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Increased demand and reduced inventories pushed up U.S. distillate prices
Time of Update: 2023-03-06
According to the US Energy Information Administration (EIA), rising crude oil prices, lower refinery production and increased distillate consumption have led to the highest nominal price of distillates (adjusted for inflation) since 2014, according to the US Energy Information Administration (EIA).
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Oil prices surged to their highest level since 2008
Time of Update: 2023-03-06
In the minutes leading up to Sunday's trading, both benchmark crude prices rose to their highest levels since July 2008, with Brent at $139.
In the minutes leading up to Sunday's trading, both benchmark crude prices rose to their highest levels since July 2008, with Brent at $139.
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Beijing urged state-owned refineries to suspend exports of gasoline and diesel in April
Time of Update: 2023-03-06
The Chinese government has asked state-owned refiners to consider suspending gasoline and diesel exports in April as supply concerns over the war in Ukraine have sparked supply concerns, three people familiar with the matter said Wednesday.
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The "oil war" is here again! What will happen to oil prices next?
Time of Update: 2023-03-06
President Joe Biden signed an executive order at the White House on March 8 announcing that the United States has banned imports of Russian oil, liquefied natural gas and coal due to Ukraine.
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Italy's Eni Group stopped buying oil from Russia
Time of Update: 2023-03-06
Earlier, on the 7th local time, European Commission President von der Leyen and Italian Prime Minister Mario Draghi met in Brussels, and the two sides said that they were planning further sanctions against Russia and seeking more energy supplies to reduce Europe's dependence on Russia.
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The Bureau of Commerce of Zunyi City, Guizhou Province, announced the change of investment entities at the ramp crossing of Fenggang Heba Expressway
Time of Update: 2023-03-06
In accordance with the relevant provisions of the Administrative Licensing Law and the Detailed Rules for the Implementation of the Administration of the Refined Oil Market in Guizhou Province, after
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Summary: Multiple factors caused international oil prices to plunge by more than 10%
Time of Update: 2023-03-06
John Kilduff, founding partner of Reinvest Capital Management, pointed out that oil prices exceeded $130 per barrel in previous days reflecting the market's concerns about the complete interruption of Russian oil supplies, OPEC's insistence on not increasing additional production, and the continued deterioration of the situation in Ukraine.
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Gasoline prices in Spain hit record highs for six consecutive weeks
Time of Update: 2023-03-06
680 euros per liter this week, and the price of gasoline hit a record high for the sixth consecutive week; the average price of diesel in Spain reached 1.
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Rise! Oil enterprises become the "main force" of CCUS project construction
Time of Update: 2023-03-06
The meeting pointed out that PetroChina will organize and promote the construction of 3 million tons of CCUS large-scale application demonstration projects, strengthen the layout of CCUS industry, accelerate the large-scale application of CCUS, and promote the green and low-carbon development of oil and gas business.
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Britain and the United States announced the Russian oil blockade measures on the same day, and Putin immediately signed a counter-decree
Time of Update: 2023-03-06
The statement details the contents of the executive order, including:ban on imports of Russian crude oil and certain petroleum products, liquefied natural gas and coal;Ban new U.
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Outburst! The United States announces the banning of Russian oil! International oil prices or will exceed $300!
Time of Update: 2023-03-06
Shortly before Biden's speech, the United Kingdom also announced plans to stop importing Russian oil and corresponding petroleum products by the end of 2022 to further strengthen sanctions against Russia, while giving the market and enterprises enough time to find alternatives to Rosneft, and it is expected that the United Kingdom will gradually adjust its oil purchases from the United States and the Middle East.
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Crude oil: weak shock, wait and see for the time being
Time of Update: 2023-03-06
In the past week, internal and external oil prices have reached new highs and ushered in the most violent volatility in the past year. Among them, the two oil in the outer disk once approached 140 US
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International crude oil soared to a 14-year high, the rally is difficult to subside?
Time of Update: 2023-03-06
With Iran and Venezuela under sanctions from developed countries in Europe and the United States, Russian crude oil production plays a crucial role in the global supply of crude oil.
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India is considering discounting prices for commodities such as Russian oil, and Belarus and Russia will give up the dollar in energy trading
Time of Update: 2023-03-06
According to two anonymous Indian officials, India is considering accepting Russia's offer to buy the latter's crude oil and other commodities at a discounted price and will set up a mechanism to pay in Indian rupees and Russian rubles, which would circumvent Western sanctions.
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U.S. inflation hits 40-year high, causing market concern Oil prices fell below $110
Time of Update: 2023-03-06
On that day, neither OPEC+ nor the conflict between Russia and Ukraine made any new developments, and the broader market trend became the focus, and oil prices showed a typical inverse relationship with the US dollar.
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Russia-Ukraine tensions intensify, energy price volatility Crude oil futures closed lower for two consecutive days
Time of Update: 2023-03-06
Crude oil prices rose early Thursday as the UAE energy minister downplayed claims of an increase in output by the Organization of the Petroleum Exporting Countries (OPEC).
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China's largest crude oil production base Bohai Oilfield has produced more than 500 million tons of oil and gas
Time of Update: 2023-03-06
In 2021, the crude oil output of Bohai oilfield reached 30.
In 2021, the crude oil output of Bohai oilfield reached 30.
In 2021, the crude oil output of Bohai oilfield reached 30.
In 2021, the crude oil output of Bohai oilfield reached 30.
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The Prime Minister of New Zealand announced a number of measures such as cutting fuel taxes in response to rising oil prices
Time of Update: 2023-03-06
On March 14, local time, New Zealand Prime Minister Ardern announced a reduction in fuel taxes, with a tax reduction of 25 cents per liter of fuel (1 New Zealand dollar = 100 points), temporarily for three months.
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Geopolitical conflict changes crude oil supply and demand The demand for enterprise risk management surges
Time of Update: 2023-03-06
) This theoretical spread formula, is a good choice for risk management in China and the entire Northeast Asia crude oil industry。With further geopolitical tensions, market concerns about crude oil supply are increasing.
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Scientifically improve the oil and gas resources management system, and stabilize the cornerstone of national energy security!
Time of Update: 2023-03-06
Oil and gas resources occupy a pivotal position in China's energy resource structure and have always been regarded as strategic mineral resources to ensure national energy security. The importance of
