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The market continues to digest the news of EU sanctions against Russia International oil prices rose on June 1
Time of Update: 2023-02-20
As the market continued to digest the news of EU sanctions against Russian oil exports and Shanghai's full implementation of normalized management of epidemic prevention and control, international crude oil futures prices rose in the overnight market, rising in intraday volatility on the 1st, falling rapidly at the end of the day, and international oil prices rose at the close.
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Yibin, Sichuan Province: Urban linkage to control the "four blacks", departments jointly speculate on the "den"! More than 5,940 litres of diesel fuel were seized
Time of Update: 2023-02-20
Recently, the Market Supervision Bureau of Yibin City, Sichuan Province, led by the Cuiping District Market Supervision Bureau and the District Public Security Sub-Bureau, successfully destroyed 2 suspected illegal operating black dens hidden in a self-built parking lot, seized more than 5940 liters of diesel, and seized gas dispensers and other criminal tools according to law.
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It is rumored that Saudi Arabia will increase oil production, and oil prices fell below $113
Time of Update: 2023-02-20
Note that WTI crude futures prices plunged below $113 per barrel after reports that Saudi Arabia would be prepared to increase production if Russia's oil production fell sharply due to financial sanctions.
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The quality of refined oil products in Shaanxi Province has been upgraded to the National VIB standard
Time of Update: 2023-02-20
On June 1, Shaanxi Province's refined oil quality upgrade National VIB standard gasoline press conference was held in Xi'an, which is a major action for our province to resolutely win the blue sky defense war and continue to promote the blue sky and clear water and pure land defense war to the depth.
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Crude oil closes: OPEC + weighs Russia's exemption from production restrictions U.S. oil closed lower but rose 9.5% this month
Time of Update: 2023-02-20
News on June 1, oil prices fell on Tuesday after some members of the Organization of the Petroleum Exporting Countries were considering exempting Russia from oil production targets.
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Chinese enterprises invest in the development of the Zharzaiting oil field in Algeria
Time of Update: 2023-02-20
, Ltd. and Algerian Petroleum Corporation held a signing ceremony in Algiers on May 28, and the two sides will invest US$490 million to jointly develop the Zal Zaitin oil field in the eastern Algerian province of Ilizi, of which Chinese investment accounts for 70%.
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OPEC may consider temporarily excluding Russia from the oil production agreement
Time of Update: 2023-02-20
Excluding Russia could pave the way for Saudi Arabia, the United Arab Emirates and other OPEC members to increase output to meet production targets.
Excluding Russia could pave the way for Saudi Arabia, the United Arab Emirates and other OPEC members to increase output to meet production targets.
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Biden: Russia can continue to export oil but it must be well below the market price
Time of Update: 2023-02-20
Biden's speech at the White House (Reuters)"There is now a conundrum, and Europe has decided to further restrict the purchase of Russian oil," Biden said.
Biden's speech at the White House (Reuters)"There is now a conundrum, and Europe has decided to further restrict the purchase of Russian oil," Biden said.
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The United States and Europe have "controlled" Russia to increase the size
Time of Update: 2023-02-20
On June 3, the European Commission announced the sixth round of sanctions against Russia, including a partial oil embargo, sanctions against Russian tankers, banks and media.
On June 3, the European Commission announced the sixth round of sanctions against Russia, including a partial oil embargo, sanctions against Russian tankers, banks and media.
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Saudi Arabia is expected to raise the price of crude oil sold to Asia in July
Time of Update: 2023-02-20
China's reopening and strong Asian refinery profits will prompt Saudi Arabia to raise the official selling price of all grades of crude oil sold to the region in July, six refinery officials said on Monday.
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Russian oil production edged up to 10.17 million b/d
Time of Update: 2023-02-20
Foreign news on May 30, TASS reported on Monday that Russia's daily oil production from May 1 to 29 increased slightly to 10.
Foreign news on May 30, TASS reported on Monday that Russia's daily oil production from May 1 to 29 increased slightly to 10.
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New EU sanctions against Russia will come into force
Time of Update: 2023-02-20
At a special EU summit held on May 30-31, the leaders of EU member states agreed to grant exemptions to the oil embargo on Hungary and other countries and agreed to a sixth round of sanctions against Russia.
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Saudi Arabia will raise its official selling price for all grades of crude in Asia
Time of Update: 2023-02-20
Saudi Arabia lowered Asian prices in June from a record high premium to its regional benchmark for May. Six refining sources told Reuters in an investigation on Monday that strong Asian refining profits could prompt Saudi Arabia to raise the official selling price of all grades of crude it will sell in major Asian markets in July, according to Oil Price Network on May 30.
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It is difficult for the EU to abandon the purchase of Russian oil "one move to control the enemy"
Time of Update: 2023-02-20
On May 30-31, the EU held an informal summit in Brussels to discuss the situation in Ukraine. After intense consultations and bargaining among the leaders of the 27 EU member states, the "boots" of th
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The dollar strengthens and oil prices rise
Time of Update: 2023-02-20
Although the stock and bond markets have plummeted in the past two months, the US dollar has continued to strengthen with its status as a "global safe haven", oil prices reported on May 30.
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In order to reach an oil embargo agreement, the EU has proposed to postpone the ban on critical transport pipelines
Time of Update: 2023-02-20
Since sea supply accounts for about two-thirds of Russia's oil imports, the proposal initially planned to phase out sea freight.
Since sea supply accounts for about two-thirds of Russia's oil imports, the proposal initially planned to phase out sea freight.
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EU sanctions on Russian oil increase or push up inflation The ECB's monetary policy is under pressure
Time of Update: 2023-02-20
Analysts believe that the recent turmoil in the European energy market, soaring food prices, and the overall rise in inflation in the euro area, the latest measures of the EU may lead to an intensification of inflation upward risks, putting pressure on the monetary policy of the European Central Bank.
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US media: Accommodation to Hungary, the European Union or postpone restrictions on pipeline oil imports from Russia
Time of Update: 2023-02-20
Bloomberg: The EU plans to release pipeline oil to break the deadlock in sanctions against RussiaFor the time being, there are no restrictions on the transportation of oil from the Druzhba pipelineAccording to the source, the European Commission submitted a revised sanctions plan against Russia to the governments of member states on the 28th.
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The Russia-Ukraine conflict affects international oil prices
Time of Update: 2023-02-19
Overall, the recent OPEC production increase is less than expected, driven by EU sanctions against Russia and strong demand for refined oil, oil prices will continue to fluctuate in the future.
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Crude oil: shock consolidation The trend is still on the strong side
Time of Update: 2023-02-19
However, with the arrival of the peak of summer oil consumption in the northern hemisphere and the hopelessness of the short-term return of Russian and Iranian crude oil, the average price of crude oil may remain high in the coming week under the continuation of the supply shortage pattern.
