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Canadian Overseas Petroleum Corporation discovered light oil in the United States
Time of Update: 2023-03-15
Arthur Millholland, President and CEO of COPL, said: "We acquired Atomic Oil & Gas in January 2021 and we realized the great potential of exploration, but the rationale and financial model of the acquisition reflects the long-term production flow of 5,000 bpd from existing wells.
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After OPEC+ continues to increase production...
Time of Update: 2023-03-15
On January 4, local time, a new round of OPEC and non-OPEC producers (OPEC+) meetings announced that major oil producers will continue to implement the decision to increase production by 400,000 barrels per day.
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Demand concerns reignited and Libyan production increased, and oil fell for the second day in a row to close near the 81 mark
Time of Update: 2023-03-15
Demand concerns over a rapid increase in global cases of infection with the Omicron variant and the recovery of oil production in Libya and Kazakhstan have added to the downward pressure on oil prices.
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ExxonMobil Guyana's offshore made two oil discoveries
Time of Update: 2023-03-15
Mike Kazens, ExxonMobil's senior vice president of exploration and new projects, said: "The preliminary results of these two wells are a positive signal for Guyana and further demonstrate the growing potential of the country's oil and gas industry.
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Crack down on refined oil products that evade consumption tax
Time of Update: 2023-03-15
At present, some production enterprises directly change the name of refined oil for sale, but the tax department is not familiar with the refining business and laboratory links, and cannot find out the tax evasion of the enterprises involved.
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Analyst: Oil prices may rise to $100 in 2022 as supply growth struggles to meet demand
Time of Update: 2023-03-15
Jeffrey Halley, senior market analyst at OANDA, said, "Assuming that the Chinese economy does not slow down sharply, the impact of Omicron will fade, and OPEC+ production increase capacity is significantly limited, I see no reason why Brent crude oil should not rise towards $100 in the first quarter, and possibly sooner.
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Asian distillate light oil cash premium fell on weak spot market trading
Time of Update: 2023-03-15
The cash premium for light oil containing 10 ppm of sulphur fell to 73 cents a barrel compared to 86 cents a barrel on Friday.
The cash premium for light oil containing 10 ppm of sulphur fell to 73 cents a barrel compared to 86 cents a barrel on Friday.
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Equinor found oil near existing infrastructure in the North Sea
Time of Update: 2023-03-15
The Norwegian company said Toppand is the fifth discovery in the region and that proven resources could exceed 300 million barrels of oil equivalent.
The Norwegian company said Toppand is the fifth discovery in the region and that proven resources could exceed 300 million barrels of oil equivalent.
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Sinopec Great Wall Lubricants contributes green power to create a new industrial ecology
Time of Update: 2023-03-15
This is not only the standard for serving the Winter Olympics, but also an important measure to promote energy conservation, carbon reduction, and synergy, which is starting from green transportation, green energy and green production, handing over an answer sheet for "low-carbon and high-quality" development, focusing on serving the national strategy and the development of various industries to actively create a new ecology in the field of lubricants.
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Oil prices surged 6.7 percent this week, supported by a cold snap and limited OPEC capacity
Time of Update: 2023-03-14
Oman's oil minister said OPEC+ does not want crude prices to climb to $100 a barrel and is quickly resuming production to prevent global markets from "overheating".
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OPEC's monthly report released optimistic expectations, and oil prices continued to be strong
Time of Update: 2023-03-14
Overall, OPEC's monthly report was in line with market expectations, and oil prices were also reflected before, so the overall impact on the market was moderate.
Overall, OPEC's monthly report was in line with market expectations, and oil prices were also reflected before, so the overall impact on the market was moderate.
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Future oil and gas growth poles at sea? Investment continues to increase The contribution to new reserves is increasing
Time of Update: 2023-03-14
4% year-on-year, accounting for about 80% of the national crude oil increase; Natural gas production exceeded 20 billion cubic meters, up about 6.
4% year-on-year, accounting for about 80% of the national crude oil increase; Natural gas production exceeded 20 billion cubic meters, up about 6.
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Brazil will lead Latin America to become a global investment hotspot in the oil and gas sector in 2022
Time of Update: 2023-03-14
Brazil's "Economic Value" reported on January 13 that energy sector research firm Rystad Energy predicts that global investment in oil and gas is expected to reach $628 billion this year, an increase of 4% over last year, and the industry is expected to gradually get rid of the impact of the new crown epidemic and the Omicron variant.
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Oil prices rise and market supply tightens
Time of Update: 2023-03-14
On Monday (January 17), a fire broke out at the main international airport in Abu Dhabi, the capital of the United Arab Emirates, and fuel tanker trucks in a nearby industrial area caught fire, in one of the largest attacks to date in the UAE mainland.
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Average 1.2 million barrels per day Iran saw impressive growth in oil sales in 2021
Time of Update: 2023-03-14
Iran's oil minister said sales of Iranian crude oil, natural gas condensate and petrochemicals have risen sharply in the past 10 months.
Iran's oil minister said sales of Iranian crude oil, natural gas condensate and petrochemicals have risen sharply in the past 10 months.
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International Oil Market New Year Achieves a "Good Start"
Time of Update: 2023-03-14
The rebound of the two international benchmark oil prices reflects a reality: although the new crown pneumonia epidemic is still spreading around the world, energy consumption levels have not been greatly affected, especially in Europe and the United States, oil and gas supplies are still very tight.
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Three bold predictions for the oil market in 2022
Time of Update: 2023-03-14
Year of dividendsWith oil producers tightly controlling capital expenditures, they are generating significant free cash flow at current prices.
Year of dividendsWith oil producers tightly controlling capital expenditures, they are generating significant free cash flow at current prices.
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Reasons for bullish oil prices in 2022
Time of Update: 2023-03-14
OPEC+ is still far from reaching its total quotaThe upcoming oil glut may be much less than expected The downward pressure on oil prices is likely to be much smaller this yearDemand remains strong The
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Will the oil market finally find balance in 2022?
Time of Update: 2023-03-14
However, according to the Energy Information and Analysis report, EIA believes these increases will decline throughout the year as global supply outpaces demand as soon as the second quarter.
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Last week (January 10-14), international oil prices rose significantly
Time of Update: 2023-03-14
Global oil demand has remained strong recently, fears of Omicron weakening demand have eased, while OPEC oil capacity is limited and supply growth is slow.
Global oil demand has remained strong recently, fears of Omicron weakening demand have eased, while OPEC oil capacity is limited and supply growth is slow.
