When he arrived at the elevator, Park Jin Hyuk found that Kim Jun Woo did not follow him.
Turning around, Jin Junyu saw a secretary saying something to him, and a look of shock appeared on his face.
Park Jin Hyuk entered the elevator, then he signaled his attendant to wait for Kim Jun Woo.
The elevator door closed only after Jin Junyu came in.
"What's going on? Has a war broken out?"
Park Jin Hyuk joked.
You can tell that he is in a good mood, but Jin Junyu still looks serious.
"Chairman, I just received news that the two parties involved in the OPEC+ meeting had a falling out."
At Saudi Arabia's suggestion, the OPEC+ alliance held a meeting in Abu Dhabi, the capital of the United Arab Emirates, over the past two days.
The issue is whether and when to freeze or reduce crude oil production in the face of another Paris flu epidemic and economic downturn.
Park Jin Hyuk also put away his smile.
"What exactly happened?"
"During the discussion, differences of opinion arose, and Russia simply walked out midway through."
"Why?"
"Russia does not agree to cut production and plans to increase production by 500,000 barrels per day."
Founded in 1960, OPEC (also known as the Organization of the Petroleum Exporting Countries) is an international organization comprised of major oil-producing nations. Its member countries account for 40% of global crude oil production. Its mission is to coordinate and unify the oil policies of its member countries, ensuring a stable oil market and reasonable prices.
By adjusting the oil production of its member countries, OPEC is able to exert significant influence on the global oil market.
Its main members are oil-producing countries led by Saudi Arabia. In recent years, OPEC has also formed a cooperative alliance with other major oil-producing countries led by Russia. This alliance is called OPEC+.
"Weren't they planning to freeze production? Why did Russia suddenly propose increasing it?"
Before the meeting, a US research agency conducted a survey of some international experts, and most people tended to believe that crude oil production would be frozen, with a probability of 70%.
"Originally, it was predicted that oil prices would be frozen until this summer, but Russia claimed it could not accept a production freeze and instead proposed increasing production... Naturally, this triggered a strong backlash from Saudi Arabia, which subsequently announced it would increase production by 1 million barrels per day."
"One million barrels?"
"Not only Saudi Arabia, but also the UAE has said it will increase production by 1 million barrels."
"Haha, isn't this crazy?"
Park Jin Hyuk continued:
"But there's nothing to worry about. We've already anticipated this situation."
However, Jin Junyu reported another piece of information to him.
"...Oil prices have fallen 20%."
"20%?"
"It used to be around $40 a barrel, but now it's down to over $30, and it's still falling."
"Okay, I understand."
Park Jin Hyuk walked out of the elevator, turned around and said to Kim Jun Woo:
"You have to pay special attention to DS Energy. Falling oil prices will definitely have an impact on it."
Seeing Park Jin Hyuk coming back, the presidents waiting in the office all stood up.
"Thank you for your hard work."
"In just a short time, DS BioLogics' stock price has rebounded 10%."
Shi Zhengwan said:
"I have ordered my men to immediately make a public announcement based on the information you released."
Park Jin Hyuk smiled and nodded.
*** *** ***
Today, Park Jin Hyuk returned home and turned on the TV.
-Thanks to the news released by Chairman Park Jin Hyuk today, the stock price, which was about to collapse, has begun to recover. What do you think about this?
-The news released today can truly be described as shocking. Not only did they invest 100 billion to purchase DS BioLogics shares, they also promised to donate all the shares to the foundation to give back to society.
-Usually, chaebols only make such donations when they are under investigation. From this perspective, Chairman Park Jin Hyuk's behavior is indeed extraordinary.
-Because the stock price began to rebound, DS BioLogics' stock has begun to make a profit. I didn't expect that he would donate all the shares and profits. This is really an amazing decision.
-The transfer of part of the production and sales rights of Bidafel to Hancheng Group, plus the news released today... Chairman Park Jin Hyuk has made a series of surprising moves.
Han Ji-yeon, who was sitting next to her, said:
"Today's press conference was rehearsed in advance, right?"
“Does this need rehearsal?”
Park Jin Hyuk replied.
Not long after the press conference, Han Ji-yeon arrived at the company.
After meeting Park Jin Hyuk, she asked why he didn't discuss with her before donating so much money.
Park Jin Hyuk was puzzled and asked why he should discuss this with her because they were not married yet.
Strictly speaking, they have no relationship.
Han Ji-yeon did not agree with this statement and insisted that if such a thing happened in the future, she should be discussed with him.
Park Jin Hyuk didn't refute anymore. When he got off work, Han Ji Yeon followed him to Park Jin Hyuk's apartment.
"Aren't you going to leave?"
Park Jin Hyuk turned off the TV and asked.
"Are you talking to me?"
"Who else can I tell? It's just the two of us here."
Although Park Jin Hyuk had some feelings for Han Ji Yeon, he didn't really like her.
"What? Do you feel uncomfortable with me being here?"
"Don't you feel awkward being alone in a room with a man and a woman? It seems you're used to it?"
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
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