商业报道:OPEC减产仍难挡油价暴跌

Oil sinks despite OPEC

Production cuts are the topic of OPEC's emergency meeting, yet crude futures¹ continue to fall as investors² focus on slowing global demand.

Oil price's falling in concert with stocks today, and this is despite the fact that OPEC has expected to significantly cut production in the cartel meets later on this week. What's going on? Let's talk to trader, Anthony Grisanti, president, GRZ Energy. Here, with us now. From the floor, talk to us about why you are seeing this, why it seems OPEC isn't even playing in?

Well, right now, today the focus is on the dollar. We..we're about at a key 1.30 level(是对欧元的汇率). It's right above it. And really it's the strength of the dollar, that has made oil weaker today. And, you know, going over to OPEC. You know, we pretty much know that they wanna cut Friday. But most of traders feel down here: they are gonna have to cut a significant amount to have any impact on this market and to have these prices go higher. And by significant amount, I am talking about four to five million barrels a day. And I really don't see that happening. In fact, any kind of the cut we see, I expect, one to two million barrels. And I don't really see in that have a lot of influences on prices right now. And word to down market, we wanna thaw³ rallies out here,it looks like it is gonna continue. We had Chinese economy, the growth revised down for next year and for the rest of this year. Of course, the U.S. is the same way. So really it is all about demand and the dollar right now. And OPEC is kind of on the sidelines.

Alright. Let's say, OPEC does cut a significantly four or five billions barrels a day, what then happens to oil prices when you are dealing⁴ with slowing economies around the world, and as you said the stronger U.S. dollars than we've seen in the long time.

Well, if they do cut the four or five billion , you will see its initial spike,that's for sure. Probably to about the 85 dollar level. But , I think, at that point, you are gonna turn around and look to see what the demand is, even at the low levels that OPEC is producing. And I don't think we are gonna see the demand may, will be there, even for those numbers. So, I expect that the market will be very weak or will be very range-bound, say, between 70 and 90 dollars. But if they come in less that cut,if they come in and say one and two, (Yeah. ) I think we'll take a shot towards 60 dollars. at this point.

You know, finally , the shift that's happend this fall, so interesting as you see oil moving concert with stocks, which is the opposite of what we saw all summer. How long does that hang on? How long is that the case? Will these two move together? And it's really the demand that play?

Well, I think , it's a matter really... I don't think they are so moving in tandem⁵ together. I think it just , kind of... it seems that way. And that's the way it's working out. But really it is about the demand in oil and when that demand starts to picking up , then you can see, you know, uh, the market. And actually the stock market could pick up at that point too, because a bigger demand means that economie's doing a little bit better. But I don't think there 's link as we think they are. I think it's just a moving tandem right now. Just a coincidence at this point.

Alright,Anthony , appreciate your expertise⁶, thank you.

1 futures   

n.期货，期货交易

参考例句：

• He continued his operations in cotton futures.他继续进行棉花期货交易。
• Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 thaw   

v.（使）融化，（使）变得友善；n.融化，缓和

参考例句：

• The snow is beginning to thaw.雪已开始融化。
• The spring thaw caused heavy flooding.春天解冻引起了洪水泛滥。

4 dealing   

n.经商方法，待人态度

参考例句：

• This store has an excellent reputation for fair dealing.该商店因买卖公道而享有极高的声誉。
• His fair dealing earned our confidence.他的诚实的行为获得我们的信任。

5 tandem   

n.同时发生；配合；adv.一个跟着一个地；纵排地；adj.（两匹马）前后纵列的

参考例句：

• Malcolm's contract will run in tandem with his existing one.马尔科姆的合同将与他手头的合同同时生效。
• He is working in tandem with officials of the Serious Fraud Office.他正配合欺诈重案办公室的官员工作。

6 expertise   

n.专门知识(或技能等)，专长

参考例句：

• We were amazed at his expertise on the ski slopes.他斜坡滑雪的技能使我们赞叹不已。
• You really have the technical expertise in a new breakthrough.让你真正在专业技术上有一个全新的突破。