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Tight supply concerns continue crude oil closed higher New Zealand oil hit a new high in more than seven years
Time of Update: 2023-03-25
”Russian Deputy Prime Minister Alexander Novak said on Monday (Oct. 25) that he expects OPEC+ to agree next week to increase production by another 400,000 barrels per day in November, in line with the timetable agreed earlier this year.
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Iran and the EU prepare to restart nuclear negotiations before the end of November, crude oil fell in response!
Time of Update: 2023-03-25
" ”"This week's Iranian nuclear agreement negotiations have brought new progress, in the current OPEC+ production willingness is not strong, the Iranian nuclear agreement negotiations have become one of the means for the United States to suppress oil prices, if Iran's crude oil production is released, it will bring certain pressure to the global oil supply side next year.
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The 2021 oil price rally is far from over
Time of Update: 2023-03-25
The International Energy Agency (IEA) said last week that OECD business inventories in August were 162 million barrels below the five-year average before the pandemic.
The International Energy Agency (IEA) said last week that OECD business inventories in August were 162 million barrels below the five-year average before the pandemic.
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Rising inventories have dragged oil prices down, but the rise in oil prices under the mismatch between supply and demand may not be over
Time of Update: 2023-03-25
Oil prices fell on Wednesday (Oct. 27) after industry data showed crude oil inventories rose more than expected and U.
Oil prices fell on Wednesday (Oct. 27) after industry data showed crude oil inventories rose more than expected and U.
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Notice of the Commerce Bureau of Laibin City, Guangxi Zhuang Autonomous Region, on the preparation of the "14th Five-Year Plan" development plan for the sales system of refined oil products (2021-2025).
Time of Update: 2023-03-25
Economic and Trade Bureaus of Counties (Cities, Districts):In order to adapt to the development of Laibin City's economy, society and urban transportation, meet the needs of the people's production and life, scientifically plan the development layout of the city's gas station industry, and according to the work deployment of the Municipal Party Committee and the Municipal Government, decide to compile the "14th Five-Year" development plan for the refined oil sales system in Laibin City (2021-2025).
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The theory of oil and gas geology and exploration in superimposed basins is the next generation of comprehensive exploration theory in China
Time of Update: 2023-03-25
Therefore, the oil and gas geological theory of China's superimposed basins or multi-spin superimposed basins has such the above characteristics, which condenses the painstaking efforts of the majority of petroleum geology workers.
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What important events has been experienced in the establishment of the theory of oil and gas geology in superimposed basins?
Time of Update: 2023-03-25
The theory of oil and gas geology in China's superimposed basins has experienced the joint efforts and arduous practice of three generations of petroleum geologists, and is the common crystallization
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U.S. crude inventories surged by 4.3 million barrels last week, sending oil prices tumbling 3%
Time of Update: 2023-03-25
Phil Flynn, senior market analyst at Price Futures Group, said everyone is looking at crude oil inventory data because refiners are currently consuming Cushing oil at an incredible rate.
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State-owned oil enterprises have taken more resolute measures to help ensure the supply and price stability of refined oil products
Time of Update: 2023-03-25
Starting in November, the two state-owned oil companies will gradually increase the crude oil processing capacity of most of their refineries, while further improving the yield of refined products and the ratio of fuel to gas, and the increase in gasoline and diesel production will be significantly enhanced.
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Economic growth concerns intensified, with U.S. crude tumbling as much as 3 percent for its biggest drop in two weeks
Time of Update: 2023-03-25
Oil prices plunged to a one-week low as concerns about global economic growth intensified, coupled with the news released by the National Oceanic and Atmospheric Administration that winter temperatures in most parts of the United States are expected to be above average.
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Against the backdrop of the supply gap, Wall Street is shouting that oil prices will be high for a long time
Time of Update: 2023-03-25
S. shale gas boom has brought long-term and low-priced oil to the market, the current focus on climate change and declining willingness to invest in fossil fuels has led to an increase in demand for oil while supply has not increased, and producers are also facing spending pressures, resulting in a structural underinvestment in new products.
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Sales of refined oil products in Jiuquan City, Gansu Province, in September 2021
Time of Update: 2023-03-25
Statistics from PetroChina and Sinopec Jiuquan Sales Company show that from January to September 2021, the two companies have sold 308128 tons of refined oil, an increase of 4% over last year; Among them, gasoline increased by 10% year-on-year; Diesel sales were essentially unchanged from the same period last year.
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U.S. crude oil inventories are in a hurry! There was a "$100" signal for oil prices
Time of Update: 2023-03-25
Time spreads, which measure the health of the crude oil market, have soared to a multi-year high and have now affected Brent prices.
Time spreads, which measure the health of the crude oil market, have soared to a multi-year high and have now affected Brent prices.
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OPEC+ initially forecasts tighter global oil supply in the fourth quarter
Time of Update: 2023-03-25
With just a week to go before the next production meeting, OPEC+ expects global oil markets to tighten supply this quarter.
With just a week to go before the next production meeting, OPEC+ expects global oil markets to tighten supply this quarter.
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Businesses are increasingly dependent on oil and miners
Time of Update: 2023-03-25
According to Bloomberg reported on October 25, after Saudi Arabia urged caution to boost supply, Brent crude oil prices rose to $86 per barrel, while the market structure of the jaw-dropping rebound deepened.
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Oil prices rise first and then fall! OPEC+ is pitted against the White House, and the United States may use crude oil inventories to drive down oil prices
Time of Update: 2023-03-24
Goldman Sachs said that the global oil market is still undersupplied, and OPEC+ is publicly arguing with the United States over crude oil production, and oil price volatility is expected to intensify in the coming weeks.
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Supply outstrips demand! Saudi Arabia sharply raised the price of oil it sells globally
Time of Update: 2023-03-24
After OPEC+ ignored the US call to accelerate oil production, Saudi Arabia sharply raised the price of crude oil to buyers around the world, sending another bullish signal to the oil market.
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OPEC expects to stick to its oil production policy unchanged in December
Time of Update: 2023-03-24
Foreign power October 29 news, before the OPEC meeting next week, the OPEC joint technical committee basically adhered to the forecast of a strong rebound in demand this year and next year.
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What is diesel?
Time of Update: 2023-03-24
1. Light diesel fuel refers to the direct distillation diesel produced by the normal pressure reducing device or the refined secondary processing diesel components (such as catalytic cracking diesel, hydrocracking diesel, hydro-refined coking diesel, etc.
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What is aviation gasoline?
Time of Update: 2023-03-24
Aviation gasoline has two quality control indicators: octane number and grade value.
Aviation gasoline has two quality control indicators: octane number and grade value.
Aviation gasoline has two quality control indicators: octane number and grade value.
