Although the energy summit held at Changan Energy Exchange started at 10 o'clock in the morning in China, it had a very rapid impact on the global crude oil market.

The world's four major crude oil futures contracts are "West Texas Intermediate Oil", "High Sulfur Crude Oil", "Brent Crude Oil", and "Dubai Acid Crude Oil".

These four crude oil futures contracts are affiliated to the New York Stock Exchange, London Stock Exchange and Lion City Exchange respectively.

Because of the crude oil futures trading on these three exchanges, the daily trading time is 22 hours, and there is only one hour of rest time in the middle. In addition, the rest time of the three exchanges is staggered, which is basically equivalent to the 24-hour global futures trading.

The crude oil futures that Goldman Sachs has heavily invested in include four main varieties, including the gasoline and diesel futures of the Tokyo Exchange.

Although it was night in New York at this time, the management of Goldman Sachs was not sleepy at all, and CEO Lloyd felt that he was going to be finished.

Looking at the rolling electronic screen, the prices of the four major crude oil futures contracts were all bright red. He asked in a daze: "How much has you lost?"

Vice President Rogers, who was standing aside, stammered: "All our long positions have been liquidated, and at present... we have lost 65.2 billion."

"Mr. President, our stock price has fallen below 100 meters in over-the-counter trading..."

Faced with such a terrible loss, Lloyd almost fainted. Last month, Goldman Sachs' total market value exceeded 100 billion, and it held a huge asset of trillions.

And his misjudgment caused fatal losses.

According to the current market value, Goldman Sachs' market value has evaporated by more than 80%, leaving only 18.5 billion meters of market value, and there has been a situation of insolvency.

Of course, the centipede worm will die without being stiff.

Goldman Sachs has a huge asset, such as ICBC, Mobile, and SMIC, which have some shares in the hands of Goldman Sachs. They invest and invest in countless companies around the world. If they sell some of their assets, they can still keep Goldman Sachs from going bankrupt.

It just hurts very much. After all, in just ten minutes, no one can hold on to the bloodshed like this.

If you want to raise so much money in the short term, you can only sell your assets at a low price.

If it is just international hot money and hedge funds, Goldman Sachs may be liable for debt, but a large number of giants within Wall Street have also participated in short selling.

In the first wave of short attacks, the main force was Huang's International and more than a dozen domestic investment funds. They harvested international crude oil and natural gas futures within the first five minutes and immediately withdrew their short selling.

The next second wave of short attacks is actually Soros' Quantum Fund, Morgan, Merrill Lynch and a host of Wall Street Capital.

They offset their losses by short selling, and even make a big profit on the backhand.

If Goldman Sachs wants to default on the debt, it must first ask other capital giants on Wall Street. Obviously, these vampires who eat people and don’t spit out bones will not spit out the food they eat.

At present, international crude oil futures are still plunging, and the bears are unprecedentedly powerful, especially when Luo Tuo announced that gas will be self-supported and may even export to the outside world.

The price of 60 to 80 meters per barrel was previously stalemate, but within ten minutes, it fell below 40 meters per barrel, which once again triggered the trading circuit breaker.

If it weren't for the fact that there was no setting for negative crude oil prices now, negative prices might even appear.

The price of crude oil per barrel is less than 40% meter yuan. What is this?

This means that traditional coal-to-oil has entered a loss-making state, and among North American shale oil, some of the shale oil fields have also begun to become unprofitable and even suffer losses.

Wall Street at this time.

Some people cry, some are ecstatic, some are numb, and some are complacent.

Under the brightly lit night, this is a big casino for speculators. Getting rich overnight is constantly happening, and there are many people who lose overnight.

Several investors who were successful short selling were chatting and laughing while walking in the eight-character steps, discussing the matter of going to Hawaii for a few days.

Suddenly, a black shadow fell from the sky and directly hit one of them, screaming and hitting the ground.

"Oh, buy it!"

"Call an ambulance!"

The people around were panicked, and while shouting, they quickly moved away from the building, fearing that they would be affected by the fish.

On the ground at the scene, the unlucky guy who was hit had his neck twisted 90 degrees, and there was basically no need to rescue him.

And the "thing" that hit people broke, the head was broken, like the meat paste that was slurry with beef balls in hand.

More than ten minutes later, police lights flashed in the distance, and several police cars drove towards the site of the incident, and one of the police cars had just stopped.

Bang!

Another flesh and blood body fell from the sky and hit the front windshield of the police car.

The instigator in charge of leading the team whispered: "Shet!"

Financial speculation makes money quickly and loses money very quickly. Especially when trading with high leverage, it may fluctuate back and forth by more than ten or twenty percentage points in a few minutes. No matter how powerful traders are, they may instantly lose their positions.

Especially those speculators who have invested a lot of money will really jump off the building once they lose all their money.

In this crude oil futures confrontation, many people followed Goldman Sachs to go long and were directly blasted by Huangshi International.

And Goldman Sachs headquarters.

The atmosphere was also terrible.

It's night in North America now, and even if you want to make some good news about crude oil, you can only wait for tomorrow morning.

But Goldman Sachs can't wait for tomorrow's sun. Even if you short, not many people are willing to take orders and bets because there are too many short orders on the market.

Another half an hour passed.

"Mr. President, I'm very sorry, UBS and Deutsche Bank refused to lend."

Lloyd was extremely exhausted. This time he lost, and he lost very thoroughly. He pressed his temples: "Rogers, arrange the personnel of the asset management department and prepare to sell the assets to pay off the debt!"

"Sir, please go to other banks..." Rogers said unwillingly.

But Lloyd shook his head: "They won't lend us money. If Goldman Sachs falls, they can buy our assets at a low price."

They also dealt with Lehman Brothers and Bear Stearns in this way back then. They took advantage of the subprime mortgage crisis, but they did not expect that today would be in turn.

Everyone knew Lloyd's decision, which was the best way at present. They had to pay off their previous bank loans to avoid debt defaults and be applied for coercive measures.

While Goldman Sachs suffered heavy losses.

Crude oil producers around the world have held internal emergency meetings to discuss how to deal with this matter. After all, the annual demand for 270 million tons of crude oil is difficult for them to give up.

Especially Amei Company, it even shot itself in the foot. It just paid a large penalty for liquidated damages, but it had to face the plunge in global crude oil prices and sharp decline in demand. Not to mention it was so depressed.

But now they have no choice.

After more than two hours of quarrel, the board of directors of Aramco finally decided to go to Chang'an to negotiate with the Energy Alliance.

The negotiation team was led by Chairman Arthur, President Armin and Senior Advisor Dowlin. It used Aramco's official plane to fly directly to Xianyang International Airport.

Amei Company responded quickly, while Russians in the north moved faster.
Chapter completed!