16 World Cups attracted 140,000 people, and the Beijing Division won praise from the FIBA

16 World Cups attracted 140,000 people, and the Beijing Division won praise from the FIBA
The “5G + 8K” OB van made outstanding achievements.The organizing committee provided the picture. The 2019 Basketball World Cup has come to an end, and some of the work in the Beijing area has been successfully concluded.During the 16 days of this World Cup, the 32 teams played a total of 92 games, including the finals and the semifinals. The Beijing Division hosted 16 of these games, attracting more than 140,000 spectators to the Wukesong Stadium.The work of organizing the game was recognized and praised by the FIBA and other parties.Beginning on August 31, the Beijing Division first hosted 6 games in Group A of the Chinese men’s basketball team, and then hosted 4 games in the 17-32 qualifying.After the World Cup entered the knockout, two 5-8 qualifying matches, two semi-finals, one 3-4 finals, one finals also proceeded smoothly.A total of 16 teams, including the Chinese team, the Polish team, the American team, the Serbian team, the French team, the Spanish team, and the Argentina team, came to the Wukesong Stadium.As one of the eight host cities for this World Cup, Beijing is in good condition.During the entire World Cup, nearly 500 volunteers from 12 universities across the city, as well as more than 80 spectator volunteers participated in the service guarantee work.The TV broadcast time of the game totaled more than 30 hours, and the “5G + 8K” broadcast truck made outstanding achievements.The Media Propaganda Department of the Organizing Committee gradually received about 3,000 journalists from internal and external media and organized nearly 40 press conferences.FIBA Secretary-General Zagris said that Beijing and other eight host cities provide perfect venues and advanced facilities. Fans present at the venue have a good viewing experience. Athletes from various countries and the FIBA have also contributed wonderfulThe competition, “Thanks to the organizing committee of the event, all volunteers and service personnel of the event for their hard work, and their contributions to the World Cup.””

The three countries of the crude oil market in Russia, Russia and the United States are killing!After the price drops 30%, the domestic refined oil returns to 5 yuan?

“Busy crazy!!”A senior analyst told reporters.This morning (March 9), futures are in one of the most intense sell-offs ever.Brent crude oil plunged 31% at the opening this morning, and then narrowed down more than 20%, reaching a minimum of 31.02 US dollars / barrel, the largest decline since the United States launched the war in Iraq in January 1991.On one trading day of the Air Force, Brent crude oil has plummeted by 10%.At the same time, the Kuwaiti stock market suspended trading, the index fell 10%, and the Saudi stock market fell more than 8%.On Friday, OPEC and Russia talked about collapse, unable to reach an agreement to further reduce production by 1.5 million barrels per day.Last Saturday, Saudi Arabia cut prices and increased production to launch a “full-scale oil price war.”Will the United States pull?Will oil prices remain low?Will the domestic refined oil be worth 5 yuan?Sauna and Yewang interviewed Jia Ruibin, director of Tianfeng Futures Research Institute, Zhong Jian, chief chief of Jinlianchuang Petroleum, and Qu Xinrong, senior research director of Shanghai Oil and Gas Trading Center.Sauna Night: What is the reason for the international oil price plunge?Demand collapse, price bubble production cuts conflicts within the agreementOther countries even choose to increase production to protect their fiscal revenue.This means that the collapse of demand in the crude oil market and the double-kill situation of increased supply have led to a rare drop in international crude oil prices.Zhong Jian: The reason for the current plunge is the failure to cut production and Saudi Arabia’s price cuts after the meeting.This further shows that the price bubble caused by panic in the oil price has reached the moment of extreme inflation.However, this also means that it will be the moment when the bubble is about to burst, and the eve of the turnaround in the crash.Sauna Night Net: The game is concentrated in Saudi Arabia and Russia. How will the cards be played?The door to negotiations on production cuts is still open. Russia and Saudi Arabia need to bargain. Jia Ruibin: To the oil-producing countries, it may not be possible to solve the problem even if they want to reduce production.In general, Saudi Arabia has the lowest cost, followed by Iran and other countries, Russia is in the middle, and shale oil costs are higher.From the perspective of overall prices, shale oil is already at a significantly higher level, and countries such as Saudi Arabia and Iran are required to jointly reduce production to boost prices. However, for countries such as Saudi Arabia and Iran, their massive production cuts will obviously lose revenue, but the beneficiariesIt is Russia, the United States and other countries, so this is not a wise choice.Xinrong: The game of oil prices is mainly concentrated between Saudi Arabia and Russia.In fact, since the reduction of production in December 2018, Saudi Arabia has assumed the majority of the production reduction share, and Saudi Arabia has lost a considerable part of the market. Then, Saudi Arabia ‘s appeal is mainly that Saudi Aramco can be stable and oil prices remain at a certain level.Russia is also a crude oil exporter. If it does not reduce production, Saudi Arabia cannot reduce its own output.So the reason why Russia is doing this may be to ask Saudi Arabia for more political chips.In fact, Russia has been considering the issue of production cuts, and has made preparations for oil prices to move towards $ 42 per barrel.But Russia is also concerned that the joint reduction in production with Saudi Arabia will allow the United States to take the biggest advantage.Zhong Jian: For Saudi Arabia, before the completion of overseas stock listings, Saudi Arabia ‘s move towards OPEC alliance will continue to reduce production, and strive to maintain oil prices above 60 US dollars / barrel.During this period, the OPEC alliance still needs to exist; the political landscape obtained by Saudi Arabia through the alliance also needs to be exchanged for more contributions; to maintain the cooperation relationship of the OPEC production reduction alliance without breaking down, it is necessary to continue to tolerate Russia.Therefore, the door to negotiations on production cuts still needs to be open, there is a market satisfaction, and the formation of internally understood production cut plans is a high probability event.For Russia, not completely refusing to reduce production before the meeting, but only conditionally reducing production.From the reports gradually revealed by foreign media, due to some temporary changes during the meeting, the differences between OPEC and Russia have expanded.It can be seen from this that Russia does not refuse to cut production in principle, but is very “fighting” in the meeting.As long as it is not a matter of principle, other issues can be understood and understood, and there is room for resolution.Sauna Nights: US shale oil continues to suppress the price of crude oil worldwide. Will this price war take action?The dilemma: low oil prices are good for US monetary policy but hit the US shale oil market. Qu Xinrong: From a political point of view, the United States is happy to see its success.Low oil prices will lead to lower inflation, the Fed will have a certain monetary space, and as a crude oil consumer, the cost will be reduced.But the pressure on the shale oil industry in the United States is greater, because the cost of shale oil is between 40 and 50 dollars per barrel, then crude oil is at such a low price, and the market share and production of shale oil in the United States will be faster.Down.In fact, in 2015, Saudi Arabia implemented the strategy of using low oil prices to strike US shale oil, but it was unsuccessful, and it also led to the market share being divided by the United States.This time Saudi Arabia also used the same method to attack the shale oil market in the United States.Zhong Jian: The extreme price of more than 30 dollars is unbearable for all oil-producing countries, and it is also unacceptable for Wall Street’s financial capital, and it is indispensable for the benefit of the election.Affected by the plunge in oil prices, the global capital market also fell sharply, allowing the Federal Reserve to cut interest rates in the early stage, and the monetary easing policy collapsed overnight.The U.S. stock market is recognized as the largest piece of cheese for re-election, and it is possible that it will soon shoot Saudi Arabia.Sauna Night: Is the drop in oil prices temporary or trending?Different from the fundamentals of the relative plunge, oil prices may rebound in the second and third quarters. Jia Ruibin: In the medium term, the epidemic will eventually pass, and demand will gradually recover sooner or later, so the decline in oil prices is also temporary or excessively panic.Xinrong: The price will fluctuate and fall, but it is still short-term and will not be trendy.Because of low oil prices, neither Saudi Arabia nor Russia can stand it, and US shale oil production will also decline. Therefore, transmission demand may resume in the 2-3 quarter, and oil prices will start to rebound.Zhong Jian: This kind of extreme price decline (only $ 15 in two days) has a serious lack of fundamental support.This is different from the collapse of the oil price in 2018 that was caused by the outbreak of the US financial crisis and the serious liquidity of capital in the capital market. It is also different from the fall of the oil price in the second half of 2014.During this period, various financial capitals were forced to withdraw from the market including oil futures.Almost all of this plunge was caused by the panic caused by the failure to cut production and Saudi Arabia’s price cuts and preparations for heavy volume.Sauna Night: Is it a good thing for China, or a double-edged sword?Double-edged sword: Lowering the cost of imports will also cause some upstream and downstream enterprises in the industry chain to reduce. Jia Ruibin: China’s large amount of crude oil depends on imports, and the international oil price has dropped, which has reduced the cost of crude oil imports.However, after the price of crude oil falls, it will lead to a simultaneous decline in the prices of commodities in the energy and chemical industry chains, and will lead to substantial substitutions in some upstream and downstream enterprises in the industry chain.If crude oil prices remain low for a long time, it will obviously have a distorting impact on China’s petrochemical industry.Therefore, the rapid decline in energy prices is a double-edged sword for China.Considering that crude oil prices will not remain at a low level for a long time, we recommend that the government appropriately increase crude oil reserves in the relative position of prices. These parts of production temporarily have difficulties in replacing subsidies or technical support for production enterprises to maintain the relative stability of the overall industry.Xinrong: For China, it is definitely a good thing.China is the largest crude oil importer, with a 70% dependence on crude oil and a 45% dependence on natural gas. The reduction in crude oil and natural gas prices is definitely helpful to China’s cost control.Sauna Night Net: What effect does it have on domestic refined oil prices?The profit spread of oil refining companies that may reappear in the 5 yuan era may continue to widen Jia Ruibin: The price adjustment window for domestic refined oil prices opens a week later, coincided with the sharp decline in crude oil in the cycle of more than 20%, and the price of refined oil is also expectedThere will certainly be a significant drop.The price reduction is expected to exceed 500 yuan.If the market is fierce, the 5 yuan era is also possible to reproduce.Xinrong: As far as refined oil prices are concerned, according to the price adjustment regulations of the National Development and Reform Commission, when the price of international crude oil is below US $ 40 per barrel, the price of refined oil will no longer be reduced with the price of international crude oil.This is equivalent to a low price for refined oil. For an oil refining enterprise, the profit spread will widen, which is also good for oil refining enterprises.If the oil price does not rebound, the next time the price adjustment enters the 5 yuan era is not a problem.Sauna, Ye Wang Zhang Shuxin Editor Yue Caizhou Li Weijia Proofreading Liu Jun