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Soaring global fuel costs are disrupting demand refining margins are unlikely to continue to rise
Time of Update: 2023-02-13
Mike Muller, head of Vitol Group Asia, said on a podcast produced by Gulf Intelligence last Sunday that consumers are being hit by rising prices for gasoline, diesel and other petroleum products.
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The world's largest crude oil trader: the evidence is clear! High oil prices are undermining demand
Time of Update: 2023-02-13
"Victor Group, the world's largest independent crude oil trader, said soaring global fuel costs were beginning to weigh on demand.
"Victor Group, the world's largest independent crude oil trader, said soaring global fuel costs were beginning to weigh on demand.
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The Libyan National Oil Company declared force majeure in two ports and an oil field
Time of Update: 2023-02-13
The statement said the shutdown caused losses of more than 16 billion Libyan nares ($3.
The statement said the shutdown caused losses of more than 16 billion Libyan nares ($3.
The statement said the shutdown caused losses of more than 16 billion Libyan nares ($3.
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Supply concerns will still support oil prices The market expects oil prices to hold steady above $100 this year
Time of Update: 2023-02-13
The latest Reuters survey data released on Thursday (June 30) showed that oil prices are expected to remain above $100 per barrel this year, mainly because Europe and other regions are difficult to get rid of dependence on Russian crude supplies, although downside risks to the global economy may slow the pace of oil price climbing.
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Putin has once again played a clever hand, and the supply of crude oil in Europe has been reduced by more than one million barrels
Time of Update: 2023-02-12
Bloomberg oil strategist Julian Lee wrote that Russian President Vladimir Putin has found another weapon that can be used against the European countries that support Ukraine — Kazakhstan's crude oil, and that it will hardly cost Russia.
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International oil prices plunged 10%, global recession alarm sounded?
Time of Update: 2023-02-12
To this end, the United Nations, the International Monetary Fund (IMF), the World Bank, the OECD and others have all lowered their global economic growth forecasts in their latest forecasts.
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The United States and allies have discussed capping the price of Russian crude at $40-60
Time of Update: 2023-02-12
People familiar with the matter said that the range is what allies consider Russia's marginal production costs to oil prices before the Russian-Ukrainian conflict.
People familiar with the matter said that the range is what allies consider Russia's marginal production costs to oil prices before the Russian-Ukrainian conflict.
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Supply tightness or further increase, U.S. oil closed up 2% to the $110 mark
Time of Update: 2023-02-12
Stephen Brennock of oil broker PVM said: "This week's strike could cut supplies from Norway, Western Europe's largest oil producer, reducing overall oil production by around 8 percent, adding to the potential supply woes.
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ICE cuts initial margin for September Brent crude futures by 12.5%
Time of Update: 2023-02-12
35 / barrel (previously $10.
35 / barrel (previously $10.
35 / barrel (previously $10.
35 / barrel (previously $10.
69 / barrel), effective since Wednesday's close.
69 / barrel), effective since Wednesday's close.
69 / barrel), effective since Wednesday's close.
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Is Japan going to attack Russian oil? The Russian side put down harsh words
Time of Update: 2023-02-12
Medvedev said that if the G7 summit statement said it would discuss setting a price cap was achieved, "there will be less oil on the market and prices will rise astronomically.
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China's biological aviation coal has achieved the first large-scale industrial trial production
Time of Update: 2023-02-12
The reporter learned from the Information Office of Sinopec a few days ago that China's first set of bio-jet coal industrial devices produced bio-jet coal for the first time in Sinopec Zhenhai Refining and Chemical.
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Outburst! International oil prices plunged 10%
Time of Update: 2023-02-12
The price of New York light crude oil futures for August delivery fell as low as $97.
The price of New York light crude oil futures for August delivery fell as low as $97.
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For the first time in the year, crude oil fell sharply in June
Time of Update: 2023-02-12
The macro strategy department of Bosera Fund pointed out that with the slow increase in production of OPEC and important crude oil exporters such as the United States, the peak season of crude oil demand is coming, the overall supply and demand pattern is tight, and the high volatility of oil prices around the high center under low inventories will continue.
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Institutions: Crude oil plunge weighs on fuel oil prices
Time of Update: 2023-02-12
Crude oil morning commentary: The US dollar index rose, the market's concerns about the global recession and falling energy demand increased, Citi shorted crude oil, and international oil prices fell
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Large quantities of oil have been found in the Russian Arctic
Time of Update: 2023-02-12
Rosneft noted that the discovery proves "the enormous oil potential of the Timano-Pechora region, which will serve as the basis for the company to continue its research and development of the region".
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Crude oil supply and demand are still variable Enterprises should pay attention to risk management
Time of Update: 2023-02-12
He said: "Affected by the reduction in Russian refined oil exports, the supply of refined oil products in Europe and the United States is tight, the market is panicking, and the crack spread has risen, although it has fallen recently, but it is still much higher than the normal range.
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Don't misread oil price control policies
Time of Update: 2023-02-12
Recently, the National Development and Reform Commission announced that in order to reduce the burden on downstream users and consumers and reduce the operating costs of the real economy, when the int
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Great Wall Lubricants won the bid for the Hangzhou Metro Airport Express project
Time of Update: 2023-02-12
The project attracted many domestic and foreign brands to bid, Sinopec Great Wall Lubricants stood out with its technical and service advantages, and realized the full series of cooperation between Sinopec Great Wall Lubricants in Hangzhou Metro General Grease and Metro Gearbox Oil. At the beginning of July, Sinopec Lubricants Co.
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International oil prices fell below $100! Domestic refined oil products are expected to meet the third downward adjustment
Time of Update: 2023-02-12
Industry insiders predict that if international oil prices continue to fall, then domestic refined oil prices are expected to fall for the third time this year.
Industry insiders predict that if international oil prices continue to fall, then domestic refined oil prices are expected to fall for the third time this year.
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JPMorgan Chase: If Europe and the United States push Russia too hard, the oil price is $380 to see!
Time of Update: 2023-02-12
But JPMorgan believes Russia has the ability to cut daily crude oil production by 5 million barrels without unduly damaging the economy.
But JPMorgan believes Russia has the ability to cut daily crude oil production by 5 million barrels without unduly damaging the economy.
