Guo Xiji said:
"Then why did you say $20?"
"I want to know why they took the initiative to lower the price. Wouldn't it be interesting to negotiate with them?"
"this……?"
Guo Xiji was confused. Why would Park Zhenhe be in such a mood?
Oil ministers from various countries have nearly reached an agreement on production cuts, which will be announced today. The estimated reduction is 10 million to 15 million barrels of crude oil per day.
According to the news coming from the front, the oil price has approached $37 from $35, so how could Guo Xiji not be confused about Park Zhenhe's actions?
After Guo Xiji hung up the phone, the price of oil immediately broke through $37.
Ding-ling-ling~
After a while, Jin Junyu's phone rang again.
When he saw that it was Guo Xiji again, he turned on the speaker and placed it in front of Park Zhenhe.
"President Guo, I'm on speaker."
He told Guo Xiji in advance to prevent him from saying anything inappropriate when conveying the other party's opinions.
Park Jin Hyuk asked:
"What did Amy say?"
"Chairman, Amei agreed to $20, and she agreed very readily."
Jin Junyu was surprised.
"President Guo, you even shocked Director Jin. Did you hear correctly?"
"I've confirmed again and again that they've agreed to $20. Chairman, what do you think? Do you want to do a direct deal?"
Guo Xiji seemed very excited.
Park Jin Hyuk looked up and saw that the price of oil was approaching $39.
"You're also looking at the price of oil, right? It's almost $39 now."
$20 is equivalent to half of the current oil price. Even Jin Junyu next to him wanted to ask the same question.
But Park Jin Hyuk smiled and said:
"President Guo, why did they agree so readily? Isn't it strange?"
Guo Xiji didn't say anything on the other end of the phone.
"What kind of company is Aramco? Last year, its net profit reached $100 billion. Thanks to some of its public shares, it once became the world's most valuable company. Given its size and influence, it accepted our offer without hesitation. Isn't that surprising?"
After that, Park Jin Hyuk instructed Kim Jun Woo:
"Contact President Zheng immediately and tell him to dispose of any crude oil-related futures or stocks he has."
"Chairman, how do you think we should respond to Amei..."
Guo Xiji asked on the other end of the phone.
"Just tell Amei that I can't contact you right now, so I can't give you an answer."
“…Okay, I understand.”
Guo Xiji hung up the phone.
At this time, Kim Jun-woo informed Jung Chan-yong of Park Jin-hyuk's instructions.
Oil prices have broken through $39.
Park Jin Hyuk asked Kim Jun Woo:
"President Zheng, do you understand what I mean?"
"He said he understood. He also felt that the current market conditions were a bit strange and had already told his subordinates to stop buying overseas oil futures."
"Well, you are indeed an expert."
Jin Junyu glanced at the TV. Oil prices were still rising, and he didn't notice anything unusual.
It was already past dinner time, and he began to think about buying some midnight snacks for his boss, but at this moment, in the TV studio, the host and guests all looked confused.
Ding-ling-ling~
Jin Junyu's phone rang again.
"Hello."
"Director Jin, quickly change it to the chairman..."
Still President Guo Xiji.
Kim Jun-woo looked at Park Jin-hyuk with an inquiring look, and Park Jin-hyuk pointed to the coffee table in front of him.
Jin Junyu put his phone on the coffee table and said:
"President Guo, I've turned on the speaker, please go ahead."
"Chairman, news came from Cairo that the meeting collapsed."
"……Yeah?"
Park Jin Hyuk smiled. He glanced at the TV and saw that the soaring oil prices had stopped.
"The meeting did not reach any conclusion. All parties said they would maintain their original production, and several countries that had not increased production said they would also increase production."
"I expected this situation. What was the reason for the meeting's split?"
Guo Xiji said:
"Saudi Arabia and Russia had different opinions on production cuts. Saudi Arabia did not respond positively to Russia's proposal to cut production, so the deal ended in failure."
"The two big brothers couldn't reach an agreement, so the younger brothers also expressed their desire to increase production."
"It seems so."
A news scroll appeared at the bottom of the TV screen:
[The Cairo Conference produced no results]
[Algeria and Angola say they will increase crude oil production]
Iran is trying to negotiate with the United States to lift the blockade in order to export oil and avoid the collapse of its domestic economy.
Park Jin Hyuk said:
"The report said Iran is seeking to resume oil exports."
"Yes, the Iranian oil minister was not invited to this meeting, but he took the initiative to go to Cairo to contact the United States. Before the blockade, Iran's crude oil production was 4 million barrels per day. If the blockade is lifted, it will be equivalent to an increase of 4 million barrels per day."
"That would be a lively occasion."
After the news of the breakdown of the meeting came out, oil prices instantly fell back to $35.
Park Jin Hyuk smiled and said:
"We don't have to do anything, just watch."
"Chairman, will there really be...negative oil prices?"
"You'll find out if you keep reading."
Park Jin Hyuk hung up the phone.
Jin Junyu asked:
"Chairman, did Amei foresee the outcome of the meeting?"
"Why else would they call out of the blue and ask for an immediate transaction?"
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
Continue read on readnovelmtl.com
