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Thai Oil Company estimates oil prices of $71-76 per barrel in 2022
Time of Update: 2023-03-21
Oil prices for all products are forecast to rise in 2022 due to the gradual recovery of the economy after the epidemic improves, the increasing demand for oil, and the shortage of gas and coal power, which has led more power companies to switch to more boiler oil.
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OPEC+ expects a significant oil glut in early 2022
Time of Update: 2023-03-21
According to an internal report seen by Reuters, OPEC+ expects a worse surplus than expected in the global oil market in the first quarter of 2022, which may give the organization another reason to suspend monthly supply increases, according to oil price network news on December 1.
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API: A slight decline in crude inventories failed to boost oil prices
Time of Update: 2023-03-21
According to today's oil price website on November 30, the American Petroleum Institute (API) reported a decline in crude oil inventories.
According to today's oil price website on November 30, the American Petroleum Institute (API) reported a decline in crude oil inventories.
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Crude oil trading reminder: The rise in panic caused oil prices to fall back to a two-month low, pay attention to the impact of OPEC meeting + EIA data
Time of Update: 2023-03-21
43 a barrel; As Moderna raised questions about the effectiveness of the new coronavirus vaccine against the new variant of Omicron, it caused panic in financial markets and heightened concerns about oil demand; And the Fed's consideration of accelerating the process of "tapering" large-scale bond purchases has also added some pressure to oil prices.
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Long crude oil stance firm! Goldman Sachs said OPEC+ is on schedule to increase production without changing the crude oil structural bull market
Time of Update: 2023-03-21
Goldman Sachs analysts said that although OPEC+ decided on Thursday to continue to increase production as planned, this decision will not destroy the ongoing structural bull market, and oil prices are still expected to rise.
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International oil prices rose by more than 4%, and the momentum for the future rise will gradually weaken
Time of Update: 2023-03-20
In addition, it is reported that Saudi Arabia raised the official selling price of crude oil sold to Asia and the United States in January next year by $0.
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Last week (Nov. 29-Dec. 3), U.S. crude inventories fell by 240,000 barrels, much smaller than expected
Time of Update: 2023-03-20
According to foreign news on December 8, the US Energy Information Administration (EIA) released a report on Wednesday showing that US crude oil inventories fell slightly last week, and gasoline and distillate inventories rose.
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Market fears of omicron faded, with U.S. oil posting its biggest weekly gain in more than three months
Time of Update: 2023-03-20
Meanwhile, the UK's Health Security Agency said a study of 581 people infected with the Omicron variant found that the ability of the new crown booster to prevent mild symptoms increased to about 70%-75%.
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Risk sentiment soared, API crude plunged 3 million barrels, U.S. oil rose more than 3%
Time of Update: 2023-03-20
87/barrel in 2021 and Brent crude oil prices are expected to be $70.
87/barrel in 2021 and Brent crude oil prices are expected to be $70.
87/barrel in 2021 and Brent crude oil prices are expected to be $70.
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EIA lowered its Brent spot oil price forecasts for this year and next
Time of Update: 2023-03-20
According to its latest STEO show, EIA now expects Brent crude oil spot prices to average $70.
According to its latest STEO show, EIA now expects Brent crude oil spot prices to average $70.
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Take a look at the fuel oil
Time of Update: 2023-03-20
Some high-viscosity fuel oil is produced from viscosity reduction residue oil, if the storage and use conditions are improper, there may be sedimentation, delamination and other phenomena, affecting oil supply and thermal efficiency.
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The new strain reignited demand concerns, with oil prices down $3 from a two-week high
Time of Update: 2023-03-20
The emergence of the Omicron variant caused the price of Brent crude oil to plunge by 16% from November 25 to December 1.
The emergence of the Omicron variant caused the price of Brent crude oil to plunge by 16% from November 25 to December 1.
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The international crude oil market was not affected by the mutant virus, and oil prices continued to rise
Time of Update: 2023-03-20
According to the website of the UAE "Manifesto", the price of the international crude oil futures trading market is still rising, on Thursday (December 9), in the New York trading market, West Texas Intermediate crude oil for January 2022 delivery rose 0.
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Crude Oil Weekly Review: Omicron is afraid of paper tigers, and oil prices ended six consecutive declines on a weekly basis!
Time of Update: 2023-03-20
The United States lowered its oil demand and oil price forecastsThe US government lowered its crude oil price forecast for the end of 2022 due to various travel restrictions triggered by the outbreak of the new coronavirus Omicron variant, which caused a short-term impact on global oil demand.
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The fluid performance of diesel
Time of Update: 2023-03-20
Because the freezing point of diesel is generally just within the range of daily ambient temperature changes, when the conditions of use are not appropriate, diesel will become a paste at low temperatures, resulting in the inability to supply fuel to the engine and affect the normal work of the diesel engine.
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Institutional analysis: Oil prices were boosted by Saudi Arabia's demand for oil bets
Time of Update: 2023-03-20
However, pessimistic forecasts still cast a shadow over the outlook for oil demand, with some analysts suggesting that WTI crude prices will fall below $60 per barrel.
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How much does it cost to avoid tight oil supply? $525 billion per year!
Time of Update: 2023-03-20
Recently, IHS Markit, based at the International Energy Forum (IEF) of Saudi Arabia's International Energy Forum and information analysis firm, said in a new report released this week that upstream oil and gas investment must rise to pre-pandemic levels, that is, about $525 billion per year, if the industry can ensure a balance between supply and demand.
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Close the net! Jiaojiang District, Taizhou City, Zhejiang Province, has eliminated a criminal gang of fake and shoddy refined oil products with sales of nearly 400 million yuan
Time of Update: 2023-03-20
After grasping the clues of the criminal suspects, on October 20 this year, the Jiaojiang Branch of the Taizhou Municipal Public Security Bureau, together with the Jiaojiang District Market Supervision and Administration Bureau and many other people, launched a centralized network collection operation, dispatched more than 100 law enforcement personnel, and divided more than 20 groups of soldiers into more than 20 groups to carry out centralized arrests in Hongjia, Yaolan, Huangyan, Ningbo, Zhoushan, and other places in Jiaojiang.
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Danzhou Coast Guard Bureau of Hainan Province cracks down on smuggling at sea! 10 tons of refined oil products from smuggled oil tankers were seized
Time of Update: 2023-03-20
Recently, the Danzhou Coast Guard Bureau of Hainan Province continued to increase the intensity of law enforcement patrols and control in the sea area, and successfully seized a suspected smuggling of refined oil products, 7 people involved in the case, and about 10 tons of refined oil, effectively cracking down on various illegal and criminal activities at sea.
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Oil demand has yet to be hit by Omicron, and EIA has cut its oil price forecast for next year
Time of Update: 2023-03-20
S. government lowered its crude oil price forecast through the end of 2022 due to the short-term impact on global oil demand triggered by various travel restrictions triggered by the outbreak of the omicron variant of the new coronavirus.
