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South African President decides to continue to relax domestic closures on June 1, The Russian Ministry of Energy believes that global crude oil demand will pick up

South African President decides to continue to relax domestic closures on June 1
South African President Ramaphosa announced that he will further relax domestic closure measures from June 1st, including school resumption in stages, the cancellation of curfews, and allowing more business activities to restart. Mafusa said that the new cases in the past week accounted for one-third of the cumulative number of diagnoses, and it is expected that the growth rate may be faster in the future, but believes that the closure of the city cannot be sustained for a long time, and the local area will redistribute 20,000 beds and is under construction 27 square cabin hospitals to cope with the peak of the epidemic.

The Russian Ministry of Energy believes that global crude oil demand will pick up
The Russian News Agency quoted the news as saying that the Russian Ministry of Energy expects that global crude oil demand will improve this month, and the current daily supply has been reduced by 14 million to 15 million barrels. China, daily output has decreased by 3.5 million to 4 million barrels. As fuel consumption increases, global supply and demand are expected to return to equilibrium in June. Relevant news continued to drive the market's longing for the oil market. However, due to the changes in Sino-US relations and the global COVID-19 epidemic, short-term is expected to limit the further upward space for oil prices.

 




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