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Oil prices tumbled on reports that OPEC+ was considering increasing production
Time of Update: 2023-01-04
Saudi Arabia and other OPEC+ members are reportedly discussing a production increase in January.
Saudi Arabia and other OPEC+ members are reportedly discussing a production increase in January.
Saudi Arabia and other OPEC+ members are reportedly discussing a production increase in January.
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Global oil freight rates soared and the demurrage of oil tankers was $100,000 per day
Time of Update: 2023-01-04
In the tanker market, daily freight rates for delaying a vessel (like a taxi waiting in a meter) now reach around $100,000, according to traders and shipbrokers.
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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.
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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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Crude oil turned to excess, OPEC+ meeting is likely to maintain production cuts
Time of Update: 2023-01-01
From the perspective of supply and demand structure, due to the high possibility of recession in developed economies such as Europe and the United States in 2023, the forward demand for crude oil will weaken significantly, and in the near future, due to the support of OPEC production cuts and sanctions on Russian crude oil, crude oil prices will face a new round of downward risks after digesting supply factors.
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Illegal transportation and sale of refined oil, the two were sentenced for dangerous operations
Time of Update: 2023-01-01
Since February this year, the defendant Yu has hired drivers Chen and Li (both of which have been dealt with separately) and escorts Zhang and Wang (both of whom have been dealt with separately) without approval or permission to purchase gasoline from other provinces and sell it to illegal refueling points in Hongshan District and other places.
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British media: The attitude of the United States towards the Venezuelan government has undergone a major change
Time of Update: 2023-01-01
S. -led sanctions, its oil production is now below 1 million barrels per day.
S. -led sanctions, its oil production is now below 1 million barrels per day.
S. -led sanctions, its oil production is now below 1 million barrels per day.
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Rising demand concerns Global oil prices fell to their lowest level since January
Time of Update: 2023-01-01
""Russia's seaborne exports and production are not declining, and coupled with fears of further rate hikes, crude oil is being swept up in broader market risk aversion," Smith said.
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Crude oil prices: OPEC+ production cuts and easing demand concerns New York crude closed higher
Time of Update: 2023-01-01
However, the price of global benchmark Brent crude hit its lowest level since January on Monday.
However, the price of global benchmark Brent crude hit its lowest level since January on Monday.
However, the price of global benchmark Brent crude hit its lowest level since January on Monday.
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The Market Supervision Bureau of Putian City, Fujian Province announced the quality sampling results of 265 batches of automotive refined oil
Time of Update: 2023-01-01
According to the "Putian Market Supervision" WeChat public account news on December 1, in the third and fourth quarters of 2022, the Putian Market Supervision Administration of Fujian Province carried
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$60 per barrel! EU proposes cap on Russian seaborne oil Poland is dissatisfied: too weak
Time of Update: 2023-01-01
On December 1, local time, according to Reuters, an EU official revealed that in addition to Poland, EU countries have agreed to limit the price of EU imports of Russian seaborne oil to $60 per barrel.
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Qatar, which has become rich by digging for oil, will one day run out of resources and sit on the mountain?
Time of Update: 2023-01-01
It is this unique natural resource that makes the economy of this small country develop rapidly in the seventies and eighties of the last century, just the export of phosphate mines, can earn more than 100 million US dollars a year, compared with Qatar's total income may not be worth mentioning, but Nauru has only 10,000 people, 100 million US dollars is definitely a lot of income for them.
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Calculation of taxable sales at gas stations
Time of Update: 2023-01-01
The above allowable deduction of the quantity of refined oil shall be declared to the competent tax authority at the end of the month according to the quantity counted in the "Summary Table of Monthly Oil Sales of Gas Stations".
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The integrated device for the prevention and control of quantum wax scale of the seventh oil production plant of Daqing Oilfield has remarkable effects
Time of Update: 2023-01-01
The integrated device for quantum wax scale prevention and control is easy to install, does not require dosing, does not need external auxiliary power, and extends the well washing cycle by more than 3 times on average, and the service life can reach 10 years.
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Fuel Oil December Monthly Report: Terminal ship bunkering demand supports the fuel oil market
Time of Update: 2023-01-01
High sulfur fuel oil increased significantly in demand at the bunkering and refinery feed end due to its economy, and the market structure strengthened and rebounded in November.
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Demand was sluggish, with retail gasoline prices in the United States hitting a nine-month low around Thanksgiving
Time of Update: 2023-01-01
Before the European stock market on Monday, the US WTI crude front-month contract fell below $74, hitting a new intraday low since the end of December last year, down about 3.
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Pujiang County, Zhejiang Province issued an announcement on the clues of illegal business activities of requisitioning integrated oil
Time of Update: 2023-01-01
Announcement on the collection of clues about illegal business practices of integrated oilIn order to further standardize the operation order of the refined oil market and severely crack down on illegal acts of refined oil operation, the Office of the Joint Conference on Special Rectification Work of the County Refined Oil Market decided to open the public to solicit clues about illegal acts of integrated oil operation.
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EIA lowered its oil price forecast, expecting U.S. crude oil production next year to reach a new high, and the decline in oil prices widened to its lowest since January
Time of Update: 2023-01-01
Compared with the November report, EIA lowered its retail price forecast for crude oil and gasoline this year and next, raised its oil production forecast for the United States and the world this year and next, and lowered its global oil demand forecast for next year.
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When it comes to oil production, OPEC+ made its latest announcement
Time of Update: 2023-01-01
Photo by Xinhua News Agency reporter Ren PengfeiDue to market concerns about the world economic outlook, the decision of major oil-producing countries to cut production significantly failed to effectively support international crude oil prices.
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EIA: U.S. crude inventories fell more than expected last week
Time of Update: 2023-01-01
6 million barrels in the week ended Nov. 25, compared with a market estimate of an increase of 1.
6 million barrels in the week ended Nov. 25, compared with a market estimate of an increase of 1.
