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Oil traders believe that oil prices will continue to rise
Time of Update: 2023-03-27
Oil futures spread and time skew (SKEW) analysis shows a bullish outlook for oil prices as traders reflect expectations of falling inventories.
Oil futures spread and time skew (SKEW) analysis shows a bullish outlook for oil prices as traders reflect expectations of falling inventories.
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Domestic crude oil futures rose 0.59% on October 11, 2021
Time of Update: 2023-03-27
On October 11, the Shanghai International Energy Exchange Center daytime crude oil futures range-bound, active trading, and reduced positions.
On October 11, the Shanghai International Energy Exchange Center daytime crude oil futures range-bound, active trading, and reduced positions.
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Boosted by energy crisis fears New York crude broke through the $70 mark for the first time in seven years
Time of Update: 2023-03-27
Saudi Aramco reported last week that crude oil demand increased by 500,000 barrels per day due to a sharp rise in natural gas prices.
Saudi Aramco reported last week that crude oil demand increased by 500,000 barrels per day due to a sharp rise in natural gas prices.
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The fuel crisis continues, the risk of power outages increases, and the momentum of oil price increases unabated
Time of Update: 2023-03-27
Qatar, the world's largest producer of liquefied natural gas (LNG), told customers on Monday it could not help lower energy prices and supply more fuel to the market; Craig Erlam, senior market analyst at OANDA, said there is still plenty of momentum behind the oil rally, fundamentals remain extremely favorable, and would it be a surprise to see oil prices return to triple digits later this year?
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Seven consecutive yangs! Energy crisis + tight supply, bulls continue to "attack the city"
Time of Update: 2023-03-27
" ”European gas prices hit records, and a number of British energy companies went out of businessThis week's global gas supply shortages have pushed natural gas prices to new record highs and provided momentum for oil prices, as soaring natural gas prices in Europe have prompted power generators to switch to oil to generate electricity, boosting demand for crude oil for power generation this winter.
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International crude oil prices continue to rise! The average gasoline price in Japan rose for five consecutive weeks, hitting a three-year high
Time of Update: 2023-03-27
6 billion yuan, in addition to the decline in automobile exports, the increase in oil imports caused by rising oil prices was also an important factor in the deficit.
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Oil prices have broken through the $80 tipping point, why do experts say this time will not destroy demand?
Time of Update: 2023-03-27
On October 11, oil analyst Tsavetana Paraskova wrote that the $80 oil price would not hit demand, and analyzed the reasons behind it: by the end of this year, global oil demand is expected to return to pre-epidemic levels; U.
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In the ranking of global oil reserves, Saudi Arabia's oil reserves are not the first
Time of Update: 2023-03-27
Saudi Arabian oil is of good quality, mainly light oil, and Saudi Arabian crude oil extraction costs are very low, averaging less than $10 per barrel, which is why sales volume is the first in the world.
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Shipowner costs intensify: oil prices rise to seven-year high!
Time of Update: 2023-03-27
In addition, soaring natural gas prices are increasing demand for crude oil, prompting investment banks (ANZ) to raise their oil demand forecast for the fourth quarter of 2021 by 450,000 b/d.
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Natural gas crisis spread around the world, crude oil or will benefit from this?
Time of Update: 2023-03-27
JPMorgan Chase & Co. recently said that the worsening natural gas crisis in Asia and Europe will stimulate more power plants to switch to oil-based fuels, pushing crude oil prices to $84 a barrel by the end of the year.
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Citi raises oil price forecast, saying Brent crude could hit $90 a barrel this winter
Time of Update: 2023-03-27
Analysts such as Citi's Ed Morse noted in a note that they raised their fourth-quarter Brent crude price forecast to $85 a barrel and said oil prices could hit $90 a barrel this winter.
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Propane debitumene
Time of Update: 2023-03-27
Using the selective solubilization characteristics of propane for different components in oil, non-ideal components and harmful substances in residual oil can be removed, and deasphalt oil with low content such as residual carbon value, heavy metal, sulfur and nitrogen can be obtained as lubricating oil raw materials.
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7.57 tons! Qinghai refined oil market was investigated
Time of Update: 2023-03-27
34 cases of violations of laws and regulations were filed and investigated3,098,300 yuan of fines and forfeitures were collected7. 57 tons of unqualified oil products were investigated and handledRece
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Fuel prices have risen more than expected, or forced the acceleration of the popularization of new energy to end the oil era
Time of Update: 2023-03-27
Since the beginning of this year, global conventional energy prices have risen across the board, driven by natural gas, and oil and coal prices have also reached new highs due to the emergence of alternative demand.
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The energy shortage sparked concerns about economic recovery, and U.S. crude oil traded volatile to close above $80
Time of Update: 2023-03-27
Rebecca Babin, senior energy trader at CIBC Private Wealth Management, said it was difficult to predict what would happen when natural gas prices in Europe reached the equivalent of $250 a barrel of crude oil.
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How to prevent a serious shortage of oil supply? Moody's: Exploration companies have at least that amount of drilling budget
Time of Update: 2023-03-27
Citing estimates from the International Energy Agency, Moody's said oil and gas companies are expected to spend $352 billion on drilling and related activities this year.
Citing estimates from the International Energy Agency, Moody's said oil and gas companies are expected to spend $352 billion on drilling and related activities this year.
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Petroleum Coke Industry Committee signed a strategic framework agreement with Beibu Gulf Port China Petroleum Coke Circulation Standard Library officially set sail
Time of Update: 2023-03-27
China Petroleum Coke Circulation Standard Library Beibu Gulf Demonstration Warehouse has landed, and has achieved phased results, I hope that all parties can take this as a starting point, better carry out in-depth cooperation, continue to make phased breakthroughs, the trading center will definitely give full play to its own advantages, and cooperate with all parties to jointly promote the digital development of China's basic energy.
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The crude oil market is embroiled in a broad rally across the energy sector
Time of Update: 2023-03-27
Is it good or bad for energy demand?Spread and Gap (SKEW) analysis of crude oil futures showed a stronger bullish outlook for oil prices as traders reflected expectations of falling inventories.
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WTI crude oil prices broke through $81
Time of Update: 2023-03-27
The conversion of natural gas to crude oil is also evident in increasing the profitability of diesel and fuel oil production in European refineries.
The conversion of natural gas to crude oil is also evident in increasing the profitability of diesel and fuel oil production in European refineries.
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September 2021 China coastal crude oil and refined oil transportation market analysis report
Time of Update: 2023-03-27
On September 30, the freight rate index of refined oil goods released by the Shanghai Shipping Exchange was 1384.
On September 30, the freight rate index of refined oil goods released by the Shanghai Shipping Exchange was 1384.
