May, Russia's crude oil exports to China even temporarily beyond the Saudi arabia. Now the Saudi Arabia is involved in a price war to compete for market share, not only with the United States shale oil producers, but also all non OPEC oil producing countries. Non OPEC oil producing countries are entering the traditional market in russia.
This could trigger a more intense battle between the world's two largest oil exporting countries, and the two countries have had a dispute over Syria's conflict. At present, OPEC and the International Energy Agency forecast crude oil demand will be a modest growth in the next year. But if China's economic performance continues to lower than expected, then the market may become very limited for Saudi Arabia and russia. Both countries rely heavily on oil exports, and to ensure that their market share is related to their own life and death.
The competition for the current crude oil major policy of Putin is a dangerous undertow. Putin wants to share some of its profits in Syria's new oil pipeline as its ally Iran is back in the market. In addition, Putin hopes to prevent Saudi Arabia in Syria to establish crude oil export routes. Now, Russia's position in the European energy market is under threat, Putin decided to resolve the problem of conflict in Syria's decision to resolve the issue is rising.
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