-
Goldman Sachs lowered its oil forecast for the third quarter to $110, but believes that there are still bullish factors in the oil market
Time of Update: 2023-02-01
Goldman Sachs lowered its Brent crude price forecast for the quarter to $110 a barrel, down from a previous forecast of $140 a barrel, but the investment bank still believes that the case for higher oil prices is still strong.
-
A 32-fold increase year-on-year! India bought another record amount of Russian oil last month
Time of Update: 2023-02-01
Serena Huang, chief Asia analyst at Vortexa, said:Prices could be attractive for Russian crude oil supplies to Indian refineries, which have become Russia's largest buyers of crude oil.
-
U.S. EIA crude inventories unexpectedly surged by nearly 19 million barrels last week, the third-largest increase in history, and oil prices still rose more than 3% intraday
Time of Update: 2023-02-01
More than 15 million barrels of crude oil added last week came from the Gulf of Mexico, with most of the increase in inventories being affected by disruptions to refining operations.
-
The sales company and easyJet work together to promote the sales of lubricants
Time of Update: 2023-02-01
On January 10, Sinopec Sales Company, Lubricating Oil Company and Yijie Company jointly held the 2023 Great Wall Lubricants Special Marketing Deployment Meeting and the Signing and Kick-off Meeting of Designated Personnel in Counties and Districts through video, to clarify the goals, clarify ideas, sort out the key points and provide measures for each sales enterprise to better carry out the lubricating oil business.
-
The news surface guides the breaking of the conventional pattern, how the trend of refined oil products in August
Time of Update: 2023-02-01
At the beginning of August, the calm Shandong market suddenly set off waves, guided by the news, Shandong independent refinery gasoline and diesel prices have soared, as of August 3, gasoline prices 8625 yuan / ton, up 128 yuan / ton or 1.
-
The U.S. House of Representatives enacted legislation to block the government from selling oil to China
Time of Update: 2023-02-01
S. House of Representatives joined Republicans in passing legislation to stop the Biden administration from selling oil from the Strategic Petroleum Reserve to Chinese-owned companies.
S. House of Representatives joined Republicans in passing legislation to stop the Biden administration from selling oil from the Strategic Petroleum Reserve to Chinese-owned companies.
-
The final judgment of the first case of illegal operation of refined oil products in Zhaotong, Yunnan Province was announced: three people were convicted of illegal operation
Time of Update: 2023-02-01
According to the staff of the business department of Sinopec Zhaotong Petroleum Branch, refined oil products are flammable and explosive dangerous chemicals and must be operated with a license.
-
Oil majors earn too much to cause controversy, and many governments are ready to act! The "profiteering tax" is on the string!
Time of Update: 2023-02-01
However, the pressing situation caused the then chancellor of the Exchequer to completely change his position, announcing a £5 billion "windfall profiteering tax" on oil and gas companies to help pay for the plan.
-
The world's first ultra-large crude oil vessel applying innovative decarbonization technology has been recognized in principle by the Italian classification society
Time of Update: 2023-02-01
Schematic diagram of hydrogen production by methane recombinationIt is reported that in order to provide the power load required for the pod thruster, the ship model adopts the technical scheme of methane recombination hydrogen production and hydrogen fuel cell.
-
International oil prices fell to pre-Russian-Ukrainian levels
Time of Update: 2023-02-01
Last week, under the influence of bullish and bearish factors such as the possible slowdown in the pace of Fed interest rate hikes and the heating up of recession worries, the three major stock indexes in the US New York stock market continued to fluctuate, with a cumulative rise and fall throughout the week.
-
Institution: Oil prices continue to rise
Time of Update: 2023-02-01
069 million barrels, mainly due to the sharp increase in crude oil inventories last week due to the closure of most refineries in the US cold wave 。 Third, the Ministry of Commerce recently issued the second batch of crude oil non-state trade import allowances in 2023, with a quota of 111.
-
The oil market is likely to be volatile this week
Time of Update: 2023-02-01
But he stressed that the price of Brent crude traded in WTI and London fell by 10% in the first two trading days of the year, "which is at least the worst start to the new year in three decades, based on past data".
-
Involved in 449 million yuan! A gang that illegally sold refined oil products was destroyed
Time of Update: 2023-02-01
With the arrest of Wang Moumou, a "hidden upline", the Hohhot public security organs successfully smashed a criminal gang that illegally sold gasoline, successively arrested 11 criminal suspects, seized 2 large tanker trucks, 2 small tanker trucks, and 3 fuel dispensers, involving an amount of up to 449 million yuan.
-
Kazakhstan will export oil to Germany through Russia
Time of Update: 2023-02-01
On the same day, Kazakh Prime Minister Smailov said that Kazakhstan and Russia are negotiating cooperation in the field of natural gas.
On the same day, Kazakh Prime Minister Smailov said that Kazakhstan and Russia are negotiating cooperation in the field of natural gas.
-
Turpan Petroleum's refined oil sales in 2022 hit a record high
Time of Update: 2023-02-01
Since 2022, in the face of the severe market situation, Xinjiang Turpan Petroleum has focused on the steady increase in retail volume, analyzed and judged the market, formulated personalized marketing
-
1.5 million tons of new energy! The first batch of export quotas are decentralized, how will the low-sulfur fuel oil market go?
Time of Update: 2023-02-01
" Tian Qiujin said that the domestic low-sulfur fuel oil export quota policy is basically to meet the bonded ship fuel export of domestic refineries and ensure the bonded ship fuel market demand, and the decentralization in the past two years is based on the reference refinery output, according to the needs of enterprises to allocate and timely distribution, did not fundamentally affect the refinery production and supply.
-
There is no obvious sustainability in fundamentals for the time being, and the fuel oil plate performance is weak
Time of Update: 2023-02-01
272 million tons, down 10,000 tons month-on-month; due to poor demand, the theoretical profit of China's domestic trade ship fuel 180cst blending fell, the outlook for marine demand is not clear, and the supply is expected to be neutral.
-
Two "black oil spots" in Puning, Guangdong Province, were knocked out, and about 15 tons of illegal refined oil products were seized
Time of Update: 2023-02-01
Recently, the Development and Reform Bureau of Jieyang City, Guangdong Province received a clue from the Provincial Energy Bureau about the problem, indicating that there are two "black oil spots" in the jurisdiction of Puning City, which seriously disrupt the order of market operation and have great potential safety risks.
-
Goldman Sachs lowered its price forecasts for Brent crude oil in the third and fourth quarters to $110/b and $125/b, respectively
Time of Update: 2023-02-01
" The bank lowered its Brent crude price forecasts for the third and fourth quarters to $110/b and $125/b, respectively, compared with $140/b and $130/b previously, and left unchanged at $125/b in 2023.
-
EIA crude oil inventories increased much more than expected, and U.S. oil maintained a volatile climb in the short term
Time of Update: 2023-02-01
186 million barrels; the previous value decreased by 346,000 barrels; the EIA refined oil inventories in the United States for the week ended January 6 actually decreased by 1.
