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API inventories rose more than expected last week, and U.S. crude gains narrowed to remain at seven-year highs
Time of Update: 2023-03-25
In the week ending October 22, downstream utilization trends are set to continue, with crude oil product supply (a proxy for demand across the energy value chain) higher than a year earlier, and refining margins for gasoline picking up.
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Crude oil continued to rise as U.S. crude inventories fell as supply and demand tightened
Time of Update: 2023-03-25
Analysts at Chicago Price Futures Group said that when refineries are running at low speed during maintenance season, people have begun to worry about strong demand and falling inventories.
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Keep pressing! If OPEC+ does not take additional measures to increase production, Biden will take action
Time of Update: 2023-03-25
After oil prices rose sharply in September, White House press secretary Jen Psaki said the oil issue was "worth paying attention to" and the United States began to increase pressure on OPEC+ to increase production.
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EIA refined oil inventories plummeted, and U.S. oil rose more than 1% to hit a seven-year high
Time of Update: 2023-03-25
Phil Flynn, senior energy analyst at Price Futures Grou, said increased demand, and inventories still falling amid low refinery capacity utilization during the maintenance period, could help but raise concerns about what would happen when refiners had to ramp up production to meet very strong demand for gasoline and distillates.
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EIA crude oil inventories and refined product inventories both unexpectedly decreased, and U.S. oil soared $0.8 in the short term
Time of Update: 2023-03-25
S. EIA showed that the commercial crude oil inventories in the United States, excluding strategic reserves, were less than expected in the week ended October 15 and unexpectedly recorded a negative value.
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More than 170 kinds of minerals have been discovered in China
Time of Update: 2023-03-25
7 billion cubic meters and the Fuling gas field reaching 6.
7 billion cubic meters and the Fuling gas field reaching 6.
7 billion cubic meters and the Fuling gas field reaching 6.
7 billion cubic meters and the Fuling gas field reaching 6.
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Oil prices hit multi-year highs due to tight global supplies
Time of Update: 2023-03-25
Oil prices rose above $86 a barrel on Monday, extending multi-year gains after Saudi Arabia urged OPEC to be cautious in raising global production, RT reported on Oct. 25.
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International oil prices have fallen from multi-year highs, but bulls are still supported by two forces
Time of Update: 2023-03-25
The oil market hit multi-year highs this week, also driven by soaring global coal and gas prices — prompting a shift to diesel and fuel oil power generation.
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U.S. crude oil supply growth exceeded expectations, Iranian oil returned to the market outlook optimistic, oil prices fell sharply!
Time of Update: 2023-03-25
S. crude inventories rose more than expected and oil prices fell further after Iran and the European Union agreed to restart negotiations on the 2015 nuclear deal by the end of next month.
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WTI crude oil prices reached their highest level in 7 years
Time of Update: 2023-03-25
According to a report given to clients by Goldman Sachs, the firm expects global crude oil demand could increase by 1 million b/d as natural gas prices rise.
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Oil and gas prices soared New Trend Energy's net profit in the first three quarters increased by 4.5 times
Time of Update: 2023-03-25
49%; The net profit attributable to shareholders of the listed company was 502 million yuan, a year-on-year increase of 446.
49%; The net profit attributable to shareholders of the listed company was 502 million yuan, a year-on-year increase of 446.
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Institution: Global crude oil demand is about to recover 100 million barrels in 1 day, bullish oil to $90
Time of Update: 2023-03-25
However, Goldman Sachs also said that oil prices are not high enough to damage demand; Brent crude oil prices are expected to reach $110/b for the market to reach equilibrium in the first quarter of 2022.
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Institution: The oil market remains bullish, reiterating the $90/b target for Brent crude
Time of Update: 2023-03-25
Goldman Sachs analysts Callum Bruce and Damien Courvalin, among others, said in an Oct. 29 report that the recent weakness in oil prices is only a short-term correction in a bull market, reiterating that Brent crude will reach its $90/b target by the end of the year.
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OPEC+ is expected to tighten supply in the fourth quarter, and U.S. oil rebounded more than $2 at its low
Time of Update: 2023-03-25
S. stocks rose near record highs, recovering the day's losses; The Joint OPEC+ Technical Committee expects world oil inventories to decline by an average of 1.
S. stocks rose near record highs, recovering the day's losses; The Joint OPEC+ Technical Committee expects world oil inventories to decline by an average of 1.
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Cushing crude oil is going to bottom! Oil prices rose for the ninth consecutive week!
Time of Update: 2023-03-25
With the outbreak of the European energy crisis, OPEC+'s refusal to increase production further and power plant fuel switching, inventories in the largest crude oil inventory center in the United States are rapidly bottoming, which has pushed oil prices further to a seven-year high.
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U.S. crude oil broke above $85 to continue its strong rally, and the imbalance between supply and demand continued to support oil prices
Time of Update: 2023-03-25
In a report predicting recent developments in the oil market, JPMorgan commodity strategist Natasha Kaneva wrote that in a world of widespread shortages of natural gas and coal, this is forcing the power sector to increasingly shift to oil-fired power generation, which will lead to an increase in winter demand for crude oil by 750,000 barrels per day, while current Cushing crude oil storage is at its lowest level since 2018.
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Global renewable energy jobs soared to 12 million in 2020
Time of Update: 2023-03-25
In the renewable energy sector, solar and wind continue to lead global job growth, accounting for 4 million and 1.
In the renewable energy sector, solar and wind continue to lead global job growth, accounting for 4 million and 1.
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International crude oil prices fell sharply
Time of Update: 2023-03-25
9% to $83 per barrel, and the price of intermediate crude oil in West Texas fell 1.
9% to $83 per barrel, and the price of intermediate crude oil in West Texas fell 1.
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Soaring crude oil pushes up gasoline prices in various countries The energy crisis is still fermenting
Time of Update: 2023-03-25
In addition, gasoline prices in India, the world's third-largest oil consumer, have risen 23 percent since the beginning of the year and have reached 107 rupees per litre, equivalent to 9 yuan, as of October 21.
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The 2021 oil price rally is far from over
Time of Update: 2023-03-25
The International Energy Agency (IEA) said last week that OECD business inventories in August were 162 million barrels below the five-year average before the pandemic.
The International Energy Agency (IEA) said last week that OECD business inventories in August were 162 million barrels below the five-year average before the pandemic.
