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OPEC+ lowered its oil market surplus forecast for the quarter
Time of Update: 2023-03-16
Just a day before OPEC and its allies were considering another production increase, the organization lowered its estimate of the global oil market surplus for the quarter, Energiesnet reported on January 3.
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How to manage self-injection wells
Time of Update: 2023-03-16
The other type is to rely on the energy of the oil layer itself to spray oil to the ground, called self-injection oil production method.
The other type is to rely on the energy of the oil layer itself to spray oil to the ground, called self-injection oil production method.
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The Omicron strain may increase international oil price uncertainty
Time of Update: 2023-03-16
PVM oil brokerage analyst Tamas Varga also said that due to the epidemic, international oil prices have limited room to rise, and investors may sell crude oil futures due to new prevention and control measures.
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BSI issues product carbon footprint certificates for Unified High Pressure Hydraulic Fluids and China VI Engine Oils
Time of Update: 2023-03-16
BSI issues product carbon footprint certificates for Unified High Pressure Hydraulic Fluids and China VI Engine OilsIndustry-leading carbon seekers help achieve the dual carbon goalsUnipec is a leading lubricant manufacturer in China and a low-carbon lubrication solution provider in China.
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In 2022, the price of Brent crude oil is expected to rise to $80-90
Time of Update: 2023-03-16
Oil prices rose above $78 a barrel on Monday, supported by tight supply and hopes for a further recovery in demand in 2022, although OPEC+ appears set to agree to further increase production and concerns persist about the impact of rising coronavirus cases on demand, as reported Jan. 3 London.
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OPEC+ increases crude supply Brent crude oil prices are close to $80 a barrel
Time of Update: 2023-03-16
Facts Global Energy, a consultancy, said crude supply disruptions totaling nearly 1 million barrels per day in recent weeks, including Ecuador and Nigeria.
Facts Global Energy, a consultancy, said crude supply disruptions totaling nearly 1 million barrels per day in recent weeks, including Ecuador and Nigeria.
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ExxonMobil announces two new oil exploration discoveries in Guyana
Time of Update: 2023-03-16
According to today's oil price website January 5, US oil giant ExxonMobil said on Wednesday that the company found two more oil sites in the Stabroek block off Guyana, which increased the previously published estimate of the block's 10 billion barrels of oil equivalent recoverable resources.
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The OPEC+ alliance and North America faced supply constraints, with U.S. oil up more than 2 percent to a nearly seven-week high
Time of Update: 2023-03-16
In North Dakota's Bakken Shale Basin, production also began to suffer from cold weather, causing local crude prices to rise to their highest level since November.
In North Dakota's Bakken Shale Basin, production also began to suffer from cold weather, causing local crude prices to rise to their highest level since November.
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Important players in the oil market to go offline? The world's largest oil hedging deal is in danger of shrinking
Time of Update: 2023-03-16
Mexico hedges every year to lock in crude oil export prices, making the Mexican Treasury one of the largest sellers of forward oil contracts.
Mexico hedges every year to lock in crude oil export prices, making the Mexican Treasury one of the largest sellers of forward oil contracts.
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Demand worries fade Oil market sentiment turns optimistic
Time of Update: 2023-03-16
UAE national oil company ADNOC will soon undergo a major expansion of crude storage capacity in the country's largest port, Fujairah, which is housed in underground caverns with a total of 42 million barrels of storage space.
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Oil prices hit their highest level since late November, boosted by three positive trends
Time of Update: 2023-03-16
International oil prices rebounded for the second week in a row, updating their highest level since late November, with crude oil rising above the $80 mark, buoyed by the global economy's recovery from the pandemic-induced recession, as well as subdued production and a worsening geopolitical situation, despite record highs in global coronavirus infections.
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Zhejiang's sales of oil products exceeded 3 million tons
Time of Update: 2023-03-16
Under the premise of ensuring project safety and quality control, the seamless connection between project construction and project operation is achieved by actively coordinating and promoting the "five optimizations" of the whole process management of the project, improving the assessment mechanism, and replicating and promoting the "six-step method of opening".
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The price of the international crude oil market rose above the $80 mark per barrel
Time of Update: 2023-03-16
OPEC and non-OPEC producers are discussing canceling a 10 million barrel-per-day agreement reached in 2020 to cut production as international demand for crude oil and prices have recovered from the recession caused by the pandemic.
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Supply tightness, Omicron fears recede Crude oil closed sharply higher at a two-month high
Time of Update: 2023-03-15
, the lead company of the tengizchevron consortium, said production from Kazakhstan's Tengiz oil field, which produces 600,000 barrels per day, has returned to normal after being interrupted last week by unrest.
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Weighed down on profit-taking and Fed interest rate hike concerns, Brent crude oil prices fell to the 84 mark
Time of Update: 2023-03-15
Although crude inventories fell more than expected, the report also showed that refined product demand was hit by Omicron.
Although crude inventories fell more than expected, the report also showed that refined product demand was hit by Omicron.
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Is it not a dream for oil prices to break 100? Lack of supply will be the backbone of crude oil bulls
Time of Update: 2023-03-15
Bears believe that the oil market will be oversupplied this year, oil inventories will rise, and OPEC+ may need to consider a new round of production cuts.
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European oil companies have sought to slim down this year, cut oil production and improve shareholder returns, and the oil market has entered a deep contrarian spread
Time of Update: 2023-03-15
Europe's big oil companies are planning to use the windfall from high oil prices to slim down, and a sharp drop in oil inventories and optimism about a recovery in demand have pushed Brent and U. S. c
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International oil prices rose slightly, and the supply side faced triple uncertainty
Time of Update: 2023-03-15
S. energy companies continue to add oil and gas platforms in the new year, capacity increases remain difficult, so production is expected to slow in 2021.
S. energy companies continue to add oil and gas platforms in the new year, capacity increases remain difficult, so production is expected to slow in 2021.
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In 2022, the first batch of crude oil non-state trade import permits will be issued
Time of Update: 2023-03-15
In terms of refining and chemical entities, the first batch of quotas for traditional georefinery (including China Chemical Industry) was issued a total of 61.
In terms of refining and chemical entities, the first batch of quotas for traditional georefinery (including China Chemical Industry) was issued a total of 61.
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Maoming Petrochemical's annual refined oil railway outbound volume increased by 45% year-on-year
Time of Update: 2023-03-15
In 2021, Maoming Petrochemical actively optimized the product structure and the loading and factory process of refined oil railways, producing and selling high value-added products such as gasoline, c
