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Crude fell for a second straight day on an uncertain demand outlook
Time of Update: 2023-02-03
News on December 29: International crude oil futures fell for the second consecutive session on Thursday due to uncertain demand outlook.
News on December 29: International crude oil futures fell for the second consecutive session on Thursday due to uncertain demand outlook.
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The new wax cleaning and prevention device of the seventh oil production plant of Daqing Oilfield improves the production capacity of single wells
Time of Update: 2023-02-03
As of January 3, the average wax cleaning cycle of a single well in the two pilot test wells of the No. 7 Oil Production Plant of Daqing Oilfield using eddy current acoustic magnetic wax reduction and viscosity reduction oil enhancer has been extended from 55 days to 211 days, saving a total of 28,000 yuan in high-pressure hot washing costs.
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In 2023, the supply side of the crude oil market may tighten
Time of Update: 2023-02-03
International oil prices rose significantly on December 30, with New York oil prices rising by more than 2% and London Brent oil prices rising by nearly 3%.
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Crude oil trading reminder: The European Union stopped 90% of Russian oil imports, and escalating geopolitical tensions boosted oil prices
Time of Update: 2023-02-03
47 / barrel; Although last Friday's EIA energy report showed that US demand for crude oil and petroleum products fell in October 2022; But Russia acknowledged on Monday that dozens of Russian military personnel had been killed in an attack that was one of the deadliest in the war in Ukraine, or could increase geopolitical tensions and boost oil prices.
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The Market Supervision Bureau of Bayannur City, Inner Mongolia, randomly inspected the refined oil market
Time of Update: 2023-02-03
Subsequently, the Municipal Market Supervision Bureau will further standardize the operation of refined oil distribution, strengthen the supervision of refined oil quality, urge gas station operators to improve their awareness of quality and safety risks, strictly implement the main responsibility of enterprises, consciously operate in good faith and law-abiding, maintain a good order in the refined oil market, and protect the legitimate rights and interests of operators and consumers.
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Putin signed an order to take countermeasures against the West's price limit on Russian oil
Time of Update: 2023-02-03
Russian President Vladimir Putin signed a presidential decree on December 27 to counter the price cap imposed by the West on Russian oil. According to the Kremlin website, Putin signed on the same day
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Open the door black! International oil prices fell 9% in the two days of the new year, and demand-side risks were rekindled
Time of Update: 2023-02-03
Peter Cardillo, chief market economist at Spartan Capital Securities, said in the report: "Given the short-term pressure on the world economy, the first half of 2023 is likely to continue to see crude oil prices volatile lower.
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2022 in the crude oil market: the energy crisis has swept the world, oil prices have been on a roller coaster, what is the future
Time of Update: 2023-02-03
The first financial reporter noted that since the United States announced the accelerated release of the Strategic Petroleum Reserve (SPR), the main contract of WTI crude oil futures fell from a high of nearly $120 / barrel in June to about $80 / barrel in November.
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180,000 to buy 20 tons of gasoline to become "sewage"? Oil companies: Investigation required
Time of Update: 2023-02-03
" Recently, Mr. Liu of Heilongjiang reported to reporters that his own gas station extracted 20 tons of ethanol gasoline from the refined oil depot of Daqing Refining and Chemical Branch of China National Petroleum Co.
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EIA crude oil inventories rose slightly more than expected, and U.S. oil fell slightly by $0.5 in the short term
Time of Update: 2023-02-03
53 million barrels in the previous month; EIA refined oil inventories in the United States increased by 282,000 barrels in the week ended December 23, compared with an expected decrease of 2.
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Handan City, Hebei Province, in 2022, the pass rate of refined oil quality supervision spot check is 99.84%;
Time of Update: 2023-02-03
Further increase the number and frequency of spot checks, gas stations (points) in the main urban area are sampled once a month, outside the main urban area once a quarter, a total of 8653 batches of supervision and random inspection throughout the year, including 61 batches of provincial splendor, 1286 batches of city sampling, 7306 batches of county sampling, and 14 batches of unqualified inspections.
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Fuel oil supply tightened further Futures continued to rebound
Time of Update: 2023-02-03
As for how the fuel oil market will work, the views of relevant institutions are summarized as follows:Huatai Futures pointed out that from the perspective of fuel oil fundamentals, the reduction of Russian crude oil production will reduce the supply of medium and heavy sour crude oil, and European refiners have begun to shift to lighter, low-sulfur raw materials, which will make the supply of high-sulfur fuel oil decline marginally and the supply of low-sulfur fuel oil increase.
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Foreign media: Oil demand growth in 2023 Oil prices should be between $80 and $90
Time of Update: 2023-02-03
These countries believe that the appropriate price per barrel of oil is between $80 and $90 and should not fall below this range.
These countries believe that the appropriate price per barrel of oil is between $80 and $90 and should not fall below this range.
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US media: Russia's oil ban adds to market uncertainty
Time of Update: 2023-02-03
"According to the US "Wall Street Journal" website reported on December 27, Russia banned the sale of oil and petroleum products to countries that impose price caps on it on the 27th, which may bring more uncertainty to the global energy market.
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The Huangzeshan-Yushan crude oil pipeline project completed oil trial operation
Time of Update: 2023-02-03
Huangzeshan-Yushan crude oil pipeline project starts from Huangzeshan Oil Storage and Transportation Trade Base in Daishan County, Zhoushan City, crosses the Daiqu Ocean to Zhoushan Green Petrochemical Base on Yushan Island, with a total investment of 1.
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Hedge fund trader Andurand expects global oil demand to surge next year
Time of Update: 2023-02-03
Hedge fund trader Pierre Andurand said global oil demand could grow by up to 4% sometime in 2023 if the world fully withdraws pandemic restrictions.
Hedge fund trader Pierre Andurand said global oil demand could grow by up to 4% sometime in 2023 if the world fully withdraws pandemic restrictions.
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China's finished oil prices will start with an upward revision in 2023
Time of Update: 2023-02-03
China's National Development and Reform Commission said on the 3rd that according to the recent changes in oil prices in the international market, according to the current refined oil price formation mechanism, from 24:00 on January 3, 2023, domestic gasoline and diesel prices will increase by 250 yuan (RMB, the same below) and 240 yuan per ton respectively.
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In 2022, the global oil and gas resources M&A market performed weaker than expected
Time of Update: 2023-02-03
In 2022, affected by the soaring geopolitical risks of some important oil-producing countries, the sluggish growth of global oil and gas exploration and development investment, the lower than expected
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A 300,000-ton green crude oil ship was delivered in Dalian
Time of Update: 2023-02-02
Just after New Year's Day 2023, the 300,000-ton ultra-large crude oil ship "Kaihui" built by China Shipbuilding Group Dalian Shipbuilding Industry Group Co.
Just after New Year's Day 2023, the 300,000-ton ultra-large crude oil ship "Kaihui" built by China Shipbuilding Group Dalian Shipbuilding Industry Group Co.
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One month after the price cap was implemented, the price of Russia's flagship crude oil is less than half of the international oil price
Time of Update: 2023-02-02
The Russian oil price cap mechanism means that only when the oil price is below $60 per barrel can tankers get a range of services such as shipping insurance provided by the West.
