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00:00 It's time for Energy Time to update the oil price and the daily chart.
00:05 The oil production of OPEC and Pantamid is mainly driven by Saudi Arabia.
00:15 The impact on oil price is significant.
00:19 The price of Benz oil has risen from the world oil market in the second half of 2016.
00:27 Saudi Arabia has increased the oil production by 1 million barrels per day from August 2016 to December 2016.
00:40 Russia has decreased the oil export by 0.3 million barrels per day from August 2016 to December 2016.
00:48 China's economy has expanded less than expected.
00:51 China is the second largest oil producer in the world. So, it may affect the demand for oil.
00:59 OPEC Plus has decreased the production by 1.66 million barrels per day from August to December 2016.
01:08 Saudi Arabia has decreased the production of raw oil by 1 million barrels per day from July to September 2016.
01:17 The production is at 9 million barrels per day and the time is extended to the end of the year.
01:23 Russia has decreased the oil export by 0.3 million barrels per day from July to August 2016.
01:30 It has decreased the oil export by 0.5 million barrels per day from August to September 2016.
01:36 The EIA, the United States Oil Production Index, has decreased by 12.8 million barrels per day from August to December 2016.
01:47 It is the lowest level of production in the pre-COVID-19 period.
01:52 The pressure from the United States oil industry is still low.
01:57 The United States oil stock report has decreased.
02:01 The latest level is 440 million barrels per day, which is the lowest level of production, 400 million barrels per day in early 2065.
02:09 In addition, the demand for oil has recovered more than before the COVID-19 outbreak.
02:15 The demand for oil has increased.
02:18 The oil market is expected to tighten in the second half of 2065.
02:24 China's economic expansion is another factor to look at.
02:28 China is the second largest oil user in the world and may be affected by the pandemic.
02:33 The latest production of PMI is 49.3% in July 2016.
02:40 The lower 50% indicates the economic recovery.
02:43 China has decreased the oil export by 0.15% and the remaining 2.5% indicates the effort to boost the economy.
02:52 China's third round of oil export will reflect the economic recovery in the country.
02:59 It will also affect the oil supply in the region.
03:03 Please stay tuned for the latest news about the Atlantic Ocean.
03:07 The Atlantic Ocean has been in the middle of the Atlantic Ocean since June 2016.
03:13 The Atlantic Ocean may cause oil prices to stop in Mexico.
03:18 This will have a positive impact on oil prices.
03:20 Please stay tuned for the latest news about the Central Bank of Thailand's oil reform.
03:27 This may affect the price of dollar and the oil market in the oil futures market.
03:33 These are the latest news about the oil prices in the second half of 2065.
03:38 Stay tuned for the latest news about the oil prices in the Energy Time with Ploy.
03:44 You can follow us on YouTube, Facebook and TikTok.
03:47 [Outro Music]