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Biden's iron fist "kills oil prices": hurry up and check! Oil majors bid up oil prices, "for the rich"
Time of Update: 2023-03-23
President Joe Biden was dissatisfied with the high gasoline prices in the United States and sent a letter to the FTC on November 17, urging the agency to "immediately use all tools" to investigate the "potentially illegal behavior" of oil companies suspected of inflating gasoline prices.
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U.S. oil closed up 1% and hit a six-week low in the session
Time of Update: 2023-03-23
08 a barrel earlier as investors weighed how much crude oil major economies would release from their strategic reserves and how much this would ease pressure on global crude demand.
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International oil prices are weak, and some institutions have issued pessimistic forecasts
Time of Update: 2023-03-23
On Wednesday (November 17), international oil prices fell as US gasoline inventories fell more than expected last week, which may increase pressure on the Biden administration to release oil from emergency reserves to curb soaring gasoline prices.
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The Hebei Bureau actively promotes the annual rotation of refined oil products in the national reserves
Time of Update: 2023-03-23
Strictly implement the regulations on the operation and management of national reserve refined oil, the supervisors of the Hebei Bureau, the leaders of the grass-roots warehouses, and the safety personnel are each responsible for their own responsibilities and supervise the whole process on site to ensure the safety of operations.
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EIA crude inventories unexpectedly fell by 2 million barrels, and U.S. oil jumped $0.4 in the short term
Time of Update: 2023-03-23
S. commercial crude oil inventories excluding strategic reserves unexpectedly fell in the week ended November 12, and were less than the previous market expected growth, refined oil inventories and gasoline inventories declined.
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The importance of derivatives in the oil and gas industry is prominent
Time of Update: 2023-03-23
At the same time, China's crude oil futures and the industrial chain upstream and downstream production, trade, processing enterprises increasingly close, service entity function is obvious, has become one of the effective means for domestic and foreign oil-related enterprises to deal with risks.
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EIA crude inventories rose for three consecutive weeks, and U.S. oil tumbled 3% to give up this week's gains
Time of Update: 2023-03-23
President Joe Biden is under increasing pressure from fellow Democrats to take measures, including a possible ban on oil exports and the release of crude oil from the National Strategic Reserve, to address rising gasoline prices.
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Rising energy prices dampened economic recovery, and OPEC cut its oil demand forecast for the fourth quarter
Time of Update: 2023-03-23
On Thursday (Nov. 11), OPEC cut its global oil demand forecast for 2021 by 160,000 b/d amid soaring energy prices, as high energy prices dampened the economic recovery and oil use is not expected to return to pre-pandemic levels until later in 2022.
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The first special train of Russian crude oil to Jingbian Yu for refining and processing marks Shaanxi's opening up an international channel for the import of large-scale crude oil
Time of Update: 2023-03-23
On November 13, Li Chunlin, secretary of the Yulin Municipal Party Committee of Shaanxi Province, investigated and evaluated the results of poverty alleviation at the site of the first imported crude oil of Yanchang Petroleum Group in Jingbian County to "open up internal and external circulation and stabilize industrial growth", Xingyuan Gas Company and Huangjiafeng Village, Dongkeng Town.
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Kishida confirmed that Japan will release its strategic petroleum reserves, and South Korea has responded
Time of Update: 2023-03-22
According to the global network, Yonhap News Agency said on November 24 that the South Korean government said on the 23rd that South Korea will participate in the joint release of oil reserves proposed by the United States with Japan, India and other major oil consumers.
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OPEC: The release of the US strategic petroleum reserve may exacerbate excess capacity in 2022
Time of Update: 2023-03-22
S. said on Tuesday that it plans to work with Britain, China, India, South Korea and Japan to release 50 million barrels of oil from its strategic reserves to help the price market "cool down" as OPEC ignores its repeated calls to increase production.
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U.S. oil closed above the 78 mark for three consecutive days, focusing on OPEC+'s response to consumer reserves
Time of Update: 2023-03-22
S. Department of Energy said it has begun auctioning a total of 32 million barrels of crude oil released from four Strategic Petroleum Reserve (SPR) depots, which will be delivered between the end of December and April 2022.
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The United States will release 50 million barrels of strategic oil reserves Energy secretary: Biden's action will cause oil prices to fall by 10%
Time of Update: 2023-03-22
The United States will release 50 million barrels of strategic oil reserves Energy Secretary: Biden's action will cause oil prices to fall by 10% Open APP Read the latest reportOn the issue of oil prices, Biden pointed out that high oil prices are a problem around the world, and oil producing countries are not increasing supply fast enough.
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Fourth drop of the year! Oil prices were lowered after nearly three months, and it cost 3.5 yuan less to fill a box
Time of Update: 2023-03-22
Wang Shan, an analyst at Jinlianchuang, predicted that the start of a new round of change rate is about -2%, and the corresponding domestic gasoline and diesel retail price adjustment range is about -100 yuan / ton, and the adjustment direction is still expected to be lowered.
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Lubricating oil southwest branch five won the Chongqing environmental integrity unit
Time of Update: 2023-03-22
The management effectiveness has also been fully recognized by the Chongqing Municipal Bureau of Ecology and Environment and the environmental protection department of the district, making positive contributions to local economic construction and green development.
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The United States unites many countries to release crude oil reserves Why international oil prices did not fall but rose
Time of Update: 2023-03-22
The White House announced on the 23rd that the US Department of Energy will release 50 million barrels of crude oil from the Strategic Petroleum Reserve to alleviate the mismatch between oil supply and demand when the economy recovers from the new crown epidemic and reduce oil prices.
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OPEC+ may reassess its production increase plan, and Brent oil closed up 1% approaching $80
Time of Update: 2023-03-22
According to foreign media reports, if major consumer countries release crude oil from their reserves, or if the epidemic suppresses demand again, OPEC+, a group of OPEC and its allies, may adjust plans to increase oil production, causing oil prices to rebound and close higher.
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Crude oil futures closed slightly lower
Time of Update: 2023-03-22
In recent days, major oil consumers have urgently released crude reserves to cool the market, and investors are waiting for how major oil producers will respond.
In recent days, major oil consumers have urgently released crude reserves to cool the market, and investors are waiting for how major oil producers will respond.
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The global cost of producing newly discovered petroleum resources fell to $47/bbl
Time of Update: 2023-03-22
Deepwater oil and gas remains one of the lowest-cost sources of new supply, with an average break-even price of $36 per barrel for deepwater oil.
Deepwater oil and gas remains one of the lowest-cost sources of new supply, with an average break-even price of $36 per barrel for deepwater oil.
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Lubricant company grease sales increase 15% from January to October
Time of Update: 2023-03-22
Lubricant companies overcome adverse factors such as the epidemic, flood conditions and rising raw material prices, strengthen market guidance, tap market potential, and actively expand the market, from January to October, the oil sales volume of lubricant companies increased by 15% year-on-year, of which overseas market sales increased by 44% year-on-year.
