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Crude oil trading reminder: OPEC+ insists on production cuts to support oil prices, and many European countries are considering imposing windfall profits taxes on energy companies
Time of Update: 2023-01-05
S. stocks rebounded on Tuesday, with the S&P 500 closing at its highest level in two-and-a-half months as Best Buy's sales forecast dispelled fears that high inflation would lead to lackluster results during the holiday shopping season.
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More than $100,000 a day! Can the crude oil market withstand it?
Time of Update: 2023-01-05
As sanctions against Russia force ships to travel farther routes, oil companies and traders have had to pay increasingly high freight rates, which has increased the cost of crude oil.
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Won the bid| Liaohe Asphalt Company won the bid for the Zhen'an pumped storage power station project
Time of Update: 2023-01-05
In order to adapt to the product requirements of the impermeable layer of Zhen'an pumped storage power station, the company established a working group and spent 3 years fully communicating and technical exchanges with the project team.
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Crude rose 1 percent as the OPEC alliance confirmed it would continue to cut supplies
Time of Update: 2023-01-05
On Monday (November 21), the Wall Street Journal said that the OPEC alliance was considering raising its crude oil production target by as much as 500,000 barrels per day, causing crude oil to plunge by $5 per barrel at one point, hitting a 10-month low.
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Market sentiment continues to come under pressure International oil prices fell significantly on November 18
Time of Update: 2023-01-05
Commerzbank analyst Barbara Lambrecht said the market will undoubtedly focus on OPEC+ crude supplies in the coming weeks, and it remains to be seen how much the actual reduction in production will be after its announcement of a 2 million b/d cut.
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The US military frequently steals Syrian oil, and the Syrian people: it is difficult for us to buy a liter of oil!
Time of Update: 2023-01-05
The US military's occupation of Syrian oil fields and frequent theft of resources has aroused strong dissatisfaction among the local people, who have condemned the bad behavior of the US military and demanded that the US military withdraw as soon as possible.
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After electricity, Germany will impose a 33 percent windfall profits tax on gas, coal and oil companies
Time of Update: 2023-01-05
A draft document disclosed in October showed that the German government plans to cap prices for domestic and industrial electricity consumption, and that the plan will be funded mainly by a windfall profits tax levied on power companies, considering taking away 90 percent of their profits.
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U.S. WTI crude closed up 1.1 percent on Tuesday
Time of Update: 2023-01-05
crude oil futures closed higher on Tuesday (Nov. 22).
crude oil futures closed higher on Tuesday (Nov. 22).
crude oil futures closed higher on Tuesday (Nov. 22).
crude oil futures closed higher on Tuesday (Nov. 22).
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Brent crude fell below $90 / barrel The market once again tested OPEC's determination and ability to hold prices
Time of Update: 2023-01-05
Overall, the crude oil supply side is inelastic under the pattern of OPEC production cuts and slow shale oil production increases, giving strong support for oil prices, while the demand side is dominated by the pace of the Fed's interest rate hikes, the domestic epidemic and other factors, the uncertainty is large, the market expectations are repeated, and oil prices are still dominated by high volatility in the short term.
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Oil prices could soon break above $100
Time of Update: 2023-01-05
According to the UAE's Khaleej Times on November 20, oil market analysts said that although OPEC+ production cuts and the EU embargo on crude oil have led to adverse effects on the global economy, oil prices may soon return to above $100 per barrel, much earlier than analysts predicted two months ago.
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Saudi Arabia and other countries adhere to the position of reducing production, crude oil rebounds by more than 1%
Time of Update: 2023-01-05
Saudi Arabia firmly took the position of OPEC+ production cuts, and the United Arab Emirates also denied rumors of production increases, and international oil prices closed higher on Tuesday.
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Crude oil closed: inventories rose more than market expectations Crude oil closed sharply lower under pressure
Time of Update: 2023-01-05
Specific data showed that the EIA crude oil inventory changes in the United States for the week ended November 18 actually decreased by 3.
Specific data showed that the EIA crude oil inventory changes in the United States for the week ended November 18 actually decreased by 3.
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Deputy Prime Minister of Russia: There will be no oil supplies to countries that limit the price of Russian oil
Time of Update: 2023-01-05
Russian Deputy Prime Minister Novak in charge of energy work said on November 21 local time that Russia will not supply oil and petroleum products to countries that impose price limits on Russian oil, and will readjust exports or reduce production for this purpose.
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British media: Britain claims to ban the import of Russian oil, but still buys in large quantities
Time of Update: 2023-01-05
UK ports received more than £78 million worth of Russian oil in June, with imports from the Netherlands, Estonia, Poland and Belgium, according to data from the General Administration of Revenue and Customs; In July, another £1.
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Deputy Prime Minister of Russia: There will be no oil supplies to countries that impose oil price limits
Time of Update: 2023-01-05
Russian Deputy Prime Minister Alexander Novak, who is in charge of energy, said on November 21 that Russia will not supply oil and petroleum products to countries that set a ceiling on oil prices, so Russia will reorient exports or reduce production.
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Overview of petroleum bitumen varieties
Time of Update: 2023-01-05
At present, petroleum asphalt has been widely used in various fields of the national economy, especially with the development of highway transportation, the use of high-grade road asphalt paved more and more.
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CCUS technology supports the carbon cycle to empower the sustainable development of oil companies
Time of Update: 2023-01-05
The carbon cycle is built on the concept of a circular economy and relies on CCUS, with the goal of achieving net-zero emissions by reducing and offsetting carbon dioxide and other greenhouse gas emissions from the atmosphere.
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Crude oil closes: the market shakes off OPEC+ production increase rumors Crude oil futures closed sharply higher
Time of Update: 2023-01-05
04 a barrel on Monday, after falling more than 5 percent at Monday's session low, and West Texas Intermediate hit its lowest since January on Monday.
04 a barrel on Monday, after falling more than 5 percent at Monday's session low, and West Texas Intermediate hit its lowest since January on Monday.
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The Market Supervision Bureau of Bozhou City, Anhui Province carried out random inspections of the quality supervision of refined oil
Time of Update: 2023-01-05
In the past few days, the Bozhou Market Supervision Bureau of Anhui Province has carried out quality supervision and random inspection of refined oil products to standardize the order of the refined o
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"Zeroing" of Russian oil? This big embarrassment in Britain has been exposed!
Time of Update: 2023-01-05
And it is extremely embarrassing that although the official statistics of the United Kingdom show that the UK's Russian oil imports in June and July this year have been "cleared", in fact, more than 80 million pounds worth of Russian oil arrived in various British ports in the name of a third party in the name of a third party.
