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Kunlun Tianrun series of fully synthetic high-performance lubricants were upgraded and launched
Time of Update: 2022-11-15
The upgraded Tianrun SP\A3/B4 series products are all fully synthetic oils, with better high temperature resistance and clean environmental performance, outstanding high and low temperature performance, full-time protection of the engine, help carbon emissions, and more environmentally friendly.
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Crude oil fell as recession and demand concerns prevailed
Time of Update: 2022-11-15
Oct. 11 News: On Tuesday (Oct. 11), crude oil futures fell about 2%, extending a weak trend of nearly 2% on Monday, as recession prospects and concerns about slowing fuel demand caused by the epidemic in China.
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Implement the "100-day double sweep" campaign to ensure the safe production of the commercial (refined oil) industry
Time of Update: 2022-11-15
Since October, the Bureau of Commerce of Xiangyang City, Hubei Province has consolidated its responsibilities layer by layer, conscientiously done a good job in the safety production of the commercial and trade (refined oil) industry, and implemented the "100-day double sweep" action for safe production.
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Crude oil closes: recession fears and a stronger dollar weigh on crude oil closed lower for the first time in three days
Time of Update: 2022-11-15
News on November 4, the market is worried that the Fed's sharp tightening of monetary policy will plunge the economy into recession, while the strength of the dollar has also put pressure on dollar-denominated crude oil prices, and New York crude oil closed down for the first time in three days.
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Shanghai medium-term futures: The possibility of OPEC production cuts has pushed oil prices higher
Time of Update: 2022-11-15
In late August, Yanshan Petrochemical 2# atmospheric pressure relief unit and Hohhot Petrochemical were still under maintenance, and Yumen Petrochemical, North China Petrochemical and Dalian Xitai Petrochemical may gradually end their maintenance, and it is expected that the average operating load of domestic main refineries will continue to rise.
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Crude oil closes: demand outlook offsets OPEC production cut expectations Crude oil closed slightly lower
Time of Update: 2022-11-15
News on September 30, concerns about the outlook for energy demand partially offset the impact of possible OPEC+ production cuts, and crude oil futures closed slightly lower.
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Institution: In the short term, high-sulfur fuel oil may continue to operate weaker than low-sulfur
Time of Update: 2022-11-15
57% at 2569 yuan / ton; The main contract for low-sulfur fuel oil, LU2301, closed down 2.
57% at 2569 yuan / ton; The main contract for low-sulfur fuel oil, LU2301, closed down 2.
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Fuel oil bears still dominate
Time of Update: 2022-11-15
Last Friday, among the top 20 seats in the long and short ranking of fuel oil futures 2301 contracts, the total number of short orders reduced by the main bears exceeded the total number of long orders reduced by the main bulls, resulting in a narrowing of the net short position to 30,522 lots, indicating that the main bears still occupy a certain advantage.
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Crude oil remains volatile, with limited short-term upward and downward space
Time of Update: 2022-11-15
On September 14, the International Energy Agency (IEA) released its monthly report, slightly lowering its forecast for global oil demand growth this year by about 110,000 b/d.
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Lubricant company focuses on regional operations to increase sales of synthetic greases
Time of Update: 2022-11-15
The lubricant company attaches importance to the market development of synthetic grease and uses four focus tactics to improve the development effect of synthetic grease market.
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Sinopec Great Wall Lubricants Help China's High-Speed Rail "Go Global"
Time of Update: 2022-11-15
Sinopec Great Wall Lubricants has long actively supported the construction of projects related to the "Belt and Road" initiative and assumed the corporate responsibility of serving the national strategy; We will also continue to make efforts to improve product quality and overseas service levels, enhance corporate competitiveness, enhance brand value, and strive to achieve high-quality development of Sinopec's lubricant business.
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Sino-Korean Petrochemical fuel gas unit consumption decreased year-on-year
Time of Update: 2022-11-15
To this end, they set monthly performance evaluation indicators for the fuel gas consumption of each furnace of each refining unit, and the optimal level of fuel gas consumption of each unit in the previous year is the target value.
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Fundamentals are relatively loose It is expected that the low and high sulfur prices in the future market will closely follow the crude oil
Time of Update: 2022-11-15
5-3 million tons of Western arbitrage fuel oil arriving in Asia this month, the highest monthly arrival this year.
5-3 million tons of Western arbitrage fuel oil arriving in Asia this month, the highest monthly arrival this year.
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Crude oil rose about 3 percent as the U.S. announced the release of more crude inventories
Time of Update: 2022-11-15
Analysts pointed out that from a realistic point of view, the release of strategic inventories is negative in the near term and positive in the long term, because eventually the United States will have to buy back these crude oils.
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Crude oil supply risks have intensified again! EIA lowered its U.S. oil production forecast for next year
Time of Update: 2022-11-15
It is learned that on Wednesday (September 7) Eastern time, the US Energy Information Administration (EIA) released its monthly report, lowering its annual oil production target and raising the global demand outlook, which further increased supply risks at a time when OPEC and its allies plan to cut production to defend crude oil prices.
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Crude oil continues to be under pressure, and short-term storage is expected to be short
Time of Update: 2022-11-15
Crude oil continues to be under pressure, and short-term storage is expected to be shortFundamental Summary: Standard Chartered analysts said that international oil prices continued to plummet, due to an unexpected increase in crude oil production and another round of selling in the Strategic Petroleum Reserve, but the oil market did not collapse, but only reacted to oversupply.
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Summer demand peak past In the short term, high sulfur may continue to operate weaker than low sulfur
Time of Update: 2022-11-15
4. Overall, due to the low inflow of arbitrage cargo, the Asian low-sulfur fuel oil market will maintain a tight supply situation in the near future; At the same time, the increase in pre-season terminal filling activities at the end of the year, seasonal power generation demand from Japan and South Korea is also supporting the market.
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Institutional view: The recent unilateral price drive of fuel oil is still mainly from crude oil
Time of Update: 2022-11-15
Zhongcai Futures said that with the end of the peak period of summer electricity consumption, the demand for high-sulfur fuel oil at the power generation end will gradually decline, and high-sulfur will be further pressured.
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U.S. commercial crude oil inventories fell last week International oil prices rose on November 2
Time of Update: 2022-11-15
Due to the decline in US commercial crude oil inventories last week, international crude oil futures prices fell in the overnight market, and they rose significantly higher in the morning of November 2 and closed higher.
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Nanyang Energy Chemical completed and put into operation the first 10,000-ton high-purity phase change wax plant in China
Time of Update: 2022-11-15
Recently, Nanyang Energy Chemical has built and put into use the first 10,000-ton high-purity phase change wax device in China, and has produced 50 tons of high-purity phase change wax products, and the product quality has reached the standards of similar foreign products, breaking the foreign monopoly of this series of products.
