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West intends to set a price cap on Russian oil exports International oil prices fell significantly on November 23
Time of Update: 2023-01-04
Due to the high ceiling of the price set by the G7 plan for Russian offshore oil exports, coupled with the significant increase in refined oil inventories in the United States last week, the price of international crude oil futures turned from rising to falling in the overnight market, and the morning of November 23 fluctuated lower, followed by a narrow consolidation, and international oil prices fell significantly at the close.
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Global oil freight rates soared and the demurrage of oil tankers was $100,000 per day
Time of Update: 2023-01-04
In the tanker market, daily freight rates for delaying a vessel (like a taxi waiting in a meter) now reach around $100,000, according to traders and shipbrokers.
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Sinosure successfully underwrote the bonded fuel oil bunkering business in Shanghai
Time of Update: 2023-01-04
This business is the first order to land after Shanghai issued a bonded fuel oil bunkering license, which is of great significance to the construction of Shanghai's international trade and international shipping center, as well as improving Shanghai's global resource allocation capacity and service construction of a new development pattern.
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The differences are too big! The EU has suffered a setback in limiting the price of Russian oil
Time of Update: 2023-01-04
On November 24, local time, EU diplomats once again tried to reach an agreement on a core measure of Western sanctions against Russia - setting a price ceiling for Russian oil.
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Fuel Oil December Monthly Report: Terminal ship bunkering demand supports the fuel oil market
Time of Update: 2023-01-01
High sulfur fuel oil increased significantly in demand at the bunkering and refinery feed end due to its economy, and the market structure strengthened and rebounded in November.
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Institution: Fuel oil maintained weak consolidation in the short term
Time of Update: 2023-01-01
From the short-term logic, the rise in floating warehouse stocks has formed a greater drag on fuel oil, but because FU01 is close to the delivery month, and the futures warehouse receipt is only 2680 tons, the internal and external price difference has not yet been opened, and it is still not bearish, Singapore's diesel cracking has plummeted, suppressing low sulfur prices.
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Pujiang County, Zhejiang Province issued an announcement on the clues of illegal business activities of requisitioning integrated oil
Time of Update: 2023-01-01
Announcement on the collection of clues about illegal business practices of integrated oilIn order to further standardize the operation order of the refined oil market and severely crack down on illegal acts of refined oil operation, the Office of the Joint Conference on Special Rectification Work of the County Refined Oil Market decided to open the public to solicit clues about illegal acts of integrated oil operation.
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Demand was sluggish, with retail gasoline prices in the United States hitting a nine-month low around Thanksgiving
Time of Update: 2023-01-01
Before the European stock market on Monday, the US WTI crude front-month contract fell below $74, hitting a new intraday low since the end of December last year, down about 3.
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Crude oil prices: OPEC+ production cuts and easing demand concerns New York crude closed higher
Time of Update: 2023-01-01
However, the price of global benchmark Brent crude hit its lowest level since January on Monday.
However, the price of global benchmark Brent crude hit its lowest level since January on Monday.
However, the price of global benchmark Brent crude hit its lowest level since January on Monday.
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EIA: U.S. crude inventories fell more than expected last week
Time of Update: 2023-01-01
6 million barrels in the week ended Nov. 25, compared with a market estimate of an increase of 1.
6 million barrels in the week ended Nov. 25, compared with a market estimate of an increase of 1.
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OPEC decided to maintain its production cut target
Time of Update: 2023-01-01
At a time when Western countries are setting a price ceiling on Russian seaborne oil exports, major oil producers are holding a wait-and-see attitude and will continue to assess the impact of Western prices on Russian oil prices and changes in market demand.
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The US and the West "limit" the price of Russian oil stirred up the international market
Time of Update: 2023-01-01
Analysts here pointed out that no matter how effective the "price limit" sanctions of the United States and the West are in resolving the Russian-Ukrainian conflict, more importantly, it has undermined the principle of market mechanism for oil trading.
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Calculation of taxable sales at gas stations
Time of Update: 2023-01-01
The above allowable deduction of the quantity of refined oil shall be declared to the competent tax authority at the end of the month according to the quantity counted in the "Summary Table of Monthly Oil Sales of Gas Stations".
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$60 per barrel! EU proposes cap on Russian seaborne oil Poland is dissatisfied: too weak
Time of Update: 2023-01-01
On December 1, local time, according to Reuters, an EU official revealed that in addition to Poland, EU countries have agreed to limit the price of EU imports of Russian seaborne oil to $60 per barrel.
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Energy stocks appear to be particularly vulnerable to the sell-off in crude oil
Time of Update: 2023-01-01
28 at the time on June 8, 2022, the correlation coefficient between continuous crude oil futures and SPDR energy option industry ETF XLE was 0.
28 at the time on June 8, 2022, the correlation coefficient between continuous crude oil futures and SPDR energy option industry ETF XLE was 0.
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When it comes to oil production, OPEC+ made its latest announcement
Time of Update: 2023-01-01
Photo by Xinhua News Agency reporter Ren PengfeiDue to market concerns about the world economic outlook, the decision of major oil-producing countries to cut production significantly failed to effectively support international crude oil prices.
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Fuel oil: Low-sulfur fuel oil supply has tightened to some extent
Time of Update: 2023-01-01
85 million barrels in the week of November 25, the largest decline since the week of July 2, 2021, but the accumulation of refined oil products exceeded expectations, of which US gasoline inventories increased by about 2.
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Illegal transportation and sale of refined oil, the two were sentenced for dangerous operations
Time of Update: 2023-01-01
Since February this year, the defendant Yu has hired drivers Chen and Li (both of which have been dealt with separately) and escorts Zhang and Wang (both of whom have been dealt with separately) without approval or permission to purchase gasoline from other provinces and sell it to illegal refueling points in Hongshan District and other places.
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The integrated device for the prevention and control of quantum wax scale of the seventh oil production plant of Daqing Oilfield has remarkable effects
Time of Update: 2023-01-01
The integrated device for quantum wax scale prevention and control is easy to install, does not require dosing, does not need external auxiliary power, and extends the well washing cycle by more than 3 times on average, and the service life can reach 10 years.
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Foreign exchange reserves are in short supply Ghana and Dubai refiners reach a "gold-for-oil" agreement
Time of Update: 2023-01-01
8 billion a year on fuel oil, while the West African country's foreign exchange reserves have shrunk by 38 percent to $6.
8 billion a year on fuel oil, while the West African country's foreign exchange reserves have shrunk by 38 percent to $6.
