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Oman's oil minister: OPEC+ does not want to see oil prices rise to $100
Time of Update: 2023-03-15
Oman's oil minister said OPEC and its allies do not want crude prices to climb to $100 a barrel and are quickly resuming production to prevent global markets from "overheating".
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The outlook for crude oil futures is positive
Time of Update: 2023-03-15
In the case of open positions and increased volume, the door is opened for continued higher.
In the case of open positions and increased volume, the door is opened for continued higher.
In the case of open positions and increased volume, the door is opened for continued higher.
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What is oil field water injection
Time of Update: 2023-03-15
Therefore, in the process of oilfield development, it is necessary to maintain a reasonable reservoir pressure to maintain high yield and stable production of oilfields and wells, so as to achieve the purpose of improving oilfield recovery and oilfield development efficiency.
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EIA crude inventories fell to a three-year low, and U.S. oil rose nearly 2 percent to a nearly two-month high
Time of Update: 2023-03-15
Earlier, both the International Energy Agency (IEA) and the US Energy Information Administration (EIA) hinted that the market supply may be tighter than previously expected, and government reports showed that US crude oil inventories fell sharply last week, which made oil prices volatile to the upside.
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The FPSO market is expected to grow strongly this year
Time of Update: 2023-03-15
In 2022, the FPSO project with the largest production capacity is also expected to appear in Brazil.
In 2022, the FPSO project with the largest production capacity is also expected to appear in Brazil.
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Crude oil futures fell as Libyan production resumed amid concerns about demand
Time of Update: 2023-03-15
On Monday (January 10), international crude oil futures fell as the rapid spread of the Omicron variant around the world raised concerns about demand; Libyan production resumed growth after pipeline repairs.
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The first set of Kunlun lubrication continuous clean production technology low-viscosity PAO device in China was successfully tested
Time of Update: 2023-03-15
The complete set of continuous clean production technology of low viscosity PAO lubricating oil base oil is jointly developed by PetroChina Petrochemical Research Institute (hereinafter referred to as Petrochemical Institute) and Kunlun Lubrication, which is an important achievement of the national key research and development plan project "Key Technology Research and Application of High Performance Lubricant Production".
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Market concerns about oil demand outlook International oil prices fell significantly on January 13
Time of Update: 2023-03-15
On the same day, the market continued to digest last week's oil inventory data released by the US Energy Information Administration on January 12, and the sharp increase in gasoline inventories made the market worried about the impact of the epidemic on oil demand.
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The international oil market will usher in new opportunities for supply and demand improvement
Time of Update: 2023-03-15
The good performance boosted the investment of international oil companiesIn 2021, with the improvement of the global epidemic and the recovery of demand, coupled with the slow release of production capacity in oil-producing countries, international oil prices rebounded from their lows, soaring from $50/barrel at the beginning of the year to a maximum of $85/barrel, a new high in nearly seven years.
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SGS: CSPC practices "three standards" integrated management to achieve system management integration
Time of Update: 2023-03-15
Recently, SGS, an internationally recognized testing, inspection and certification organization, issued ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 management certificates to CSPC Petrochemical C
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Omicron's impact on the market is weakening Oil prices rushed to four weeks at the beginning of the year
Time of Update: 2023-03-15
There are signs that demand for crude oil is becoming strong as global markets recover from the impact of the Omicron variant.
There are signs that demand for crude oil is becoming strong as global markets recover from the impact of the Omicron variant.
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The refined oil quality rapid detection vehicle was put into use
Time of Update: 2023-03-15
In September 2020, the Provincial Market Supervision Bureau decided to carry out a pilot project on the capacity building of refined oil rapid inspection and screening in Langfang City.
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Crude Oil Prices under OPEC+ Control: A Review of the Crude Oil Market in 2021
Time of Update: 2023-03-15
Although OPEC+ insisted that it would abide by its commitment to gradually increase production in July last year, the increase still failed to meet market demand, directly contributing to the surge in oil prices in October.
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International oil and gas prices rose significantly last week
Time of Update: 2023-03-15
Demand in Asia was relatively flat last week, but natural gas prices rose significantly due to European markets.
Demand in Asia was relatively flat last week, but natural gas prices rose significantly due to European markets.
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On Tuesday (January 11), Brent oil prices rose to $82 and WTI oil prices were $79
Time of Update: 2023-03-15
Oil prices rose to around $82 per barrel on Tuesday (Jan. 11), supported by tight supply and hoping that the increasing coronavirus cases and the spread of the Omicron variant would not disrupt the recovery of global demand, OE reported on January 11.
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EIA crude oil inventories fell more than expected, and U.S. oil jumped $0.4 short-term
Time of Update: 2023-03-15
S. EIA showed that commercial crude oil inventories in the United States, excluding strategic reserves, fell more than expected in the week ended January 7, but refined oil inventories and gasoline inventories increased more than expected.
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Driven by both supply and demand, how will the lubricant market be in 2022?
Time of Update: 2023-03-15
Raw material prices run at a high level and the expectation of an increase is still thereFrom the cause of the increase in the price of lubricants last year, the rise in upstream prices, especially the price of raw materials such as international crude oil and additives, is the main driving factor.
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What is oil layer damage
Time of Update: 2023-03-15
These engineering operations require a variety of working fluids, which will invade the formation to varying degrees, and the physical and chemical reaction with the oil layer will reduce the permeability of the oil layer, resulting in a decrease in the production capacity of the oil and gas layer, and even the oil and gas cannot be recovered, which is the oil layer damage, also known as the formation (reservoir) injury.
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Can the world avoid a global oil supply contraction?
Time of Update: 2023-03-15
• As spare capacity continues to dwindle and reserve replacement rates decline, the world could soon face severe oil supply shortages• In 2021, the number of new oil and gas deposits found is likely t
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International oil prices are facing the risk of falling oil demand, and they are wary of the hawkish Fed hitting crude oil bulls
Time of Update: 2023-03-15
Crude Oil Price Forecast: Oil prices are lower in broad safe-haven trading, but volatility is weakening; Fed Chairman Jerome Powell will attend a Senate hearing, data may indicate weaker demand; Key chart resistance is around $80/b and support is above $75/b.
