Soaring oil prices, analysts believe that the energy transition cannot be solved in the short term | soaring oil prices | energy demand | China’s power outages | international energy prices | carbon emissions |

[Voice of Hope October 4, 2021](Comprehensive report by our reporter Liu Fangli)In the fall of this year, the threat of rising energy demand swept across the world, triggering electricity in China.A serious crisis of power interruption.So far, the phenomenon of rapid rise in international energy prices has not beenTo resolve. As early as the beginning of this summer, some analysts had anticipated this situation and pointed out thatNo matter how the industry amplifies its concerns about carbon emissions, the global energy transition will still take time.Make the energy industry more investment value today.

On October 4, the crude oil price of West Texas in the United States rose 3.3% in intraday trading, jumping to the highest level since 2014. Brent crude oil exceeded the price ceiling of US$80 per barrel. This is because although the natural gas crisis boosted demand for crude oil, OPEC+ decided in the latest meeting to maintain a slow increase in supply.Making this decisionAt the moment, Saudi Aramco, the world’s largest oil company, stated that the global shortage of natural gas has caused crude oil demand.Ask for an increase of 500,000 barrels per day.

Sanford Bernstein oil analysts had expected in a report released a few months ago that BrenThe price of special crude oil will exceed US$75/barrel, and his expectation has been realized in September.Analysts pointed out that given the current oilThe progress of oil prices and fuel conversion, coal and natural gas shortages have had a positive impact on oil prices.If energy price increases are caused by insufficient investment and mining, rather than supply chain problems caused by the epidemicIf the problem is caused, it may take a long time to solve. So he thought,Increasing energy holdings is a good choice. This analysis was confirmed to be correct in September.

At present, the crude oil production of the six OPEC+ countries is still below the quota, and the strong winter demand is still inPushing up the energy market that is in short supply, many exporting countries have announced thatThey will limit the export of coal and natural gas, which further triggers positive attitudes towards the government.Expectations of hoarding fossil energy products.

Editor in charge: Zhang Xin

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