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Fuel oil: The bearish advantage weakens
Time of Update: 2023-02-01
As the total number of short orders reduced by the main bears was greater than the total number of long orders reduced by the main bulls, the net short position narrowed slightly to 68471 lots.
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Russia said it would not comply with the oil price limit in any form
Time of Update: 2023-02-01
On January 10, local time, the Russian Ministry of Energy said that Russia will respond to the upper limit of Russian energy prices set by Western countries, and the details of the corresponding decre
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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.
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The diesel market environment will be safer and more regulated
Time of Update: 2023-02-01
In general, the inclusion of diesel in the management of hazardous chemicals is the result of multiple requirements, and it is also an important measure to improve the supervision of the domestic refined oil industry.
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Goldman Sachs sings more: oil prices will reach $110 / barrel in Q3
Time of Update: 2023-02-01
”Currie said that if China and other Asian economies fully lift Covid restrictions, Brent crude could reach $110 a barrel by the third quarter.
”Currie said that if China and other Asian economies fully lift Covid restrictions, Brent crude could reach $110 a barrel by the third quarter.
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Zhang Yougen, a member of the CPPCC Jiangsu Province, suggested that the role of the refined oil industry association be brought into play to improve the level of self-discipline in the industry
Time of Update: 2023-02-01
Zhang Yougen believes that the comprehensive rectification of Jiangsu's refined oil market has achieved remarkable results, but there is a situation of "resurgence and endless fighting" in all kinds of illegal operation of refined oil products, and it is urgent to give full play to the function of industry associations, mobilize the forces of all parties in society, and improve the governance capacity and efficiency of refined oil circulation.
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Bears dominated crude oil under recession trading, and lower oil prices eased global inflationary pressures
Time of Update: 2023-02-01
Bears began to dominate commodity markets amid recession trading, and as of the evening of August 4, WTI crude had fallen below $90 a barrel for the first time since geopolitical conflict, a far cry from the year's high of $130.
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Mechanism: Fuel oil drive is also unclear Futures prices are mainly following crude oil
Time of Update: 2023-02-01
With the rebound in the cracking spread of high-sulfur fuel oil, the current driving is also unclear in the context of overseas refinery supply and relatively stable Russian refined oil exports, and the futures price is mainly following crude oil, waiting for further guidance from the implementation of the Russian refined oil embargo in the medium term.
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U.S. WTI crude closed up 3.1% on Wednesday, rising for the fifth straight day
Time of Update: 2023-02-01
S. WTI crude oil futures closed higher on Wednesday and recorded the fifth consecutive trading day of gains.
S. WTI crude oil futures closed higher on Wednesday and recorded the fifth consecutive trading day of gains.
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The rebound in international oil prices is weak, and the bears are optimistic about the policy prospects of the United States and Europe
Time of Update: 2023-02-01
79 million bpd of crude oil in July, higher than the four-year low recorded in June, benefiting from China's overall export growth momentum, according to Chinese customs data.
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Crude oil closes: energy demand is expected to be strong Crude oil futures rose for five consecutive days to hit a new high for the year
Time of Update: 2023-02-01
News on January 12, the US government reported that crude oil inventories recorded one of the largest weekly increases, but in anticipation of strong energy demand in China, crude oil futures closed higher, both hitting the highest close of the year.
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Fuel oil bears are more powerful
Time of Update: 2023-02-01
The data of the top 20 seats in the long and short position ranking of the exchange shows that the position of the fuel oil futures 2305 contract shows a scene of long and short increase.
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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.
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The rebound in international oil prices is weak, and the bears are optimistic about the policy prospects of the United States and Europe
Time of Update: 2023-02-01
79 million bpd of crude oil in July, higher than the four-year low recorded in June, benefiting from China's overall export growth momentum, according to Chinese customs data.
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Oil prices fell below $90 to enter a technical bear market, is there a possibility of reflexivity?
Time of Update: 2023-02-01
In the first week of August, international oil prices fell sharply, of which WTI crude oil fell below the $90 mark, a decline of more than 10%, crude oil began to lead the commodity market, and the do
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To help travel during the Spring Festival, oil prices will fall for the first time in 2023
Time of Update: 2023-02-01
The Spring Festival is approaching, and there is good news in terms of oil prices. At 24 o'clock on January 17, 2023 (zero on Wednesday), it will usher in the first decline in refined oil products in
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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.
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The overseas business of the lubricant company maintained a steady growth momentum
Time of Update: 2023-02-01
Actively build a sales network, and develop more than 40 overseas dealers throughout the year, including more than 10 marine oil dealers in Southeast Asia and Europe, expanding a number of blank markets.
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International crude oil prices rose 3% Brent crude oil exceeded $80 per barrel
Time of Update: 2023-02-01
The UAE "Manifesto" reported that China is the world's largest crude oil importer, China's economic recovery has a great impact on the international oil market, as of 13:12 GMT on the 9th, London Brent crude oil futures rose $2.
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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.
