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Crude oil futures fell as Libyan production resumed amid concerns about demand
Time of Update: 2023-03-15
On Monday (January 10), international crude oil futures fell as the rapid spread of the Omicron variant around the world raised concerns about demand; Libyan production resumed growth after pipeline repairs.
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Oman's oil minister: OPEC+ does not want to see oil prices rise to $100
Time of Update: 2023-03-15
Oman's oil minister said OPEC and its allies do not want crude prices to climb to $100 a barrel and are quickly resuming production to prevent global markets from "overheating".
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Maoming Petrochemical's annual refined oil railway outbound volume increased by 45% year-on-year
Time of Update: 2023-03-15
In 2021, Maoming Petrochemical actively optimized the product structure and the loading and factory process of refined oil railways, producing and selling high value-added products such as gasoline, c
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In 2022, the first batch of crude oil non-state trade import permits will be issued
Time of Update: 2023-03-15
In terms of refining and chemical entities, the first batch of quotas for traditional georefinery (including China Chemical Industry) was issued a total of 61.
In terms of refining and chemical entities, the first batch of quotas for traditional georefinery (including China Chemical Industry) was issued a total of 61.
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Supply tightness, Omicron fears recede Crude oil closed sharply higher at a two-month high
Time of Update: 2023-03-15
, the lead company of the tengizchevron consortium, said production from Kazakhstan's Tengiz oil field, which produces 600,000 barrels per day, has returned to normal after being interrupted last week by unrest.
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The outlook for crude oil futures is positive
Time of Update: 2023-03-15
In the case of open positions and increased volume, the door is opened for continued higher.
In the case of open positions and increased volume, the door is opened for continued higher.
In the case of open positions and increased volume, the door is opened for continued higher.
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EIA crude oil inventories fell more than expected, and U.S. oil jumped $0.4 short-term
Time of Update: 2023-03-15
S. EIA showed that commercial crude oil inventories in the United States, excluding strategic reserves, fell more than expected in the week ended January 7, but refined oil inventories and gasoline inventories increased more than expected.
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What is oil layer damage
Time of Update: 2023-03-15
These engineering operations require a variety of working fluids, which will invade the formation to varying degrees, and the physical and chemical reaction with the oil layer will reduce the permeability of the oil layer, resulting in a decrease in the production capacity of the oil and gas layer, and even the oil and gas cannot be recovered, which is the oil layer damage, also known as the formation (reservoir) injury.
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Driven by both supply and demand, how will the lubricant market be in 2022?
Time of Update: 2023-03-15
Raw material prices run at a high level and the expectation of an increase is still thereFrom the cause of the increase in the price of lubricants last year, the rise in upstream prices, especially the price of raw materials such as international crude oil and additives, is the main driving factor.
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Crude Oil Prices under OPEC+ Control: A Review of the Crude Oil Market in 2021
Time of Update: 2023-03-15
Although OPEC+ insisted that it would abide by its commitment to gradually increase production in July last year, the increase still failed to meet market demand, directly contributing to the surge in oil prices in October.
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The refined oil quality rapid detection vehicle was put into use
Time of Update: 2023-03-15
In September 2020, the Provincial Market Supervision Bureau decided to carry out a pilot project on the capacity building of refined oil rapid inspection and screening in Langfang City.
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The international oil market will usher in new opportunities for supply and demand improvement
Time of Update: 2023-03-15
The good performance boosted the investment of international oil companiesIn 2021, with the improvement of the global epidemic and the recovery of demand, coupled with the slow release of production capacity in oil-producing countries, international oil prices rebounded from their lows, soaring from $50/barrel at the beginning of the year to a maximum of $85/barrel, a new high in nearly seven years.
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SGS: CSPC practices "three standards" integrated management to achieve system management integration
Time of Update: 2023-03-15
Recently, SGS, an internationally recognized testing, inspection and certification organization, issued ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 management certificates to CSPC Petrochemical C
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The first set of Kunlun lubrication continuous clean production technology low-viscosity PAO device in China was successfully tested
Time of Update: 2023-03-15
The complete set of continuous clean production technology of low viscosity PAO lubricating oil base oil is jointly developed by PetroChina Petrochemical Research Institute (hereinafter referred to as Petrochemical Institute) and Kunlun Lubrication, which is an important achievement of the national key research and development plan project "Key Technology Research and Application of High Performance Lubricant Production".
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Market concerns about oil demand outlook International oil prices fell significantly on January 13
Time of Update: 2023-03-15
On the same day, the market continued to digest last week's oil inventory data released by the US Energy Information Administration on January 12, and the sharp increase in gasoline inventories made the market worried about the impact of the epidemic on oil demand.
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Omicron's impact on the market is weakening Oil prices rushed to four weeks at the beginning of the year
Time of Update: 2023-03-15
There are signs that demand for crude oil is becoming strong as global markets recover from the impact of the Omicron variant.
There are signs that demand for crude oil is becoming strong as global markets recover from the impact of the Omicron variant.
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On Tuesday (January 11), Brent oil prices rose to $82 and WTI oil prices were $79
Time of Update: 2023-03-15
Oil prices rose to around $82 per barrel on Tuesday (Jan. 11), supported by tight supply and hoping that the increasing coronavirus cases and the spread of the Omicron variant would not disrupt the recovery of global demand, OE reported on January 11.
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International oil and gas prices rose significantly last week
Time of Update: 2023-03-15
Demand in Asia was relatively flat last week, but natural gas prices rose significantly due to European markets.
Demand in Asia was relatively flat last week, but natural gas prices rose significantly due to European markets.
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Sinopec Great Wall Lubricants contributes green power to create a new industrial ecology
Time of Update: 2023-03-15
This is not only the standard for serving the Winter Olympics, but also an important measure to promote energy conservation, carbon reduction, and synergy, which is starting from green transportation, green energy and green production, handing over an answer sheet for "low-carbon and high-quality" development, focusing on serving the national strategy and the development of various industries to actively create a new ecology in the field of lubricants.
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Equinor found oil near existing infrastructure in the North Sea
Time of Update: 2023-03-15
The Norwegian company said Toppand is the fifth discovery in the region and that proven resources could exceed 300 million barrels of oil equivalent.
The Norwegian company said Toppand is the fifth discovery in the region and that proven resources could exceed 300 million barrels of oil equivalent.
