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The Fed's policy spillover may accelerate the trend of global monetary tightening
Time of Update: 2023-02-23
Experts said that the United States has entered a cycle of interest rate hikes, which has brought increasingly severe challenges to the capital markets, local currency exchange rates and monetary policies of developing countries and emerging market economies, and has also exposed them to more financial risks.
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"Eat the oil" spit out "methane" "Wukong fungus" eat dry squeezed every drop of crude oil
Time of Update: 2023-02-23
Wang Weidong said that at present, the oil recovery rate of domestic oil is less than 50%, while the oil recovery of natural gas is as high as 90% or more, and the degradation of liquid crude oil into gaseous methane by bacteria can improve energy efficiency and greatly extend the economic development life of old oilfields.
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Shanxi Petroleum's refined oil sales reached a new high in April
Time of Update: 2023-02-23
In April, Shanxi Petroleum optimized the operation of oil resources, strengthened customer service improvement, competed for the market and won benefits, and achieved stable business operations during
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U.S. eases sanctions on Venezuela Crude oil futures closed lower on May 17
Time of Update: 2023-02-23
In the early morning of May 18, Beijing time, crude oil futures prices closed down on Tuesday (May 17).
In the early morning of May 18, Beijing time, crude oil futures prices closed down on Tuesday (May 17).
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Create a model gas station to enhance market competitiveness
Time of Update: 2023-02-23
At the same time, Guangdong Petroleum requires the organs to circle around the grass-roots level, smooth the communication channels between provincial and municipal companies, economic management departments, and gas stations, so that grass-roots problems can be solved in the first time, and timely help employees optimize working methods, equip efficient tools, and improve logistics facilities.
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U.S. proposal to allow talks with Venezuela's state-owned oil producer sent oil prices down 2 percent
Time of Update: 2023-02-23
56 a barrel, the highest since March 24;Rebecca Babin, senior energy trader at CIBC Private Wealth Management, said plans to ease some sanctions on Venezuela "should be seen as positive, but should not be mistaken for an immediate easing of the supply crunch we are experiencing";Fed Chairman Jerome Powell said there could be some economic pain as inflation was lowered, and oil prices fell further.
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Ukraine's foreign minister said Germany had become one of the countries pushing for an embargo on Russian oil
Time of Update: 2023-02-23
Ukrainian Foreign Minister Culeba posted a video on social media on May 15, local time, saying that Germany has become one of the European countries that have promoted the embargo on Russian oil.
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What is the use of petroleum coke? What equipment is used for petroleum coke milling?
Time of Update: 2023-02-23
2. According to its quality, petroleum coke can be used in graphite manufacturing, smelting and chemical industry.
2. According to its quality, petroleum coke can be used in graphite manufacturing, smelting and chemical industry.
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International oil prices have been tested by three major events
Time of Update: 2023-02-23
In the future, the supply side will continue to show a state of increasing crude oil production, but the demand side will weaken overall due to high oil prices and slowing economic growth.
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16 million tons of refining and chemical integration project put into operation: the total investment of 67.7 billion single process scale is the largest
Time of Update: 2023-02-23
In 2021, the revenue of Oriental Shenghong Petrochemical and chemical new materials accounted for nearly 60%, and after the refining project was put into operation, it opened up the industrial chain of crude oil refining and high-end chemical industry, and achieved a leap from about 50% to more than 70% in the proportion of high value-added and scarce chemical products in China such as aromatics and olefins.
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Henan Province Zhengzhou random inspection of vehicle ethanol gasoline and other product quality PetroChina Zhengzhou gas station refined oil is not qualified
Time of Update: 2023-02-23
On May 18, the Market Supervision Bureau of Zhengzhou City, Henan Province, released the results of the special supervision and random inspection of the quality of vehicle ethanol gasoline and other p
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International crude oil futures settlement price closed lower WTI crude oil settlement price exceeded oil for the first time in two years
Time of Update: 2023-02-23
This is the first time since May 2020 that WTI crude oil futures have settled at a higher price than Brent oil.
This is the first time since May 2020 that WTI crude oil futures have settled at a higher price than Brent oil.
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International Energy Agency: Fossil fuel prices have increased the competitiveness of renewable energy
Time of Update: 2023-02-23
For newly signed projects, long-term contracts offered by onshore wind and photovoltaic power generation companies are well below the average wholesale electricity prices for the past six months, despite the increased costs.
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The West pushed for an embargo on Russian oil? Russian media: It will be difficult to find an alternative country
Time of Update: 2023-02-23
Kazakhstan has the largest proven oil reserves in the Caspian Sea region, but most of its oil needs to be exported through Russian oil pipelines, and Russia may not allow Kazakh oil to enter Europe.
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Crude oil inventories fell more than expected, and the United States and Burundi oil fell back in the short term
Time of Update: 2023-02-22
S. commercial crude inventories excluding strategic reserves fell more than expected in the week ended May 13, refined oil inventories increased more than expected, and gasoline inventories fell more than expected.
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The tools of the crime came from gas stations
Time of Update: 2023-02-22
Subsequently, the prosecutor questioned the person in charge of the gas station, Wang Mou. Wang said that he knew that the real-name registration system was implemented for the sale of bulk gasoline, but the requirements were not too strict now, so he did not let Zhao provide procedures for purchasing bulk gasoline.
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Jilin Petrochemical has opened up new uses for coking wax oil
Time of Update: 2023-02-22
After repeated demonstrations, Jilin petrochemical technicians decided to use coking wax oil for blending and producing low-sulfur marine fuel oil, and immediately began to formulate a process optimization scheme and blending ratio scheme.
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The mismatch between crude oil's fragile supply system and demand recovery
Time of Update: 2023-02-22
Against the backdrop of rising geopolitical risks in 2022, the fragility of the global crude oil supply chain will emerge, and high oil prices will become the norm.
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The oil market is more worried about the downturn in the U.S. economy than about tight fuel inventories
Time of Update: 2023-02-22
Both benchmarks hit eight-week highs early Tuesday but then retreated later in the day and joined the sell-off on Wall Street on Wednesday as investors renewed concerns about a possible recession as top retailers pointed to soaring costs and supply chain bottlenecks in their quarterly earnings reports.
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To paralyze the Russian oil industry, the Biden administration is planning "secondary sanctions"
Time of Update: 2023-02-22
New York Times: The United States aims to weaken the Russian oil industryIt wants to stifle Russian oil revenues and lead to inflation in the countrySince the Russia-Ukraine conflict on February 24, Western countries have offered multiple rounds of sanctions against Russia covering the fields of economy, finance, energy, airspace, science and technology, culture and sports.
