Core Viewpoint - The report from Zhongyin International indicates that U.S. President Trump has urged American oil companies to increase investments in Venezuela's oil industry, following the swift capture of Venezuelan President Maduro by U.S. forces. This statement is expected to negatively impact oil prices due to the potential doubling of Venezuela's oil production to 2 million barrels per day over time and with investment [1]. Group 1: Oil Price Impact - Trump's comments are anticipated to exert downward pressure on oil prices, as Venezuela's oil production could significantly increase [1]. - The report suggests that WTI crude oil prices are unlikely to remain below $50 per barrel in the long term, as this would deter U.S. companies from investing in Venezuela [1]. Group 2: Market Monitoring - Close attention is required on the situations in Iran and Ukraine, as they may also influence oil market dynamics [1]. - The report maintains a "neutral" rating on the Chinese oil industry, indicating that short-term selling pressure may be faced by China National Petroleum Corporation (CNPC) [1].
大行评级|中银国际:委内瑞拉局势或令油价下跌 中石油短期面临抛售压力