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Russian government: Russia will not supply oil to countries that support the "oil price ceiling"
Time of Update: 2023-01-05
"Russian Deputy Prime Minister Alexander Novak said that Russia is ready to shift oil supplies to countries that do not impose price restrictions or reduce oil production, according to a report by the Russian Satellite News Agency on November 22.
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The "huge earthquake" in international oil prices highlights the balance vulnerability of the oil market
Time of Update: 2023-01-05
Although oil prices have moved higher on an overnight close at press time, the vulnerability of the current supply-demand balance in the international crude oil market has also been exposed.
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Stealing oil again! The U.S. military dispatched 44 tanker trucks to smuggle Syrian oil
Time of Update: 2023-01-05
According to the Syrian National News Agency, on the 22nd local time, the US military dispatched 44 fuel tankers to steal oil from the oil fields in northeast Syria and transported it to bases in Iraq through the Mahmoudi illegal border crossing.
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Market worries about tight supply International oil prices rose on November 22
Time of Update: 2023-01-05
FXEmpire market analyst Vladimir Zernov said on the 22nd that New York oil prices rose above $81 per barrel on the 22nd as traders worried that OPEC+ may turn to production cuts at the ministerial meeting in early December.
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British media: Britain continues to buy Russian oil but says it imports from other countries
Time of Update: 2023-01-05
According to the newspaper, at least 39 Russian oil tankers carrying more than 200 million pounds worth of Russian oil have arrived in British ports since the launch of Russia's special military operation in Ukraine, although the oil in question is "classified as imported from other countries".
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The Market Supervision Bureau of Bozhou City, Anhui Province carried out random inspections of the quality supervision of refined oil
Time of Update: 2023-01-05
In the past few days, the Bozhou Market Supervision Bureau of Anhui Province has carried out quality supervision and random inspection of refined oil products to standardize the order of the refined o
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Fitch: The biggest downside risk to the oil market in 2023
Time of Update: 2023-01-05
OPEC said in the report that economic factors affecting oil prices were tilted to the downside and revised demand growth expectations by 100,000 b/d.
OPEC said in the report that economic factors affecting oil prices were tilted to the downside and revised demand growth expectations by 100,000 b/d.
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"Oil production increases by 500,000 barrels per day"? Deny!
Time of Update: 2023-01-05
The following video is from CCTV FinanceAccording to the Saudi News Agency, Saudi Energy Minister Abdulaziz said on the evening of November 21 local time that the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers will not discuss oil production before the December 4 meeting, and the plan of major oil producers to reduce production by an average of 2 million barrels per day will continue until the end of 2023.
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The G7 price cap is coming to the US Treasury Department to issue guidelines for the transportation of Russian oil
Time of Update: 2023-01-05
Ahead of the entry into force of the Group of Seven (G7) price limits, including the United States, the United Kingdom, France, Germany, Japan, Italy and Canada, the US Treasury Department issued a new guidance on Tuesday, November 22 local time, clarifying how US service providers can continue to transport Russian oil until December 5 for the sea transportation of Russian oil, and how to comply with the price limit that will take effect.
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International oil prices continue to be under pressure, and the G7 may only sanction Russia's price ceiling
Time of Update: 2023-01-04
On Thursday (November 24), international oil prices extended their overnight decline, as the proposed upper range of Russian oil prices proposed by the G7 countries was higher than the current trading level, easing market concerns about potential supply tightness.
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Crude oil: continued weakness during the day, but not suitable for short chasing
Time of Update: 2023-01-04
However, after the demand in the Asia-Pacific region was lower than expected, the recovery of the center of gravity of oil prices in the fourth quarter may be lower than previously expected, and the pace of rebound was delayed, and we revised down the judgment of the recovery of the center of gravity of the two oil in the fourth quarter from $100 / barrel to $95 / barrel.
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Crude oil futures fluctuated in a narrow range, Brent futures closed down 3.34%
Time of Update: 2023-01-04
EU member states are still unable to agree on the details of the mechanism for capping the price of Russian seaborne oil.
EU member states are still unable to agree on the details of the mechanism for capping the price of Russian seaborne oil.
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EU failed to reach agreement on price cap on Russian oil, member states "too divided"
Time of Update: 2023-01-04
On November 23, local time, the EU failed to reach an agreement on setting a price cap on Russian oil, and there are still internal differences on the key price ceiling level.
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Crude oil has narrowly mixed range, and the European price cap plan is difficult to produce
Time of Update: 2023-01-04
International crude oil futures fluctuated in a relatively narrow range on Thursday (Nov. 24), hovering near two-month lows as EU member states were deeply divided over the upper limit of Russian crude prices.
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Daqing refining technology transformation to improve paraffin production capacity
Time of Update: 2023-01-04
Up to now, after the technical transformation of the paraffin hydrogenation unit of Daqing Refining and Chemical Company, it has the ability to produce No. 70 semi-refined paraffin, and the main technical indicators such as product Cyport colorimetry, light stability, and penetration have met the design requirements, and the trial production has been successful.
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Crude oil fundamentals continue to be suppressed
Time of Update: 2023-01-04
Therefore, although China's crude oil purchases increased in November, the pace of domestic crude oil purchases gradually slowed down with weak domestic demand that has not improved and the local refining load fell slightly, and imports are expected to decline in December, which is one of the main factors that have dragged down oil prices due to pessimistic market sentiment recently.
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Nigeria started oil and gas drilling in the north for the first time
Time of Update: 2023-01-04
In September, Africa's largest oil producer changed from Nigeria to Angola.
In September, Africa's largest oil producer changed from Nigeria to Angola.
In September, Africa's largest oil producer changed from Nigeria to Angola.
In September, Africa's largest oil producer changed from Nigeria to Angola.
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ExxonMobil makes new oil and gas discoveries in Angola
Time of Update: 2023-01-04
ExxonMobil recently announced an oil discovery in the Bavuca South-1 well in Angola's offshore Block 15, located at a depth of about 1,100 meters and drilling into a high-quality oil-bearing layer abo
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The differences are too big! The EU has suffered a setback in limiting the price of Russian oil
Time of Update: 2023-01-04
On November 24, local time, EU diplomats once again tried to reach an agreement on a core measure of Western sanctions against Russia - setting a price ceiling for Russian oil.
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Sinosure successfully underwrote the bonded fuel oil bunkering business in Shanghai
Time of Update: 2023-01-04
This business is the first order to land after Shanghai issued a bonded fuel oil bunkering license, which is of great significance to the construction of Shanghai's international trade and international shipping center, as well as improving Shanghai's global resource allocation capacity and service construction of a new development pattern.
