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India's May crude oil production fell 6.3%, natural gas production rose
Time of Update: 2021-07-20
According to the latest data released by the Ministry of Petroleum and Natural Gas, crude oil production in May was 2.
India’s largest oil and natural gas producer (ONGC) reported that “due to conditions caused by Hurricane Tauktae”, production fell sharply by 9.
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OPEC will increase oil production by 400,000 barrels per day in May
Time of Update: 2021-07-20
According to news from the oil price network on June 11, OPEC said on Thursday that with the gradual relaxation of production cuts starting last month, crude oil production in May 2021 increased by 390,000 barrels per day to 25.
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The global crude oil supply is still in short supply.
Time of Update: 2021-07-20
However, WIT and Brent crude oil futures contracts for July-August are generally at a premium of $5-6 per barrel compared with June, which means that the market believes that 7 If the current production increase plan is still maintained after the month, the supply will be even more tight .
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China's April crude oil imports fell 0.2% year-on-year due to narrowing refinery profits
Time of Update: 2021-07-20
Due to rising crude oil prices and increased inventories, the profit margins have narrowed, and refineries have reduced production .
358 million tons of crude oil in April, or 9.
5% from the same period last year; total imports from January to April were 39.
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Iraqi Oil Minister: Iraq supports the extension of OPEC's production cut agreement until December 2022
Time of Update: 2021-07-20
According to foreign news on July 4, the Iraqi Oil Minister said on Sunday that Iraq supports the extension of the OPEC production reduction agreement to December 2022, and it is expected that the oil price will not be lower than US$70/barrel before the end of 2022 .
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PetroChina achieved a good start to production and operation in the first quarter
Time of Update: 2021-07-20
PetroChina seized the favorable opportunity for the recovery of the refined and chemical product market and prices to rise, actively promoted the transformation and upgrading, closely linked production and sales, continued to optimize the product structure, and strived to increase production and sales of high value-added products.
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Monthly report on energy storage policy in May: It is clearly proposed to establish a demonstration project of energy storage price mechanism and set off a regional upsurge again
Time of Update: 2021-07-20
At present, policy and market environment are the key to promoting the development of China's energy storage industry . In the new stage of the "14th Five-Year Plan" development, the key position of
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India tenders for the sale of mining rights to 32 small oil and gas blocks
Time of Update: 2021-07-20
Foreign news agency news on June 10th, Anand Gupta, President of the Energy Authority of India, said on Thursday that the government held a third round of tenders for the exploitation rights of a total of 32 small oil and gas blocks in the country.
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The Ministry of Public Security and others deployed to strengthen the security of oil and gas and "three power" facilities
Time of Update: 2021-07-20
He emphasized that it is necessary to improve political positions, increase awareness of danger, complete and perfect mechanisms, implement work responsibilities, fully grasp the implementation of various security measures, and make every effort to ensure the safe operation of important oil and gas and "three power" infrastructures.
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U.S. imports of heavy, high-sulfur crude oil climbed due to refineries' increase in output
Time of Update: 2021-07-20
According to foreign news on June 30, traders and analysts said that imports of heavy, high-sulfur crude oil from countries such as Mexico and Saudi Arabia have jumped to a high of about a year, as refineries have increased their output to meet summer demand growth .
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Analysts expect OPEC to confirm production increase plans at next week’s meeting
Time of Update: 2021-07-20
Of the 24 analysts and traders who participated in the media survey, all but four predicted that OPEC will approve a plan to increase production by 840,000 barrels per day in July to complete the three-step process for this summer.
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OPEC technical meeting discusses the limited growth prospects for U.S. shale oil production
Time of Update: 2021-07-20
"The general view of shale oil is that as oil prices rise, production will rebound, but not soon," said a source who provided OPEC forecasts .
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The impact and consequences of Iranian oil's return to the global market
Time of Update: 2021-07-20
Oil and energy affairs expert Hamid Shakushi said, "We mainly hold two major positive and negative views on the growth of Iran’s oil production and exports after the sanctions are lifted.
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Saudi Arabia expected to raise the August survey of crude oil prices sold to Asia
Time of Update: 2021-07-20
Foreign News reported on June 30 that a survey released on Wednesday showed that Saudi Arabia is expected to increase the official price of crude oil sold in Asia in August to follow the strengthening of crude oil prices.
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Goldman Sachs: Saudi crude oil output is expected to increase by 500,000 barrels per day by the end of this year
Time of Update: 2021-07-20
According to foreign news on June 15, Goldman Sachs (GOLDMAN SACHS ECONOMICS RESEARCH) said in a report on Tuesday that it is expected that by the end of this year, Saudi crude oil output is expected to increase by 500,000 barrels per day to 10 million barrels per day .
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Russia has supplied 75,000 tons of Ural crude oil to Belarus so far in June
Time of Update: 2021-07-20
This month, Russian oil companies have an export quota to supply 800,000 tons of oil to the Mozyr refinery .
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U.S. CPI hits a 13-year high, the mid- to long-term upward trend of crude oil remains unchanged
Time of Update: 2021-07-20
4 million barrels, and refined oil inventories increased by 3.
Oil investors believe that as Iran and Western countries make progress in the negotiations on a nuclear agreement, sanctions on Iran’s exports will be lifted and oil supply will increase this year.
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Idle tanker slows U.S. fuel supply response
Time of Update: 2021-07-20
Foreign news agency news on May 12, shipping sources said on Wednesday that efforts to deliver fuel to fuel-scarce areas in the United States have slowed down because shipowners have sealed tankers flying the American flag that can sail along the coast .
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India's new crown crisis may lead to oversupply of oil
Time of Update: 2021-07-20
Foreign News reported on April 29 that Rystad, Norway's largest independent energy consulting company, said that the sharp increase in the number of cases of new coronary pneumonia infection in India will reduce global oil demand and lead to a large excess of supply .
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Saudi Arabia's crude oil exports increase to US$14 billion in March
Time of Update: 2021-07-20
Foreign news agency news on May 26, official data released on Wednesday showed that Saudi Arabia's March crude oil exports increased by 75% year-on-year to 52.
3 billion riyals to China and importing 9.
