reporter Huang Jihui

???? xinhuanet.com New York 14 June report (reporter Huang Jihui) this week, a sharp deterioration in the security situation in Iraq, the sharp rise in international oil prices. Analysts pointed out that, at present, the crude oil market pay close attention Cheap Hockey Team Jerseys to the situation in Iraq, if the southern oil producing areas affected, the international oil prices or rise further, and will bring pressure to the global economy.

???? the Iraqi security forces and anti-government armed conflict. Anti government forces occupied the northern area, including the second largest city of Mosul, and approaching the capital baghdad. New York and London oil prices this week rose 4.1% and 4.4%, weeks or for this year the biggest. The two oil price hit levels not seen since September.

???? oil Cheap Sabres Jerseys on the New York Mercantile Exchange Broker's Firm paramount options president, senior oil trader Raymond · Caborn said in an interview with reporters, the crude Cheap NHL All Star Jerseys oil market are concerned about the situation in iraq. He thinks, at present prices reflect market supply worries.

???? Caborn said, as OPEC's second largest oil exporter, the average daily oil production of 3000000 barrels to 3500000 barrels. If this yields to suddenly disappear, will bring to the market a huge gap. If the rebels to attack further south, southern oil producing areas affected, prices could rise further.

???? the world authoritative economic forecasting consultancy "Oxford economy" pointed out in a report, Iraq is important in the crude oil market, because in recent years it has become an important exporter of crude oil. Although Iraq in 2013 oil exports accounted for only 3.6% of total world oil exports, but the data didn't show the importance of Iraq in the crude oil market. In fact, the Iraqi oil production accounts for 2005 to 2013 years, the global crude oil new production of 29%.

???? the body of senior analyst Slater expected, to 2020, Iraq's oil production accounts for the proportion of world oil production will Cheap Blue Jackets Jerseys be increased to 4.6%, accounting for 2013 of global oil production in 2020 increased to 25%.

???? Slater says, if Iraq's oil production is threatened, it will be a crisis on the global oil supply. If the Iraqi oil production by half, theory, this part of the loss can be compensated for by other countries increase, particularly Saudi Arabia, but this need time.

???? report, assuming the southern oil producing areas affected, Iraq's oil production in 2014 second quarter to the fourth quarter of 2016 will be dropped to the level of 2003, this period of Saudi oil production will gradually increase, to offset the Iraqi supply reduction, but failed to stop the rise in oil prices.

???? affected by geopolitical and risk preference, expected international oil prices will rise to $140 a barrel in the fourth quarter of 2014, when the supply gradually catch up with Cheap New Jersey Devils Jerseys the demand and the risk premium disappears gradually after the end of 2016, will be back to $104 a barrel. Oil price volatility will have a significant impact on the world economy. The 2015 global economic growth.