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Text Chapter 637 Conspiracy

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    Liu Yi found Tian Dongliang a Chinese computer. There was no place to put it, so he installed it beside the railing of the corridor on the second floor and let him type.

    The employees in the Pan Asia Fund office were already very busy. After a few minutes, they seemed to have forgotten about Tian Dongliang and regarded him as an ordinary decoration in the corridor.

    And in just a few minutes, the violent fluctuations in oil prices have made countless people feel uneasy.

    There are some who believe that oil prices will plummet due to this, and there are also those who believe that $15 is a serious deviation from the value of crude oil, and most traders are ready to choose a side.

    It is definitely abnormal for the oil price to drop from 18 US dollars to 15 US dollars in an instant. Such an opportunity will not come across once in a year or two. Those who are qualified to participate in crude oil futures trading will definitely not run away at this time.

    Either bet long or bet short, whether it is an independent businessman or a financial institution in the exchange, they will make a choice. Even if they invest a small amount of money, they may still get huge profits through this bet, except for some who specialize in arbitrage.  Except for hedging institutions, most people are ready to take action.

    Listening to people¡¯s shouts of ¡°hoo-hoo-hoo¡±, Tian Dongliang was like a tractor full of power. In a short period of time, he typed thousands of words.

    The scene in front of you is intoxicating for anyone in the financial industry.

    ?Perhaps, even people who are not in the financial industry will be fascinated by those flowing golden rivers.

    Except for the crude oil futures exchange, except for this special time, it is rare to see such a fast-flowing Jinhe River.

    Tian Dongliang only felt what he breathed through his nose and heard in his ears.  What he saw in his eyes was rimmed with thick black and shining with bright yellow.

    "$15.12." In the office behind him.  One person spoke Mandarin and shouted very loudly.

    "Xiao Liu, you go and inform Director Su, and the others will continue." Qi Xiao also came out of the room.

    Tian Dongliang stroked the keyboard, saved the document, and looked up at the large electronic screen. It turned out that the October crude oil contract had dropped to $15.12 first.  And there is a downward trend.

    "It fell so fast, so strange." Tian Dongliang muttered, and then he saw Su Cheng stomping up the stairs.

    "Dr. Su." Tian Dongliang stood up immediately to say hello.  He had so many questions to ask.

    Su Cheng glanced at the computer curiously, nodded and said, "Just in time, it's time to counterattack, you can come in and listen."

    "Counterattack?" Tian Dongliang was stunned.

    "The stalemate at 16 dollars has been so long. Of course it's a counterattack." Su Cheng patted Tian Dongliang on the shoulder.  Let him enter the office in front.

    Tian Dongliang didn¡¯t know whether to laugh or cry. He had seen too many people in the financial industry, many of whom were confident, but those with Su Cheng¡¯s model were still extremely rare.

    ?Perhaps, it¡¯s because he is not a member of the financial industry.

    Tian Dongliang saw Qi Xiao's wary eyes and Su Cheng's indifferent expression, and suddenly had an understanding.

    From beginning to end.  Sioux City does not seem to have adopted any sophisticated financial methods.

    At most, that is to say, a large amount and a larger amount of funds are reserved.  Plus a little more courage than ordinary people.

    Being able to win the current situation, Su Cheng relies on his understanding of the oil market itself, as well as his understanding of the oil market.

    As a banker, Tian Dongliang cannot say that he likes Su Cheng's financial manipulation methods, but he has to admit that after this battle, Dahua Industrial is qualified to choose his own financial methods.

    Perhaps, for Su Cheng, a stalemate means failure.

    Tian Dongliang couldn't help but think.

    Opposite him, Qi Xiao quickly explained the situation, and at the same time said vigilantly: "15 US dollars should be a high-voltage line. If it goes lower, it is estimated that there will be many oil spot dealers to support it. If the refinery uses 15 US dollars,  If crude oil is delivered at a certain price, there will be considerable profits, and if this continues, fuel futures prices will also be affected."

    Tian Dongliang turned to look at Sioux City. The current fuel futures price is still based on 18 US dollars. In other words, fuel dealers are the resistance to the decline of fuel. Collecting oil at this price puts no pressure on fuel dealers at all.

    Unless crude oil prices can come down for a long time.

    "Dr. Su" Qi Xiao shouted again. He had long wanted to retreat. This round, Pan Asia Fund made too much profit, but it can only celebrate if it is safe.

    Su Cheng touched his chin and asked with a smile: "Manager Tian, ??if I let you make a decision, which side would you choose?"

    Tian Dongliang was stunned for a moment, and then said without hesitation: "I choose the long side. Crude oil cannot keep falling. The price of 15 US dollars is too much."??¡±

    ¡°It¡¯s indeed a bit excessive.¡± Su Cheng nodded in agreement.

    "Then shall we withdraw?"  Qi Xiao looked happy.

    "We continue to short." Su Cheng's answer was the opposite, saying: "Why can't the price of crude oil drop?"

    Qi Xiao didn't understand what Su Cheng meant. Seeing that he was serious, he frowned and said, "The price of crude oil is closely related to the operation of the world economy. How can we possibly do it by suppressing the price of crude oil all at once?  Americans can¡¯t do it either.¡±

    "It's impossible to suppress it for a long time. It will be fine in a few days. Super oil fields like Aqijiu are not seen every day." Su Cheng is full of confidence.

    Qi Xiao's brows were about to turn into fried eggs, and he said softly: "The bad news about the Aqijiu Oil Field has been almost consumed, which can be seen from the confrontation at around $16. Now, the market is digesting the news from OPEC. I  We believe that even if oil prices fall to $15, they will rebound quickly, but the news of not cutting production cannot cause fundamental changes in supply."

    ¡°What if there is a fundamental change in supply?¡± Su Cheng asked back.

    "how come?"

    "OPEC will not take the initiative to reduce production in the short term. Azerbaijan's oil fields are new oil fields, and Kazakhstan also has new oil fields. In addition, the expected production capacity of the Aqijiu Oil Field is extremely high. OPEC's current production capacity remains unchanged, which means that the supply of crude oil  Increase."

    Qi Xiao's brows did not spread, and he lowered his voice and said: "Dr. Su. The supply of hundreds of thousands of barrels of crude oil per day has increased, and the market can easily consume it."

    "how long?"

    "What?"

    "With hundreds of thousands of barrels of crude oil supply, how many days will it take for the market to balance?"

    "Abouthow many days?"

    "It will take at least three or four days." Sioux City has its own refinery and chemical plant.  If Dahua's Haicang base has sufficient crude oil supply and works overtime, it can increase production by 20% in just a few days.  In other words, in areas where market competition is not particularly strong, it only takes a few days for refineries, chemical plants and thermal power plants with excess capacity to balance out the new supply of crude oil once they make the decision to increase production.

    but.  For industrial production, it only takes a few days, but for financial companies, the experience is completely different.

    it's here.  Living like a year is not an adjective, but a real word.

    Qi Xiao said cautiously: "But we can't go short to achieve market balance. If we don't leave now, I'm afraid we will be blocked by others."

    "What if there is new supply in the market by then?"

    "New supply" Qi Xiao didn't dare to ask.  This information already gave him a strong sense of conspiracy.

    The crude oil market is a very elastic market. Generally speaking, a 3% fluctuation in production capacity will cause fundamental changes in supply. This is completely different from other commodities.

    On the one hand, it is because of the difficulty in storing crude oil. 3% production capacity means 2 million barrels of crude oil per day, which is almost equivalent to the entire storage capacity of a local branch of PetroChina.  Under normal operation, even a country.  It cannot store crude oil for several days.  Even a country like the United States, a big spender, dare not use crude oil reserves to solve the energy crisis.

    On the other hand, the supply and demand in the global crude oil market is actually relatively rigid. This is very similar to electricity. How much crude oil you produce must be sold, no more or less. The sudden reduction in crude oil supply will naturally make crude oil consumption factories  It¡¯s a huge headache, but the sudden increase in crude oil supply is also difficult for crude oil consuming factories to solve.

    Therefore, crude oil exchanges always respond to future crude oil supply and demand conditions.

    Generally speaking, a few dozen cents is a big wave.

    Qi Xiao shudders as long as he imagines the difficulty of creating and hiding the negative elements predicted in Su City one after another.

    The water inside is too deep.

    However, from Sioux City¡¯s perspective, it is difficult for him to play with the crude oil futures exchange, but it is not so difficult to increase the supply of crude oil.

    Especially since the composition of the Pan-Asia Fund includes seven large crude oil producers, it could not be easier to increase the production of hundreds of thousands of barrels of crude oil around the world.

    The 1990s was originally an era of crude oil surplus. The consumption of crude oil in developed countries was stable and continued. Emerging economies such as the Four Asian Tigers and the BRIC countries had not yet risen. Not to mention the large mouths of crude oil waiting to be fed, crude oil exploration and mining technology  There has been considerable progress.

    "Compared to the 21st century, the crude oil supply market in 1995 not only lacked the Caspian Sea oil circle"??Oil-producing countries such as Iraq and Kuwait that have just experienced war have not reached their peak production capacity. As long as crude oil producers are willing and make plans, it is natural to increase production.

    If the companies that make up the Pan-Asia Fund only use existing oil fields for insider trading, the risk of being sued by various governments is extremely high, and the money earned is probably not enough to pay the fine.  However, with the foreshadowing of the Aqijiu Oilfield and the emergence of OPEC, if we increase our own crude oil production, it will not only be more effective, but also look more innocent. In a practical sense, accusations are still inevitable. The work of the legal team  But it¡¯s much easier, and you can naturally save some money on attorney fees and fines.

    "What if there is a sovereign fund from an oil-producing country that comes to support the market?" Qi Xiao did not ask for details, but changed his angle and tried to persuade Su City to adopt a safer approach.

    Su Cheng smiled: "OPEC is holding a summit. Which oil-producing country is so bold as to let its sovereign funds come out to interfere with oil prices."

    Qi Xiao was speechless for a while. If they let the oil price return to normal, even if it interferes with the oil price, what do we think?  However, thinking this way, he knew in his heart that this was really interfering with oil prices. After all, the normal oil price cannot be viewed from a historical perspective.

    "Make a list of the new financial institutions that have entered the market and show them to me according to time." Su Cheng saw that Qi Xiao was fine, and then gave the order.

    After Qi Xiao left, Su Cheng turned to ask Tian Dongliang, "How was it? What was gained?"

    "It's too complicated." Tian Dongliang sighed heavily.

    "It's a bit complicated, so please make your report concise and concise so that people without financial foundation can understand it."

    Tian Dongliang said vigilantly: "I want to complete this report independently."

    "Of course, how you write it is your business, I've said it a long time ago." Su Cheng said for a while, looked at his watch, and smiled: "Actually, even if I want to interfere, I can't.  "

    "Um?"

    "I booked a flight for you in the early morning, flying directly to the capital. I hope you can complete this report on the plane. Don't worry, I asked them to choose the first class cabin of the large plane to facilitate writing. It should take a whole night.  That¡¯s enough.¡±

    "You want me to come up with the report tomorrow?"

    "Of course. News travels faster than people. By tomorrow, many leaders will be interested in your report. If you want your name to be remembered by the leaders of the State Council, tomorrow is the best time."

    Tian Dongliang swallowed the words that came to his lips.

    He knew that Su Cheng¡¯s purpose was to use his pen to pass information to the top officials in the country, but in this matter, he also gained a lot of benefits.  Although it was so insignificant compared to what Su Cheng got, Tian Dongliang didn't want to give up this good opportunity to become famous.

    "This guy has tricked me into it." Tian Dongliang lowered his head, his mood swings comparable to the gas price on the electronic screen.

    ¡­(To be continued¡­)
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