Entered since 2016, the international crude oil price movements is "ups and downs", a "bungee jumping" streak, alternately rose and fell, the ups and downs of oil prices keep investors engaged in the heart. So, throughout the crude oil market, what is dominated the trend of oil prices in the near future?
According to foreign media reports, the Brazilian oil company recently reached an agreement with China, the Chinese government loan of $100 billion. Announcement: in 2015, China's prime minister, li keqiang, during a visit to Brazil, the Brazilian oil and CDB two institutions reached agreement in 2015 and 2016 financial arrangements. The agreement signed is the last year, the future developments of the agreement. "
The report quoted petrobras's announcement
In 2015, China's prime minister, li keqiang, during a visit to Brazil, the Brazilian oil and CDB two institutions reached agreement in 2015 and 2016 financial arrangements. The agreement signed is the last year, the future developments of the agreement.
It is reported, petrobras currently total debt of about $130 billion, is one of the debt burden of the world's biggest oil producer. The company debts of more than $20 billion over the next two years. Brazilian media commented that the CDB's billion-dollar loans could help Brazil debt service pressure of oil this year.
Petrobras said the CDB loan conditions are similar to the 2009 agreement. In 2009, the two agencies have signed the same amount of a loan agreement. Brazil oil get loans in the first year of 150000 barrels of crude oil exports to China Daily, then nine years exported 200000 barrels a day.
On Wednesday (March 2), citigroup (Citi) said on Tuesday (March 1) China's central bank cut financial institutions renminbi deposit reserve rate 0.5%, lowering the deposit reserve rate from 17% to 16.5%.
The bank believes that China's central bank is expected to implement more monetary easing. The recent easing as the persistence of the downside risks to China's economic growth signals, the Chinese authorities will need to support the implementation of monetary and fiscal easing.
The bank predicts that this year the people's bank of China will send five times, each time 50 basis points cut; Will cut interest rates twice, to cut interest rates by 25 basis points each time. And maintain a comfortable position, for example, the people's bank of China may further down 200 points, the next interest rate cuts may be in the second quarter of this year.
Citigroup believes there is constant pressure of net capital outflows, may make the central bank's monetary policy independence, under the background in the absence of a more flexible rate, with the passage of time, the yuan against the dollar is expected to eventually more flexible.