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The high fever of international oil prices does not subside, when will it turn around?
Time of Update: 2023-02-19
Industry analysis, OPEC+ has always been less willing to increase production, although this increase exceeded market expectations, but still could not fill the global crude oil supply gap caused by the "partial oil ban".
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International oil prices are higher, and OPEC+ is facing a widening credit deficit
Time of Update: 2023-02-19
On Tuesday (June 7), international oil prices rose, and there were doubts that the Organization of the Petroleum Exporting Countries and its partners (OPEC+) raising production targets could ease supply constraints.
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Last week, the average wholesale price of gasoline and diesel rose month-on-month
Time of Update: 2023-02-19
China's gasoline and diesel wholesale prices show that last week (affected by the Dragon Boat Festival holiday, take the average value from May 30 to June 2), the average wholesale prices of 92# gasol
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And add-on! India intends to negotiate an increase in Russian oil imports
Time of Update: 2023-02-19
At a time when sanctions and trade restrictions on Russia imposed by the United States, the United Kingdom and the European Union have led most buyers to flee, Indian state-owned and private refineries have been increasing Russian oil imports.
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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.
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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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Prices! Asian demand rebounded, with Saudi Arabia raising the price of crude oil in the region by $2.1/b
Time of Update: 2023-02-19
OPEC+ agreed on Thursday to accelerate production increases, raising crude oil production by 648,000 barrels per day in July and August, about 50 percent higher than in recent months.
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Behind the Russian-Ukrainian conflict: the energy war is in full swing
Time of Update: 2023-02-19
After Russia's "ruble settlement order" was issued, the United States quickly reached an agreement with the European Union to supply an additional 15 billion cubic meters of natural gas to Europe in the form of LNG by the end of this year.
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Strong U.S. Oil Demand International oil prices rose on June 8
Time of Update: 2023-02-19
The decline in gasoline inventories in the United States last week shows that demand remains strong, and the price of international crude oil futures rose slightly in the overnight market, expanding in early trading on the 8th, and then consolidating in a narrow range, and international oil prices rose at the close.
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Sinopec Great Wall lubricants escorted Shenzhou 14 to the air
Time of Update: 2023-02-19
At 10:44 on June 5, the Shenzhou 14 spacecraft carried three astronauts Chen Dong, Liu Yang and Cai Xuzhe and successfully lifted off. This marks the official start of the first manned mission after t
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US media: US gasoline prices may continue to rise
Time of Update: 2023-02-19
According to CNN, data from the American Automobile Association showed that on the 6th local time, the average gasoline price in the United States rose to $4.
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How to hedge the risk of oil price fluctuations after crude oil returns to $120
Time of Update: 2023-02-19
The picture shows the July contract of CME WTI crude oil futures breaking through $120 / barrel this weekIn our view, the current high crude oil prices are mainly supply issues, the demand outlook is not very optimistic, global economic growth is slowing under high inflation, and even the possibility of a recession is not ruled out.
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Crude oil trading giant Trafigura: Oil prices may reach $150 in the coming months
Time of Update: 2023-02-19
Jeremy Weir, CEO of crude oil trading giant Trafigura, said Tuesday that oil prices could reach $150 a barrel in the coming months and that by the end of the year, the market could start to see demand destruction.
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On June 6, Brent oil prices climbed above $120
Time of Update: 2023-02-19
Oil futures rose sharply on Monday, with Brent crude exceeding $120 a barrel after Saudi Arabia raised its July crude sales price, indicating that supply remains tight even if OPEC+ agrees to accelerate production increases in the next two months, OE website reported on June 6.
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Oil prices broke above $120 per barrel as the market waited for summer demand to pick up
Time of Update: 2023-02-19
85 million barrels last week, while distillate inventories (including diesel) increased by about 3.
85 million barrels last week, while distillate inventories (including diesel) increased by about 3.
85 million barrels last week, while distillate inventories (including diesel) increased by about 3.
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Due to rising refining costs, Canadian oil sands prices lag behind futures market prices
Time of Update: 2023-02-19
Johnson said the high sulfur content and heavy weight of oil produced in the northern Alberta oil sands mean that it is always lower than light crude because of its higher refining costs, but the so-called "quality discount" has recently expanded from $4 to $10 a barrel.
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New York crude broke through the $120 mark to a three-month high
Time of Update: 2023-02-19
Smith said there was a much-needed increase in gasoline inventories on the East Coast, with gasoline imports exceeding 1 million barrels per day for the first time since the summer driving rush in July.
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"Now shipping a ship of Russian oil can make at least $20 million!"
Time of Update: 2023-02-19
Small and medium-sized traders are very popular"Now shipping a ship of Russian oil can make at least $20 million!" A report in the Wall Street Journal at the end of May revealed that with the escalation of Western sanctions, international commodity giants have gradually withdrawn from the Russian oil transportation market, but the move has caused a large number of previously unknown small and medium-sized commodity traders to intervene in the crude oil shipping business and profit from it.
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International oil prices exceeded $120 / barrel! Unsolvable supply shortage?
Time of Update: 2023-02-19
But Russia's crude production and exports will continue to shrink in the second half of the year, with the International Energy Agency (IEA) estimating in its latest oil market report for May that Russia had shut down nearly 1 million b/d of supply in April.
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Oil tanker transshipment "mocking" sanctions, Russian oil "gray transport chain" fat who?
Time of Update: 2023-02-19
Small and medium-sized traders are very popular"Now shipping a ship of Russian oil can make at least $20 million!" A report in the Wall Street Journal at the end of May revealed that with the escalation of Western sanctions, international commodity giants have gradually withdrawn from the Russian oil transportation market, but the move has caused a large number of previously unknown small and medium-sized commodity traders to intervene in the crude oil shipping business and profit from it.
