Although there is no substantial growth, the 2017 new year since international oil prices remained at $55, but if the Brent crude oil futures prices, compared to 2016 rose nearly $22 a barrel at the beginning of the year. From the industry point of view, pessimism facing the 2017 oil industry obviously compared to 2016 to ease a lot.

On the one hand, OPEC members continue to be exposed to cut news;

On the other hand, the United States is increasing the number of oil shale. Although compared to last year’s low, crude oil prices actually rose a lot, but for a large company legislator who, 2017 investment expansion will still not strong. In addition, liquefied natural gas (LNG) will usher in a much wider range of excess supply is also a important variable in 2017 or.

In fact, OPEC, shale oil and LNG like three huge undercurrent, the “fighting game” a situation of tripartite confrontation will determine the price trend in 2017.

In January 17th, BP’s chief executive, to the media said that this year the company’s annual investment remained below $17 billion, compared to $6 billion less 2014. The company in 2016 and finally out of the “Gulf of Mexico” quagmire, since the end of last year in the assets invested more than 4 billion dollars.

While the national producers in this round of rebound in oil prices played a very important role, in December last year, the organization of Petroleum Exporting Countries and 11 countries reached an agreement to cut output, although the implementation of this agreement is to be audited, but many countries have begun to implement, and has certain effect in the market.

For Chinese, oil and gas market ushered in a more uncertain year in 2017 will be. “Compared to 2016 2017, there will be tens of millions of tons of the refinery production.” Anxunsi Chinese research director Li Li told reporters. In addition to the new capacity, refined oil wholesale market price war.

The decision to implement the lower limit of oil production