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Rose! Rose! Rose! Is there a cap on international oil prices?
Time of Update: 2023-02-15
Maintain the same rhythm of changes in oil and gas production and changes in demand for economic and social development, and provide stable supply and demand balance expectations for the operation of the oil futures market, so as to keep prices in a reasonable range.
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Crude oil supply and demand expectations weaken prices may come under pressure in the future
Time of Update: 2023-02-15
In the context of weakening oil market supply and demand expectations and continuous tightening of global liquidity, crude oil futures prices at home and abroad fell from high levels last week.
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Crude oil closes: tight supply and demand growth boost Crude oil futures closed higher
Time of Update: 2023-02-15
News on June 22, the high demand for fuel in the summer in the United States, but the still tight supply caused by sanctions against Russia continued to support oil prices, and crude oil futures rebounded slightly from last week's sharp downward trend to close higher.
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Does the EU want to increase sanctions? Why is the Russian economy so "resistant"
Time of Update: 2023-02-15
2% year-on-year in May. Xinhua News Agency reported that the EU's oil sanctions on Russia have strengthened expectations that oil prices will remain high and will delay the time for overall inflation to fall, further impacting European businesses and households.
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Supply tightness is expected to continue International oil prices rose on June 21
Time of Update: 2023-02-15
As the market expects that the tight oil supply situation will continue, the international crude oil futures price rose in the overnight market, and the 21st was strongly volatile during the session, and the international oil price rose at the close.
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Tight supply has led to higher oil prices
Time of Update: 2023-02-15
Oil prices rose 1% on Tuesday (June 21), erasing more of last week's losses as investors focused only on tight supplies of crude oil and fuel products rather than fearing that a recession would dampen future demand.
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Daqing petrochemical petroleum coke production and full sales volume increased in tandem
Time of Update: 2023-02-15
Daqing Petrochemical Company closely focuses on market demand, matches resources according to the best efficient processing route, makes every effort to grasp the supply of raw materials and products, and steadily delays the processing load of the coking lifting unit by reducing the slag mixing ratio of the heavy oil catalytic device, and the plant processes 3,400 tons of raw materials per day.
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Experts say the next price adjustment will fall, but in the second half of the year it may rush to $130
Time of Update: 2023-02-15
What are the knock-on effects of high oil prices?Cui Dongshu, Secretary-General of the National Passenger Vehicle Market Information Association of Sina Finance Weibo Lianmai, Gao Xinwei, Professor of the School of Economics and Management of China University of Petroleum (East China), and Wang Yanting, Senior Analyst of Jinlianchuang Energy, discussed the chain reaction caused by the high volatility of oil prices and the market trend in the second half of the year.
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Ten times in half a year! Why is domestic refined oil so "crazy"
Time of Update: 2023-02-15
In May 2009, the National Development and Reform Commission formulated and issued the Measures for the Administration of Petroleum Prices (for Trial Implementation), which requires that the maximum retail price of domestic refined oil products be adjusted according to the changes in international crude oil prices within 22 working days.
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Why can't oil prices collapse in the short term?
Time of Update: 2023-02-15
Over the past two years, the low or even negative interest rate strategies of central banks around the world have increased their support for the economy, but for OPEC+, which plays the role of the oil market "savior" in the global economy, they are running out of spare capacity for crude oil.
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Global oil prices have risen by 50% this year Oil giants said: the next 5 years will be tight
Time of Update: 2023-02-15
Since 2022, global oil prices remain high, and still rising, this half year has risen by 50%, there is still no trend of price reduction, oil giant ExxonMobil is even more statement, the next three or five years will be tight.
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JPMorgan: The suspension of the US gasoline tax actually pushed up gasoline prices
Time of Update: 2023-02-15
Interventions currently under discussion include cutting gasoline taxes, adjusting biofuel blending requirements, and restricting fuel exports, which instead encourage people to drive more and gasoline prices will fall only when demand falls.
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The high level of international oil prices has fallen, and the gap between supply and demand provides support
Time of Update: 2023-02-15
On the supply side, 1) OPEC's demand for high oil prices may continue, according to the statistics released by OPEC in June, OPEC crude oil production in May was 28.
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The National Development and Reform Commission speaks! Domestic oil prices, in this case, are temporarily not raised
Time of Update: 2023-02-14
At the same time, in order to protect the production enthusiasm of oil refining enterprises and ensure the safe and stable supply of refined oil, the central government will give a phased price subsidy to the refining enterprises, and the subsidy standard is that the price of gasoline and diesel should be adjusted in the price adjustment cycle, and the qualified refining enterprises can apply according to the process.
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Many industries are facing high oil price pressure, and the profits of listed companies such as petrochemical logistics have been squeezed
Time of Update: 2023-02-14
”The profits of companies such as petrochemical logistics have been squeezed"The rise in oil prices affects all aspects of the industrial chain, not only transportation and logistics, but also products based on crude oil such as chemicals.
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Rosneft's "Vostochny Oil" project is expected to become a stabilizer in the global energy market
Time of Update: 2023-02-14
Recently, the 25th St. Petersburg International Economic Forum Energy Sub-Forum was held in Russia in a combination of online and offline methods, and representatives of enterprises and experts from many countries and regions gathered together to discuss the practical problems and solutions of global energy.
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British media: G7 wants to limit the price of Russian oil and looks for China and India
Time of Update: 2023-02-14
On June 28, at the end of the G7 leaders' summit, a source told Reuters that the G7 had held discussions with China and India on the key topic of the meeting, "restricting Russian oil prices", and rated it as "positive and productive".
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The United States has decided to impose a price cap on Russian oil!
Time of Update: 2023-02-14
S. Treasury Secretary Janet Yellen said that the United States is now discussing with its allies how to cap Russia's oil prices to limit Moscow's energy revenues, and it is clear that the United States has realized that sanctions against Russian energy have brought it not harm, but consumption incentives.
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After the international oil price exceeds the upper limit of $130 per barrel, the domestic refined oil price will not be raised for the time being
Time of Update: 2023-02-14
At the same time, in order to protect the production enthusiasm of oil refining enterprises and ensure the safe and stable supply of refined oil, the central government will give a phased price subsidy to the refining enterprises, and the subsidy standard is that the price of gasoline and diesel should be adjusted in the price adjustment cycle, and the qualified refining enterprises can apply according to the process.
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Is it difficult to increase production in the sky? OPEC+ has lagged more than 500 million barrels of cumulative oil production since May 2020
Time of Update: 2023-02-14
Since OPEC+ began cutting production in May 2020 to rebalance the global oil market, the organization's cumulative oil production has been 562 million barrels less than the agreed levels.
