Saudi Arabia and other OPEC = OPEC Plus, which includes oil-producing countries such as Russia in the Organization of Petroleum Exporting Countries, decided to maintain the scale of the current coordinated production cut, and crude oil futures prices rose on the Tokyo market on the 5th. doing.
The futures price of crude oil from the Middle East traded in the Tokyo market, "May next year", which is the center of trading, temporarily reached the 67,200 yen level per kiloliter, 500 yen lower than last weekend. It has gone up in price.
Due to the rapid interest rate hikes in Europe and the United States and the impact of China's zero-coronavirus policy, the world economy is expected to slow down and the demand for crude oil is expected to stagnate. I received it and the price has gone up a bit.
On the other hand, in the New York crude oil market, the futures price of WTI, which is an international benchmark, has risen to the $81 per barrel level.
Market officials said, "The G7 = seven major countries will implement sanctions that set a ceiling price on international trade in Russian crude oil from the 5th, but the impact of the sanctions on the market and the future of Russia. There is also a strong atmosphere of wanting to see the reaction, and the range of price increases is limited."
Chief Cabinet Secretary Matsuno "Appeal to oil-producing countries to stabilize the crude oil market"
At a press conference, Chief Cabinet Secretary Matsuno said, ``Given the production trends of Russian crude oil, the supply and demand situation is becoming tighter and more uncertain, which could lead to crude oil prices remaining high. We will closely monitor the impact on the Japanese economy, and we will encourage oil-producing countries to stabilize the global crude oil market through increased production and investment in surplus production capacity."