The era of cheap oil has ended,oil price is expected to rising

石油输出国组织(欧佩克)在最新报告中表示，石油产量再次未能达到设定的产量目标。而且产量的缺口不是每天几千桶，而是每天180万桶。更重要的是，这正在成为常态。

The Organization of Petroleum Exporting Countries (OPEC) said in latest report that oil production has again failed to meet the setted production target. Moreover, the output gap is not thousands of barrels per day, but 1.8 million barrels per day. More importantly, this is becoming the norm.

另一方面，美国今年从战略石油储备中拿出2亿桶出售，应当对市场供应起到一些弥补作用。美国政府计划在油价低于每桶70美元时为战略石油储备补货，但谁也不知道油价何时能降至70美元以下。毕竟，美国石油生产商并不急于为填补战略石油储备而增产。

On the other hand, the United States will sell 200 million barrels from strategic oil reserves this year, which should make up for market supply. The US government plans to replenish the strategic oil reserve when the oil price is below $70 per barrel, but no one knows when the oil price will fall below $70. After all, American oil producers are not in a hurry to increase production to fill strategic oil reserves.

一些专家认为，西方制裁对俄石油生产商产生负面影响，导致石油产量下降，也是石油价格上涨的原因。

Some experts believe that Western sanctions have a negative impact on Russian oil producers, leading to a decline in oil production, which is also the reason for the rise in oil prices.

各投资银行和交易商预测，石油价格将居高不下。他们认为，随着中国放松疫情防控政策以及中国经济复苏，目前中国需要大量石油及其他能源。交易商还考虑到，石油仍是不可取代的商品，并由此得出一个重要结论，即廉价石油时代似乎结束了。

Investment banks and traders predict that oil prices will remain high. They believe that China needs a lot of oil and other energy at present as China relaxes its epidemic prevention and control policies and its economy recovers. Dealers also took into account that oil was still an irreplaceable commodity and drew an important conclusion that the era of cheap oil seemed to be over.

全球石油供应形势十分严峻。越来越多的专家警告称，优质油田正在减少，这也是一个问题。由于石油没有可靠的替代品，在可预见的未来，供求关系仍将不平衡，也就是需求会稍微或明显大于供应。总之，综合来说，廉价石油时代已经终结。 

The global oil supply situation is very serious. More and more experts warn that high-quality oil fields are decreasing, which is also a problem. As there is no reliable substitute for oil, in the foreseeable future, the relationship between supply and demand will remain unbalanced, that is, demand will be slightly or significantly greater than supply. All in all, the era of cheap oil has ended.

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