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Crude oil closes: New York crude hit a three-month high Brent crude hit a new intra-month high
Time of Update: 2023-02-19
41 a barrel on the New York Mercantile Exchange, its highest close for a front-month contract since March 8.
41 a barrel on the New York Mercantile Exchange, its highest close for a front-month contract since March 8.
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U.S. gasoline prices hit new highs, with oil prices rising above $5 a gallon in 13 states
Time of Update: 2023-02-19
26%) predicting that the average gasoline price in the United States could rise above $6 this summer.
26%) predicting that the average gasoline price in the United States could rise above $6 this summer.
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Saudi Arabia increases production and raises prices, and the international oil market is once again facing changes
Time of Update: 2023-02-19
After OPEC+'s decision to increase production last week, Saudi Arabia, OPEC's largest producer, decided to raise the price of crude oil exports in July, reinforcing expectations for summer consumer demand in the northern hemisphere.
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Oil prices crossed $122 as U.S. inventory data highlighted tight fuel supplies
Time of Update: 2023-02-19
S. Energy Information Administration's report on Wednesday showed Cushing's crude oil inventories fell by 1.
S. Energy Information Administration's report on Wednesday showed Cushing's crude oil inventories fell by 1.
S. Energy Information Administration's report on Wednesday showed Cushing's crude oil inventories fell by 1.
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Rosneft delayed signing a crude deal with two Indian refiners, citing insufficient supplies
Time of Update: 2023-02-19
The lack of new long-term supply agreements could prompt Indian refiners to turn to the spot market in search of more expensive oil.
The lack of new long-term supply agreements could prompt Indian refiners to turn to the spot market in search of more expensive oil.
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International oil prices soar fuel vehicles or accelerate the phase-out
Time of Update: 2023-02-19
Beiqing Daily learned from the National Development and Reform Commission that since 24:00 on February 17 this year, domestic gasoline and diesel prices have increased by 210 yuan and 200 yuan per ton respectively.
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UK gasoline prices rose at a 17-year high
Time of Update: 2023-02-19
"The latest data released by the Royal Automobile Club on the 8th local time showed that on the 7th, the country's gasoline price hit the largest one-day increase in 17 years, with an increase of more than 2 pence per liter, reaching 180.
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Brent crude oil prices broke above $122 per barrel
Time of Update: 2023-02-19
The last time the price of Brent crude oil broke above $122 a barrel was on March 24.
The last time the price of Brent crude oil broke above $122 a barrel was on March 24.
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Diesel prices hit record highs
Time of Update: 2023-02-19
Citi had expected that the lifting of sanctions on Iran would increase crude oil supply in the market by mid-2022.
Citi had expected that the lifting of sanctions on Iran would increase crude oil supply in the market by mid-2022.
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Strata Marine Lubricants Sales Soar 350% in 2 Years
Time of Update: 2023-02-19
"Over the years, ENOC has grown from a national oil company to a global player with a successful presence in a number of local and international markets where the Group offers a diverse portfolio of Strata marine lubricants," said Saif Humaid Al Falasi, CEO of the ENOC Group.
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The first set of third-generation domestic aromatic hydrocarbon technology was completed and put into operation
Time of Update: 2023-02-18
On June 8, according to the news office of Sinopec, the first set of industrial application equipment of Sinopec's third-generation aromatic hydrocarbon technology, Jiujiang Petrochemical's 890,000 tons/year aromatic hydrocarbon joint unit, was successfully started up and produced qualified products.
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OPEC's production increase cannot suppress oil prices, and the gap between energy supply and demand is still difficult to solve
Time of Update: 2023-02-18
This time, it suddenly turned 180 degrees to increase production to make up for the gap in Russian production capacity, which made the international crude oil market cheer, thinking that the rise in oil prices was finally expected to end.
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The UK intends to shift its heavy investment in renewable energy to domestic oil and gas investment
Time of Update: 2023-02-18
According to World Oil on June 10, this week, the British government and Shell held talks in London to discuss North Sea oil and gas.
”According to World Oil on June 10, this week, the British government and Shell held talks in London to discuss North Sea oil and gas.
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The center of gravity of crude oil prices has shifted upward
Time of Update: 2023-02-18
Benefiting from the EU's resolution on Russian oil export sanctions reached at the beginning of this month, coupled with the northern hemisphere ushering in the summer oil season, under the background of the global crude oil supply and demand structure is still good, crude oil futures prices at home and abroad have shown an oscillating upward trend recently.
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Soaring naphtha prices have plagued South Korea's petrochemical industry
Time of Update: 2023-02-18
At the same time, the price of ethylene exported by South Korea's petrochemical industry to China, Japan, Southeast Asia and other places was flat, falling below the break-even point.
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Shaanxi has fully launched the upgrading of refined oil quality
Time of Update: 2023-02-18
The upgrading of oil quality in Shaanxi Province will further reduce volatile organic compounds and vehicle exhaust emissions, which is conducive to the prevention and control of ozone pollution, and will make positive contributions to promoting the clean utilization of traditional energy, accelerating the improvement of ambient air quality, and winning the blue sky defense war.
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Oil prices are going crazy! Goldman Sachs: Still going up! A new round of price adjustment is coming, a tank of oil to 600 yuan?
Time of Update: 2023-02-18
Goldman Sachs estimates that the June 22 deficit is close to 600,000 bpd (at current spot prices), a new deficit that will keep inventories and spare capacity in the global oil market at record low levels in the coming months.
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Oil prices or will enter the "ten yuan" era
Time of Update: 2023-02-18
In fact, before the adjustment on June 14, the country has experienced 10 times of refined oil price adjustment this year, showing a trend of "9 up and 1 down", and the domestic gasoline and diesel have risen by 2330 yuan and 2245 yuan per ton respectively, which also means that a 50-liter tank of private cars currently spends 93 yuan more than at the beginning of the year.
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The US Treasury Secretary said that he intends to let Russian oil flow into the international market "at a low price"
Time of Update: 2023-02-18
Russia: will not sell anything at a lossOn the 1st of this month, US President Biden said that the US government has no way to reduce oil prices in the short term, but is considering other options, such as buying Russian crude oil "at a price below market price".
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Iran and Venezuela signed a 20-year cooperation plan, covering cooperation in various fields such as oil
Time of Update: 2023-02-18
According to Reuters on June 11, the foreign ministers of Iran and Venezuela signed the plan in the presence of Iranian President Ibrahim Lehi and Venezuelan President Nicolas Maduro.
