The sharp drop in international crude oil prices: opportunities and risks for your industry

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At the beginning of 2020, with the pandemic affecting the whole world, intense competition broke out among the three major crude oil exporters: Saudi Arabia, Russia, and the United States. When the gods fight, it’s the common people who suffer. Global crude oil prices are on the verge of a sharp drop due to the production increase plans of Saudi Arabia and Russia; this will in turn have implications for domestic policies (such as the **finished oil price protection mechanism**), market conditions in various industries (such as petrochemical prices, operational rates, profits, etc., as well as the new energy sector), and the various risks and opportunities faced by different companies. On our open platform, we hope that everyone will be able to share their thoughts freely, exchange ideas, and collaborate with one another, taking advantage of their own expertise and the industries they work in.