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Jiangsu Oilfield injected more than 300 tons of carbon dioxide per day and established a special class to vigorously promote the resumption of production
Time of Update: 2023-02-20
Jiangsu Oilfield plans to inject 100,000 tons of carbon dioxide this year and increase crude oil production by 30,000 tons, and the epidemic sealing and control has had a serious impact on the cross-regional transportation of carbon dioxide and the construction of oil flooding wells.
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The quality of refined oil products in Shaanxi Province has been upgraded to the National VIB standard
Time of Update: 2023-02-20
On June 1, Shaanxi Province's refined oil quality upgrade National VIB standard gasoline press conference was held in Xi'an, which is a major action for our province to resolutely win the blue sky defense war and continue to promote the blue sky and clear water and pure land defense war to the depth.
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It is rumored that Saudi Arabia will increase oil production, and oil prices fell below $113
Time of Update: 2023-02-20
Note that WTI crude futures prices plunged below $113 per barrel after reports that Saudi Arabia would be prepared to increase production if Russia's oil production fell sharply due to financial sanctions.
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Yibin, Sichuan Province: Urban linkage to control the "four blacks", departments jointly speculate on the "den"! More than 5,940 litres of diesel fuel were seized
Time of Update: 2023-02-20
Recently, the Market Supervision Bureau of Yibin City, Sichuan Province, led by the Cuiping District Market Supervision Bureau and the District Public Security Sub-Bureau, successfully destroyed 2 suspected illegal operating black dens hidden in a self-built parking lot, seized more than 5940 liters of diesel, and seized gas dispensers and other criminal tools according to law.
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Crude oil closes: OPEC + weighs Russia's exemption from production restrictions U.S. oil closed lower but rose 9.5% this month
Time of Update: 2023-02-20
News on June 1, oil prices fell on Tuesday after some members of the Organization of the Petroleum Exporting Countries were considering exempting Russia from oil production targets.
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Chinese enterprises invest in the development of the Zharzaiting oil field in Algeria
Time of Update: 2023-02-20
, Ltd. and Algerian Petroleum Corporation held a signing ceremony in Algiers on May 28, and the two sides will invest US$490 million to jointly develop the Zal Zaitin oil field in the eastern Algerian province of Ilizi, of which Chinese investment accounts for 70%.
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OPEC may consider temporarily excluding Russia from the oil production agreement
Time of Update: 2023-02-20
Excluding Russia could pave the way for Saudi Arabia, the United Arab Emirates and other OPEC members to increase output to meet production targets.
Excluding Russia could pave the way for Saudi Arabia, the United Arab Emirates and other OPEC members to increase output to meet production targets.
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It is difficult for the EU to abandon the purchase of Russian oil "one move to control the enemy"
Time of Update: 2023-02-20
On May 30-31, the EU held an informal summit in Brussels to discuss the situation in Ukraine. After intense consultations and bargaining among the leaders of the 27 EU member states, the "boots" of th
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The dollar strengthens and oil prices rise
Time of Update: 2023-02-20
Although the stock and bond markets have plummeted in the past two months, the US dollar has continued to strengthen with its status as a "global safe haven", oil prices reported on May 30.
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Saudi Arabia will raise its official selling price for all grades of crude in Asia
Time of Update: 2023-02-20
Saudi Arabia lowered Asian prices in June from a record high premium to its regional benchmark for May. Six refining sources told Reuters in an investigation on Monday that strong Asian refining profits could prompt Saudi Arabia to raise the official selling price of all grades of crude it will sell in major Asian markets in July, according to Oil Price Network on May 30.
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Biden: Russia can continue to export oil but it must be well below the market price
Time of Update: 2023-02-20
Biden's speech at the White House (Reuters)"There is now a conundrum, and Europe has decided to further restrict the purchase of Russian oil," Biden said.
Biden's speech at the White House (Reuters)"There is now a conundrum, and Europe has decided to further restrict the purchase of Russian oil," Biden said.
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Saudi Arabia is expected to raise the price of crude oil sold to Asia in July
Time of Update: 2023-02-20
China's reopening and strong Asian refinery profits will prompt Saudi Arabia to raise the official selling price of all grades of crude oil sold to the region in July, six refinery officials said on Monday.
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US media: Accommodation to Hungary, the European Union or postpone restrictions on pipeline oil imports from Russia
Time of Update: 2023-02-20
Bloomberg: The EU plans to release pipeline oil to break the deadlock in sanctions against RussiaFor the time being, there are no restrictions on the transportation of oil from the Druzhba pipelineAccording to the source, the European Commission submitted a revised sanctions plan against Russia to the governments of member states on the 28th.
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In order to reach an oil embargo agreement, the EU has proposed to postpone the ban on critical transport pipelines
Time of Update: 2023-02-20
Since sea supply accounts for about two-thirds of Russia's oil imports, the proposal initially planned to phase out sea freight.
Since sea supply accounts for about two-thirds of Russia's oil imports, the proposal initially planned to phase out sea freight.
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Russian oil production edged up to 10.17 million b/d
Time of Update: 2023-02-20
Foreign news on May 30, TASS reported on Monday that Russia's daily oil production from May 1 to 29 increased slightly to 10.
Foreign news on May 30, TASS reported on Monday that Russia's daily oil production from May 1 to 29 increased slightly to 10.
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The United States and Europe have "controlled" Russia to increase the size
Time of Update: 2023-02-20
On June 3, the European Commission announced the sixth round of sanctions against Russia, including a partial oil embargo, sanctions against Russian tankers, banks and media.
On June 3, the European Commission announced the sixth round of sanctions against Russia, including a partial oil embargo, sanctions against Russian tankers, banks and media.
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EU sanctions on Russian oil increase or push up inflation The ECB's monetary policy is under pressure
Time of Update: 2023-02-20
Analysts believe that the recent turmoil in the European energy market, soaring food prices, and the overall rise in inflation in the euro area, the latest measures of the EU may lead to an intensification of inflation upward risks, putting pressure on the monetary policy of the European Central Bank.
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New EU sanctions against Russia will come into force
Time of Update: 2023-02-20
At a special EU summit held on May 30-31, the leaders of EU member states agreed to grant exemptions to the oil embargo on Hungary and other countries and agreed to a sixth round of sanctions against Russia.
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And add-on! India intends to negotiate an increase in Russian oil imports
Time of Update: 2023-02-19
At a time when sanctions and trade restrictions on Russia imposed by the United States, the United Kingdom and the European Union have led most buyers to flee, Indian state-owned and private refineries have been increasing Russian oil imports.
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Last week, the average wholesale price of gasoline and diesel rose month-on-month
Time of Update: 2023-02-19
China's gasoline and diesel wholesale prices show that last week (affected by the Dragon Boat Festival holiday, take the average value from May 30 to June 2), the average wholesale prices of 92# gasol
