On January 3, suleymani, a senior Iranian general, was killed by us air strikes outside Baghdad International Airport. Iran’s top leader, Ayatollah Khamenei, later issued a statement saying that Iran would take “tough revenge” on the incident.

According to Iranian media reported on the 8th, in the early morning of the 8th local time and the early morning of Beijing time, the “US Assad air base” in Anbar province in western Iraq was attacked by rockets. Iran’s Islamic Revolutionary Guard has launched “dozens of missiles” at the Assad Air Force Base in Iraq, where the U.S. military is stationed.

Affected by this, most of the domestic commodity futures market open red, energy, chemicals soared. Glycol touched the limit plate, fuel oil rose by more than 7%, asphalt rose by more than 5%, and crude oil rose by 3%.

The sharp rise of glycol not only benefits from the peripheral factors, but also has an inseparable impact on its own fundamentals.

The port arrival volume is lower than the expected price by a small increase

The main reason is that the early market thinks that the probability of ethylene glycol accumulating in the later period is relatively large, but due to the influence of weather and other factors, the port is closed, the shipping date is delayed, the arrival of the wharf is still relatively small as a whole, the market inventory is less than expected, which supports the spot market price and causes a small increase in the recent price. According to market news, as of the 8th, due to the strong wind at the wharf, the north channel of the Yangtze River route is closed, the south channel is limited, and Ningbo and Shanghai terminals are closed.

According to statistics, as of January 6, MEG port inventory in East China’s main port area was about 365000 tons, down 52000 tons from last Thursday, down 12.47%. Among them, Zhangjiagang has 172000 tons, down 8.5% from last Thursday, Taicang has 48000 tons, down 29.41% from last Thursday, Ningbo has 70000 tons, down 17.64% from last Thursday, etc. Compared with the inventory of MEG port in the main port area of East China on January 3, 2019, 785000 tons, a year-on-year decline of 53.5%, nearly half of the inventory has been digested.

Limited market impact of new devices

Recently, new devices such as Rongxin, Zhejiang Petrochemical and Hengli have been successively put into operation, which is basically in the stage of device commissioning, which is difficult to reflect the actual market supply. In terms of specific performance, the commissioning of Hengli petrochemical ethylene glycol has been successfully completed. At present, the unit is shut down waiting for the start-up process of supporting ethylene link; the load of Rongxin MEG unit has been increased to about 50% since the superior products were produced last week; Zhejiang Petrochemical Ethylene has already produced products, and the ethylene glycol commissioning is planned for the first ten days of January. Up to now, the total operating rate of glycol has reached 66.35%, non coal load 63.42% and coal to coal 70.17%. Basically, there is no big change with last week, which is good support for the market, and also the main reason for the high price.

Import volume is the focus of the market in the near future

China is the world’s largest ethylene glycol importer, with an average annual import volume of over 7.5 million tons in the past five years. However, with the rapid development of domestic coal chemical industry, the increase of glycol supply in the market has led to the decline of glycol import in China. According to statistics, from January to October 2019, China imported 8.23 million tons of glycol, down from 8.3 million tons in the same period of 2018. In the first half of 2019, domestic import dependence is still 55.49%.

The import volume of glycol from the Middle East of China has reached 60%, of which Saudi Arabia ranks first. According to the data from January to July 2019, 45% of domestic glycol comes from Saudi Arabia. If the current situation of the United States and Iran is in a negative direction, or has a certain impact on China’s imports from the Middle East, the price will directly respond to the short-term situation. Therefore, we should focus on the continuation of the international situation.

Limited market rebound due to cost drag and poor downstream demand

According to statistics, the current gross profit of coal to glycol market is about – 150 yuan / ton; that of methanol to glycol market is about – 900 yuan / ton; that of ethylene to glycol market is – 50 dollars / ton; that of naphtha to glycol market is – 35 dollars / ton. The cost is still in the state of loss, although slightly better than the previous period, the market mentality may be improved. But there is no substantial improvement in the market. As the Spring Festival approaches, many sets of devices in polyester plant have been planned to join the maintenance team in succession, and the polyester operation rate is also expected to decline, which may weaken the support to the market, but will be more obvious after January 10.

The market lacks significant positive support to guide the strong rise of prices, and the probability of short-term high volatility is relatively large.

On the whole, in the later stage, we will continue to pay attention to the impact of port arrival inventory and the situation of the United States and Iran on the export volume of the Middle East and other places.

Foreign media said that on the night of January 8 local time, crude oil prices soared, while U.S. stock index futures fell, after Iran launched several missiles to an air base with U.S. forces in Iraq, raising concerns about the expansion of the Middle East conflict.

Iran’s state television said it was a retaliatory act against the death of Islamic Revolutionary Guard general Sulaimani, the Wall Street Journal reported on its website on January 8. Sulaimani was killed in a recent US air strike.

West Texas Intermediate base crude oil (WTI) for February delivery rose more than 3% on the news of Iran’s attacks, the report said.

Some analysts believe that if tensions in the Middle East intensify, international oil prices may rise for some time. At a time when the outside world is worried about the tension in the Middle East, Iranian foreign minister Zarif said that Iran has taken a proportional self-defense action in accordance with the UN Charter and has ended, and does not seek escalation or war.

According to public opinion, despite the statement made by Iran’s foreign minister, the situation in the Middle East is still uncertain. Against this background, will crude oil prices continue to rise?

Oil price rise or temporary

According to the Japanese economic news website on January 8, as early as the beginning of the year, the international market of crude oil and gold rose together. US crude oil futures rose to a high since April 2019, while gold futures in the New York market hit a new high since April 2013, six years and nine months apart. In addition to tensions in the Middle East, the appreciation of the yen against the US dollar in the foreign exchange market is also driving up crude oil and gold prices denominated in US dollars.

According to the report, the crude oil market in this round has risen since the end of 2019. US crude oil futures (recent contracts) broke the $60 mark on December 13 last year. It is self-evident that it is the tense situation in the Middle East that has not eased the hidden economic worries that pushed up the market at the beginning of the year. With the US killing the commander of the Iranian Revolutionary Guard as a turning point, the intimidating game between the US and Iran is intensifying. Speculation is being driven by the market’s view that the incident is likely to affect oil supply in the Middle East.

It is difficult to understand that the crude oil market is slow to respond to the attacks on oil tankers near the Strait of Hormuz in 2019 and the explosion of Saudi oil facilities, but this time it is quick to respond. “Considering the attacks on Saudi Arabia in 2019 and other factors, the market is aware of the unpredictable risks in the Middle East in the future,” said Inoue Chun, chief economist of Mizuho Institute of comprehensive research in Japan

However, the global economic downturn has not changed the situation of crude oil prices rising, according to the report. Even if the situation in the Middle East is tense and the oil price rises temporarily, these will have a negative impact on the economy and the demand for oil will decrease.

Analysts pick more safe haven assets

Public opinion has observed that although Iran’s foreign minister has said that the self-defense action is over, the outside world is still worried about the development of the situation in the Middle East, and analysts have begun to select more risk averse assets. It is expected that the increase of geopolitical uncertainty will push up the share price of U.S. defense enterprises and become one of the risk aversion targets.

Gold has always been seen as a safe haven asset, with spot prices rising more than 3% this year to the highest level since April 2013, according to Taiwan’s Economic Daily website on January 7. Goldman Sachs and Huaqi both forecast gold prices to rise.

According to the report, Credit Suisse analyst tereca believes that as the gold price continues to rise, large gold mining enterprises will give priority to free cash flow and shareholder compensation, with agnico Eagle mining and Newmont mining company of the United States as their first choice. Analysts at Cormark securities suggest considering gold companies with free cash flow potential, such as sentra gold, Coeur mining, Teranga gold and Yamana gold.

Energy analysts are not encouraging investors to rush into small and medium-sized oil stocks, as it is still necessary to confirm whether tensions between the US and Iran are rising further.

1、 Price trend:

According to the data of the bulk list of business agencies, the ABS market in December was relatively strong, and the spot price in the domestic market recovered. As of December 31, the main offer price of general-purpose ABS was about 13000.00 yuan / ton, up 3.45% from the beginning of the month.

2、 Analysis of influencing factors:

Industry chain: ABS upstream, styrene prices fell in a narrow range this month. At the end of December, there were ships from the Middle East arriving at the port, and the stocks of styrene port in East China were on the high side. However, the port delivery decline rate is less than expected, which brings supply to styrene supply in the site. It is expected that the arrival of styrene in January will still be large before the middle of the month, and the port inventory is expected to continue to rise. With the approaching of the Spring Festival, the enthusiasm for receiving goods in the lower reaches of styrene may increase slightly, and the port delivery speed is expected to decline. Pure benzene is supported by the external market, and the possibility of a sharp drop in price in the short term is small. Although styrene is supported to a certain extent, the high price goods in the market are not well received. Generally speaking, the price of styrene is weak in the near future;

This month, the market of acrylonitrile related products in the spot market is relatively weak. At the beginning of the month, it was reported that the 210000t / a acrylonitrile unit of Anqing Petrochemical Company, which was originally scheduled to restart in mid December, was delayed to restart at the end of the month. There was a phased gap in the supply of raw materials for its contract customers, so it had to use the spot market as a supplement. There was periodic speculation in the market, and traders’ offer rose for a while. However, due to the supply of imported goods coming to Hong Kong, the supply side tended to be balanced, traders’ trading mostly gave way to low profits, and the offer returned to prudence;

In December, the butadiene market was weak and declined. At the beginning of the month, affected by the news of TPC device accident in the United States, the Northeast manufacturer’s suspension of export, Shenhua Ningmei and Nanjing Chengzhi device’s short-term shutdown, the market experienced short-term speculation, but the downstream follow-up was limited. With the restart of export in the first ten days of December, the market continues to decline. In the last ten days of the month, the price of northeast goods is relatively low, which just needs to be followed up in succession to boost the downstream part, and the market situation shows some signs of stabilizing. However, at the end of the month, Zhejiang Petrochemical plant was successfully commissioned, and it was reported that Dalian Hengli plant also had a commissioning plan in January, which will result in a large increase in the supply of butadiene in the medium and long term, affecting the expectation of some businesses. In the short term, the domestic butadiene market is likely to continue to decline slightly. It is suggested to pay attention to market supply and demand and internal and external market information guidance;

3、 Future forecast:

Business analysts believe that: in December, the ABS market volatility has increased, and the spot prices of various brands have rebounded. Cost side of the upstream three expect to rise and fall this month, general support for the cost side. The spot supply is a little tight until the end of the month. The inquiry of downstream factories has been improved to a certain extent, and the procurement is carried out step by step. With the enrichment of spot goods in the field, the mentality of merchants began to turn weak, and the delivery was mainly on the market. It is expected that the domestic ABS market will be dominated by the whole market in the near future. It is suggested to pay close attention to the trend of cost side.

According to statistics, the price trend of phthalic anhydride in China is stable for the time being. As of January 8, the price of phthalic anhydride by o-phthalic method is 6262.5 yuan / ton, and the recent price trend of o-phthalic anhydride market is stable. On January 7, the phthalic anhydride commodity index was 60.95, down 0.36 points from yesterday, down 49.26% from 120.13 (2012-02-28), the highest point in the cycle, and up 25.88% from 48.42, the lowest point on January 21, 2016. (Note: cycle refers to 2011-09-01 to now)

In the near future, the price trend of domestic phthalic anhydride market is temporarily stable, the price of phthalic anhydride market in East China is temporarily stable, the downstream factories maintain rigid purchase, the factory inventory pressure still exists, the high-end transaction is blocked, in the near future, the spot supply of manufacturers is normal, and the price trend of phthalic anhydride market is temporarily stable. In East China, the main flow of negotiation of neighboring method source is 6200-6400 yuan / ton, and that of naphthalene method source is 5900-6100 yuan / ton; in North China, the main quotation of phthalic anhydride market is 6100-6300 yuan / ton, most of the manufacturers in the field are mainly stable, the downstream construction is not high, the procurement is mainly on demand, the mentality of observation is strong, the operation of domestic phthalic anhydride plant is stable, the spot supply of phthalic anhydride in the field is not changed much, and benzene The price trend of anhydrides is stable temporarily.

In the near future, the execution price of domestic phthalic anhydride upstream product Sinopec is 6300 yuan / ton. Due to the high unit operating rate of some domestic phthalic anhydride manufacturers, the normal supply of goods within the site, the import phthalic acid Market in the port area remains at a low level. In the near future, the phthalic acid Market in the port is stable, the port inventory is low, and the external price of phthalic acid is temporarily stable. The actual transaction price is subject to negotiation, and the details are discussed in detail Benzene price stability influence, phthalic anhydride market price trend temporarily stable.

The price of phthalic anhydride, isooctanol, DOP raw materials, DOP enterprises’ operating rate and DOP supply are generally stable. The price of DOP fluctuated and remained stable, the downstream demand of DOP was poor, the customer’s purchasing enthusiasm was poor, the downstream PVC price fluctuated and fell, and the PVC industry was off-season. The mainstream quotation of DOP market is about 7200-7500 yuan / ton, and the rising power of DOP in the future market is general, but the upstream ox price fluctuates, the demand of plasticizer industry changes little, and the phthalic anhydride analysts of the business society expect that the market price of phthalic anhydride in the later period will be stable temporarily.

1、 Price trend

According to the data of business agency, the average price of n-butanol as of January 8 was 5833 yuan / ton (including tax), up 1.14% compared with January 4. At present, the reference average price is basically the same as that at the beginning of the month (January 1).

2、 Market analysis

Products: since December 2019, the domestic market of n-butanol has been continuously weak and falling, and the industry’s bearish attitude has been increasing. This weak situation has continued until the beginning of January 2020. On January 2, Shandong’s individual large n-butanol plants once again lowered their offer to attract downstream users to purchase. On that day, the average price of market participation in the offer fell to 5766.67 yuan / ton, and the downstream just needs replenishment, plus the beginning of the month Shandong Dachang plant is affected by heavy pollution weather, the load of the plant is reduced, the market price is good, the sales pressure is relieved, and the market recovery is supported. On June 6, the plant load of Shandong large factory is expected to increase, the low price transaction of n-butanol market is still smooth, downstream users bargain hunting, the supply of low price goods in the market can be reduced, in addition to the continuous increase of raw propylene, the international oil price rises, giving the confidence of the industry to boost, the market atmosphere improves to support the market offer firm, at present, the market offer price has a callback, Luxi Chemical n-butanol reference The quotation is about 5800 yuan / ton, up 100 yuan / ton compared with January 2; the factory quotation of Shandong lihuayi n-butanol is 5800 yuan / ton, up 100 yuan / ton compared with March 3; the factory quotation of Wanhua n-butanol is 5900 yuan / ton in North China, 6200 yuan / ton in East China, up 100 yuan / ton compared with March 3.

Industrial chain: as of January 8, the market price of propylene in Shandong continues to rise. Influenced by international crude oil, domestic propylene price rebounded from the bottom at the end of December, rising continuously. On January 5 and 6, it was generally stable, and on January 7, it began to rise again. Today, the enterprise price is still slightly increased by about 50 yuan / ton. At present, the market transaction is about 6950-7300 yuan / ton, and the mainstream price is about 6950 yuan / ton. At present, the situation in the Middle East is tense, the international crude oil price is soaring, and rain and snow weather occur in some parts of Shandong Province, which causes certain obstacles to transportation. Although some of the lower reaches are also negative and the profit margin is reduced, the overall supply is tight and the market is stable. It is expected that the market price of propylene will continue to rise in recent days.

3、 Future forecast

According to the analysis of the data division of the business agency, it is expected that the n-butanol market will fluctuate slightly and maintain stable operation in the near future before the Spring Festival.

1、 Price trend

According to the price monitoring of the business agency, the ex factory price of domestic refrigerant R22 in January 7 was 17833.33 yuan / ton, 2.88% higher than the previous day, and the R22 commodity index on January 7 was 107.00, 3 points higher than yesterday, a record high in the cycle, 28.30% higher than 83.40, the lowest point on October 14, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: R22 market rose after new year’s day. At present, the market of hydrofluoric acid and chloroform at the raw material end is relatively stable, which is good for refrigerant R22, and the demand for refrigerant at the terminal has not been improved. After the promotion of air conditioning, the inventory is OK, and the downstream just needs to purchase, but there is no large amount. At present, the supply of goods in the market is still tight. According to the data monitoring of Italian society, as of January 7, the quotation was mainly about 17000 yuan / ton – 18500 yuan / ton, and the trend of refrigerant R22 was strong.

Industry chain: the price trend of domestic hydrofluoric acid and hydrofluoric acid of upstream products is stable temporarily. In the near future, the factory in the field is in a general situation, and the spot supply in the field is normal. Due to the traditional off-season of upstream product trichloromethane, low purchase intention of downstream market and traders, and insufficient support of demand side, most trichloromethane production enterprises intend to stabilize the price, the market is in a state of game, and it is expected to stabilize in the short term. The refrigerant terminal air conditioner manufacturer starts at a low level and the demand is flat.

Industry: according to the price monitoring of the business agency, there are 13 kinds of commodities in the list of rise and fall of bulk commodity prices on January 6, 2020, among which the top three commodities are hydrogen peroxide (2.95%), phenol (2.93%) and TDI (2.03%). There are 15 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products falling are liquid ammonia (- 7.88%), acetone (- 4.08%), lithium carbonate (- 2.70%). The average price of this day was – 0.13%.

3、 Future forecast

Refrigerant analyst of business club thinks: the supply of refrigerant R22 market is still tight, and the price is high. In the short term, the trend of R22 is expected to be stable and upward.

1、 Price trend

According to the price monitoring of business agency, the average price of domestic refrigerant R134a on January 7 was 23333.33 yuan / ton, up 0.72% compared with the previous day, and the R134a commodity index on January 7 was 85.37, up 0.61 points compared with yesterday, down 14.63% compared with the highest point of 100.00 (2019-09-02), and up 2.94% compared with the lowest point of 82.93 on November 12, 2019. (Note: cycle refers to 2019-09-01 till now)

2、 Market analysis

Product: Refrigerant Market R134a after new year’s Day is rising steadily. At present, the market of hydrofluoric acid and chloroform at the raw material end is relatively stable, which is good for refrigerant R134a. In addition, the stock of R134a in the automobile industry begins to return to temperature, and the demand end is also good for refrigerant R134a. At present, the market supply is still tight and the price trend is strong. According to the price monitoring of the business agency, as of January 7, the price is concentrated at 21500 yuan / ton – 25000 yuan / ton.

Industry chain: the price trend of domestic hydrofluoric acid and hydrofluoric acid of upstream products is stable temporarily. In the near future, the factory in the field is in a general situation, and the spot supply in the field is normal. Terminal, air conditioning market purchase and sales two weak, on-site inventory is still OK, insufficient operation, the automotive industry stock back temperature, good refrigerant R134a price.

Industry: according to the price monitoring of the business agency, there are 13 kinds of commodities in the list of rise and fall of bulk commodity prices on January 6, 2020, among which the top three commodities are hydrogen peroxide (2.95%), phenol (2.93%) and TDI (2.03%). There are 15 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products falling are liquid ammonia (- 7.88%), acetone (- 4.08%), lithium carbonate (- 2.70%). The average price of this day was – 0.13%.

3、 Future forecast

According to the refrigerant analyst of the business club, in the near future, the raw material end and demand end are favorable for refrigerant R134a. In addition, the supply of refrigerant R134a is still tight in the market due to the demand for refrigerant R134a in the automobile industry. It is expected that the price of refrigerant R134a will continue to rise in the short term.

1、 Price trend

According to the monitoring data of the business association, as of January 7, the average market price of organosilicon DMC in several major areas monitored by the data was 18700 yuan / ton, down 70 yuan / ton or 0.36% compared with the end of last month (December 31).

2、 Market analysis

Products: in 2020, the domestic organosilicon market continues to operate stably. Only a few organosilicon DMC manufacturers have slightly reduced the price by about 300 yuan / ton. At present, the main quotation of organosilicon DMC is 18300-19000 yuan / ton, and some low prices are 18100 yuan / ton. As the Spring Festival is getting closer and closer, the heat of goods preparation gradually fades, and some middle and lower reaches factories will be shut down for holidays, and the market trading atmosphere will gradually trend It’s flat. Before the Spring Festival, the price of organosilicon is basically stable. The fluctuation is limited. Due to the different inventory of various manufacturers, some manufacturers may slightly reduce their prices. They want to stimulate the growth before the year, but it has little impact on the current organosilicon market as a whole. In January, the number of plant maintenance increased, and the overall operating rate of the market declined. Starting next week, some factories in the middle and lower reaches will be shut down, Until the start of construction after the festival, the current market is running smoothly.

Operation of the unit: the unit in Jiangxi base of Aiken organic silicon is 450000t / A, the unit is in normal operation this week, and the maintenance plan is expected in late January; the production capacity of Xingfa in Hubei is 180000t / A, the unit is currently in the process of shutdown and parallel operation, and it is expected to resume operation in mid January, and the annual production capacity after parallel operation will exceed 300000 t / A; Shandong area: the unit of Luxi Chemical is in stable operation at present; Jinling in Shandong Province is expected to be in the first ten days of January There is a maintenance plan; the production capacity of Dongyue, Shandong Province is 250000 tons / year, and the current operating rate is about 7 floors; Zhejiang Province: Zhejiang Xin’an and Zhejiang Hesheng are currently in normal operation; Tangshan Sanyou has a production capacity of 200000 tons / year, and the maintenance plan is expected in January.

Industry chain: under the cost support of upstream DMC, silicone oil and 107 rubber are still firm and stable in the current market reference quotation, and the turnover in silicone oil market is slightly light. Near the Spring Festival, the downstream demand is weakened, and a small part of the demand for goods preparation makes the turnover of new orders limited. At the same time, the market has always been in conflict with high prices, and the downstream stock is mainly cautious. At present, 107 rubber manufacturers mainly focus on orders in the early stage of delivery, with little inventory pressure in the short term and good overall supply and demand fundamentals. On January 6, the external quotation of methyl silicone oil (conventional viscosity) manufacturers was around 19000-20500 yuan / ton; that of 107 rubber manufacturers was around 19000-20200 yuan / ton.

3、 Future forecast

According to the analysts of the business club, the market has basically completed the stock before the festival. At present, the market demand is relatively weak, and the factory inventory pressure is relatively small. Under the current situation of weak supply and demand, it is expected that the price before the festival will not fluctuate much, and the market will remain stable before the Spring Festival.

The spot price of precious metals rose sharply on JAN 6. According to the data of business agency, on January 6, the spot price of domestic gold was 355.23 yuan / g, a daily increase of 2.52% compared with the quotation of 346.50 yuan / G on January 3; the spot price of domestic silver was 4435.67 yuan / kg, a daily increase of 4335.67 yuan / kg compared with the quotation of 3 days. It rose 2.31% in the day.

Today, the demand for precious metals to avoid risks has increased, mainly due to the fermentation of the situation in the Middle East:

1. Trump threatened to strike 52 targets including cultural sites

U.S. air strikes on Baghdad International Airport killed major general suleymani of Iran’s Islamic Revolutionary Guard on March 3. Iran said it would retaliate, and U.S. – Iraqi tensions escalated rapidly.

On Thursday local time, trump tweeted a warning to Iran that if Iran strikes any American or US assets, the US military will strike 52 important Iranian locations it has targeted.

“It is war crimes to regard cultural sites as targets,” Iranian Foreign Minister Ali Zarif said later Friday, condemning the US president’s threat to strike 52 of Iran’s most important targets.

2. Iran announced to suspend the implementation of Iran nuclear agreement: no more restrictions on the number of centrifuges

After the US assassinated Sulaimani, the head of Iran’s Revolutionary Guard Holy City Brigade, on the evening of January 5 local time, foreign minister Zarif of Iran sent a message on social media saying that as the fifth and final “remedial” step, there will be no restrictions on the number of centrifuges in accordance with Article 36 of the Iran nuclear agreement.

This step is within the scope of the Iran nuclear agreement, and all five steps are reversible after the effective implementation of equivalent obligations. Iran’s full cooperation with the International Atomic Energy Agency will continue.

Note: in July 2015, Iran reached a comprehensive agreement on the Iranian nuclear issue with the six countries on the Iranian nuclear issue (the United States, Britain, France, Russia, China and Germany). Under the agreement, Iran promised to limit its nuclear program and the international community would lift sanctions against Iran. In May 2018, the United States announced to withdraw from the Iran nuclear agreement and gradually resume the sanctions on Iraq suspended due to the agreement.

3. Iraq demands that the Security Council condemn the U.S. military parliament’s request for the withdrawal of foreign troops from Iraq

On January 5 local time, the Ministry of foreign affairs of Iraq sent a letter to the UN Security Council and the UN Secretary General through the permanent representative of Iraq to the UN. According to the letter, the US air strikes on Iraqi military camps and assassinates Iraqi military leaders and senior friends in Iraqi territory, resulting in the death of muhandis, vice chairman of the people’s Mobilization Committee, several Iraqis and leaders with friendly relations with them, which is a serious violation of Iraq’s sovereignty and a violation of the conditions for US troops to be stationed in Iraq. Iraq calls on the UN Security Council to condemn the bombing and assassination.

On the afternoon of January 5 local time, the Iraqi parliament held a special meeting and reached a resolution on the issue of the US military in Iraq, which includes: the Iraqi government must no longer ask international organizations to help combat extremist organizations; the Iraqi government should strive to end the presence of all foreign forces in Iraqi territory.

According to Hart energy, data released by the Russian Ministry of energy on January 2 showed that the daily production of oil and gas condensate in Russia reached a record 11.25 million barrels in 2019, breaking the record of 11.16 million barrels set a year ago.

Data show that Russia is continuing to increase its oil and gas condensate production, despite the pollution oil crisis earlier this year limiting production and voluntary production cuts under a global agreement to support oil prices.

In the past 10 years, Russia’s oil production has been rising, thanks to the development of new oilfields and the introduction of new technologies for mature oilfields.

Russia’s oil and gas condensate production increased to 560.2 million tons last year from 55584 million tons in 2018, as small oil producers increased production.

According to the data, the output of oil and gas condensate from small producers jumped nearly 3% last year to 83.612 million tons, or 1.68 million barrels per day.

Data shows that the total volume of oil and gas condensate in December last year was 11.262 million barrels / day, higher than 11.244 million barrels / day in November. In tons, oil production last month was 47.629 million barrels, compared with 46.619 million barrels in November.

Alexander Novak, Russia’s energy minister, estimates that Russia’s oil and gas condensate production in 2020 will be between 555-565 million tons, or 11.12-11.32 million barrels per day, with a conversion rate of 7.33 barrels per ton of oil.