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OPEC+ responds to Biden's visit with a "negligible" increase in production! Production increased slightly by 100,000 b/d in September
Time of Update: 2023-02-05
S. President Joe Biden will begin traveling to Saudi Arabia on July 12 to meet with Gulf leaders and demand OPEC countries to increase oil production to reduce gasoline prices.
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European and American oil giants make huge profits under the energy crisis, and the UN Secretary-General criticizes them by name as "immoral"
Time of Update: 2023-02-05
BP released its financial report for the second quarter of 2022 on the 2nd, showing that its net profit was about three times that of the same period last year, reaching $9.
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Bonda Asia: Crude oil prices fell sharply USD/CAD rebounded to close higher
Time of Update: 2023-02-05
The RBA warned in the morning that further rate hikes would be needed in the future as inflation would rise to its highest level in nearly 30 years, which would make it possible for the economy to slow further and make it difficult to maintain "plateau".
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US media: Saudi Arabia rejected Biden's request to increase oil production
Time of Update: 2023-02-05
Saudi Arabia refused Biden's request to increase oil production, and the New York Post published an article on August 3, local time, reporting that Saudi Arabia announced on August 3 that they would increase oil production by 100,000 barrels per day starting next month.
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Application of deep profile adjustment technology in low permeability reservoirs
Time of Update: 2023-02-05
Deep profile adjustment is to inject a weak gel conditioner into the oil layer that can not only play a certain blocking role, but also have a certain migration ability. This weak gel conditioner ente
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U.S. crude oil and gasoline inventories have increased more than expected International oil prices may come under pressure in the medium term
Time of Update: 2023-02-05
Picture says: A slight increase in the September production quota of 100,000 barrels / day Image source: OPEC official websiteGuotai Junan Futures said that the results of the meeting were relatively neutral, and there was no unexpected supply reduction, which was limited to the boost to oil prices.
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Jianguo Gas Station on the Third Ring Road in Huangchuan County, Henan Province, was punished for operating refined oil products with unqualified product quality
Time of Update: 2023-02-05
On January 8, 2022, the law enforcement personnel of the Huangchuan County Market Supervision Bureau conducted on-site inspections of the quality of refined oil products sold at the Jianguo Gas Station on the Third Ring Road of Huangchuan County according to the report clues, and entrusted a third-party testing company to inspect the oil products E92# vehicle ethanol gasoline (VI) No. 3 tanks suspected of unqualified product quality.
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Application of seam network fracturing technology in low-abundance oilfield
Time of Update: 2023-02-05
Through technical demonstration, large-scale fracture network technology is applied to low-yield oil wells with poor water injection efficiency and structural edge for fracturing transformation, which can maximize the contact area between artificial fractures and reservoirs and increase the production capacity of single wells.
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EIA crude oil inventories rose sharply more than expected, and U.S. oil fell slightly by $0.4 in the short term
Time of Update: 2023-02-05
On Wednesday (August 3) in the New York session, at 22:30 Beijing time, data released by the US EIA showed that in the week ending July 29, the US commercial crude oil inventories in addition to strategic reserves increased more than expected, refined oil inventories fell more than expected, and gasoline inventories increased slightly.
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High oil prices will pose a high risk to the global economic recovery
Time of Update: 2023-02-05
In addition, the International Energy Agency slightly lowered its global oil daily demand growth forecast this year to 1.
In addition, the International Energy Agency slightly lowered its global oil daily demand growth forecast this year to 1.
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It is proposed to establish a direct distribution system and trace the source of the whole chain! The Regulations on the Supervision and Administration of Oil Products in the Shenzhen Special Economic Zone (Draft) are for comments
Time of Update: 2023-02-05
Recently, the Shenzhen Municipal Government organized the drafting of the "Shenzhen Special Economic Zone Oil Products Supervision and Administration Regulations (Draft)" (hereinafter referred to as t
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WTI crude fell below $90 a barrel as lower oil prices eased global inflationary pressures
Time of Update: 2023-02-05
As far as China is concerned, inflationary pressure in the second half of the year comes from two aspects: first, imported inflation, including high energy prices, food crisis, and phased depreciation of the exchange rate; The second is domestic inflation factors, including a new round of pig cycle and the strengthening of PPI transmission to CPI.
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International oil prices are weak, and OPEC+ is expected to bow to US pressure even if demand slows
Time of Update: 2023-02-05
But due to higher prices, Russia's oil export revenue rose by $700 million month-on-month in June, 40% higher than last year's average.
But due to higher prices, Russia's oil export revenue rose by $700 million month-on-month in June, 40% higher than last year's average.
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The global chemical M&A transaction structure is becoming flexible
Time of Update: 2023-02-05
As part of the transaction, LANXESS AG also merged its Performance Materials business with DSM Engineering Materials to acquire a 40% stake in the combined company for EUR 1.
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Good for the tanker market! The first batch of refined oil export quotas in 2023 was issued, a year-on-year increase of 46%
Time of Update: 2023-02-03
On January 3, the Ministry of Commerce issued the first batch of refined oil export quotas, the amount of nearly 19 million tons, an increase of 46% over 2022, the overall direction of the relaxation
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Unqualified oil sales Huayuan Refined Oil Sales Co., Ltd. was punished
Time of Update: 2023-02-03
, Ltd. on September 20, 2022, of which E92# automotive ethanol gasoline purchased a total of 2 tons, the purchase price was 8820 yuan / ton, and the sales price was 6.
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The geopolitical game intensifies The market drive and contradiction of fuel oil itself are not prominent
Time of Update: 2023-02-03
First, the market reviewYesterday (December 28), the price trend of low and high sulfur fuel oil continued to rise, with the FU2305 contract rising 65 yuan / ton, or 2.
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Experts expect oil demand to grow in 2023
Time of Update: 2023-02-03
Founded in 1960, OPEC currently includes 13 oil-exporting countries, while OPEC+ was established in November 2016 as an alliance between OPEC members and 10 oil-producing countries outside the organization led by Russia to ensure the stability of the global oil market.
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International oil prices fell by nearly 2%, and Russia's move has long been priced in by the market
Time of Update: 2023-02-03
S. crude inventories fell less than expected and the Arctic cold snap forced refinery facilities to shut down, curbing crude demand.
S. crude inventories fell less than expected and the Arctic cold snap forced refinery facilities to shut down, curbing crude demand.
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Putin signed a decree to counter the price limit on Russian oil, what is the impact on the energy market?
Time of Update: 2023-02-03
On December 27, local time, Russian President Putin signed a presidential decree resolutely countering the West's move to set a price ceiling on Russian oil.
On December 27, local time, Russian President Putin signed a presidential decree resolutely countering the West's move to set a price ceiling on Russian oil.
