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The situation in Russia and Ukraine is tense, oil prices break through $100, and long and short positions are reduced and wait and see
Time of Update: 2023-03-08
Source: WindIndustry insiders pointed out that the variables of the crude oil market will further increase in the future, and it is recommended that investors reduce their holdings and turn to a wait-and-see mode to avoid extreme risks.
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IEA members may agree this week to release 70 million barrels of oil reserves as international crude oil pulls back in the short term
Time of Update: 2023-03-08
On Monday, February 28, Eastern time, the Wall Street Journal reported that the members of the International Energy Organization IEA may agree to release 70 million barrels of oil reserves as early as Monday or Tuesday (Bloomberg reported that it weighed the release of about 60 million barrels), international oil prices once fell short-term, WTI crude oil fell more than $1 short-term to $94.
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What are the types and uses of petroleum additives?
Time of Update: 2023-03-08
Petroleum detergent can indeed clean a small amount of carbon deposits, but the effect is not as exaggerated as its description, nor does it increase the role of power saving fuel, in many regular manufacturers of petroleum additives, its main function is to "restore engine performance", many fuel agents can not be used for a long time, otherwise it is easy to produce dirt, and carbon deposits are formed again.
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Under pressure from the government, BP sold nearly 20% of Rosneft's shares
Time of Update: 2023-03-08
The company believes that the Russian military operation against Ukraine represents a fundamental change that led BP's board of directors to conclude after discussion that cooperation with Rosneft cannot continue.
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International oil prices rushed to the $100/barrel mark
Time of Update: 2023-03-08
If the situation between Russia and Ukraine further escalates, especially if Europe and the United States sanction Russian oil and gas exports, oil prices will continue to climb.
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US oil prices soar to a seven-year high!
Time of Update: 2023-03-08
On March 1, local time, after 31 members of the International Energy Agency's Board of Governors, including the United States, agreed to release 60 million barrels of oil from their emergency reserves, the price of US oil soared to a seven-year high.
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IEA emergency dump suppresses supply disruption fears, U.S. oil soars more than 11%
Time of Update: 2023-03-08
Members of the International Energy Agency (IEA), including the United States and Japan, agreed to release 60 million barrels of crude oil from reserves in an effort to curb the sharp rise in oil prices.
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Russia hit sanctions to fuel supply concerns Crude oil closed sharply higher at $100 at the oil station
Time of Update: 2023-03-08
On March 1, energy investors continued to pay attention to the situation in Eastern Europe, while Western countries imposed more sanctions on Russia, its main energy producer, causing energy supply concerns, crude oil futures closed sharply higher, Brent crude oil price more than $100.
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It's crazy! International oil prices exceeded $110 per barrel, and the door to the era of high oil prices was opened again
Time of Update: 2023-03-08
However, the news that 60 million barrels of oil reserves is less than 6 days of Russian oil production, let alone global oil consumption in a day, does not at all eliminate the market's concerns about oil supply disruptions.
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Crude broke through the $110 mark as Russia supplied few alternatives
Time of Update: 2023-03-07
Crude has rallied impressively over the past week, rising more than 15 percent in just three trading days this week as Western countries imposed sweeping sanctions on Russia, including cutting off several Russian banks from SWIFT's global financial settlement system, aimed at hitting the Russian economy hard.
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Brent crude oil prices hit a nine-year high
Time of Update: 2023-03-07
Arab News Network reported on March 3 that Russia's economic sanctions have triggered concerns about crude oil supply, and Brent oil prices continued to rise on March 3, breaking through $118, a new high in nine years.
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The soaring oil price has driven the oil service industry upward
Time of Update: 2023-03-07
Driven by the continued rise in crude oil prices, oil and gas-related capital expenditure is expected to usher in a new round of expansion.
Driven by the continued rise in crude oil prices, oil and gas-related capital expenditure is expected to usher in a new round of expansion.
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EIA crude oil inventories unexpectedly fell sharply, oil prices held steady at high levels, and supply disruptions always supported oil prices
Time of Update: 2023-03-07
S. EIA showed that commercial crude oil inventories in the United States, excluding strategic reserves, unexpectedly fell sharply in the week ended February 25, and refined oil inventories and gasoline inventories both fell slightly.
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The global supply chain has suffered a geopolitical impact Crude oil freight rates have doubled in the past two weeks
Time of Update: 2023-03-07
Han Jun, an analyst at CSC, believes that affected by sanctions, oil and gas transportation from Russia to Europe may be blocked, which will make Europe need to import oil and gas from the United States and the Middle East by sea, greatly increasing the transportation distance.
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Brent crude is near $140/b near all-time highs
Time of Update: 2023-03-07
According to the Deccan Herald on March 7, as the price of Brent crude oil soared to a nearly 14-year high of $140 on Sunday.
According to the Deccan Herald on March 7, as the price of Brent crude oil soared to a nearly 14-year high of $140 on Sunday.
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The first domestic 8500m CT130 steel grade ultra-high strength continuous pipe was born in Baoji Steel Pipe Company
Time of Update: 2023-03-07
8 mm, steel grade CT130 ultra-high strength variable wall thickness continuous pipe successfully off the line, once again refreshing the domestic single disc length, wall thickness span the largest ultra-high strength continuous pipe record, marking China's continuous tube manufacturing technology to achieve a new leap.
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Europe and the United States may join forces to embargo Russian crude oil! Oil prices have gone crazy and cloth oil is approaching $140
Time of Update: 2023-03-07
S. Secretary of State Antony Blinken said in an interview that the United States and European allies are engaged in "very positive discussions" about banning oil imports from Russia.
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Supply concerns pushed up oil prices
Time of Update: 2023-03-07
It is estimated that the scale of crude oil reserves released by members of the International Energy Agency is equivalent to Russia's crude oil production in 6 days or crude oil exports in 12 days.
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Crude oil: The expectation of supply shortage is difficult to falsify and continues to rise
Time of Update: 2023-03-07
On the surface, maintaining the production increase plan means that member countries are willing to expand supply, which is an important negative for the crude oil market.
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Break $4 per gallon! Average gasoline prices in the United States rose 11% in a week
Time of Update: 2023-03-07
8 liters per gallon), the first time since July 2008 that it topped $4.
8 liters per gallon), the first time since July 2008 that it topped $4.
8 liters per gallon), the first time since July 2008 that it topped $4.
