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After the support fades, crude oil will face a new round of decline?
Time of Update: 2023-01-01
From the perspective of supply and demand structure, due to the high possibility of recession in developed economies such as Europe and the United States in 2023, crude oil forward demand will weaken significantly, and in the near future, due to OPEC production cuts and sanctions on Russian crude oil, crude oil prices are facing a new round of decline risk after digesting supply factors.
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Saudi Arabia and Iraq agreed to coordinate and balance supply and demand in the oil market
Time of Update: 2023-01-01
Saudi Arabia's and Iraq's energy ministers met in a statement, stressing the importance of sticking to OPEC+ production cuts that will last until the end of 2023, Oil & Gas News reported on November 27.
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Russian Deputy Prime Minister: Russia may slightly reduce oil production
Time of Update: 2023-01-01
Novak said that Russia does not accept artificial and non-market methods to impose price limits on Russian oil, which will only lead to a decline in global investment in this industry and energy shortages in the future, which in turn will push up oil prices.
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U.S. WTI crude futures closed up 0.8 percent on Thursday, the highest close in two weeks
Time of Update: 2023-01-01
S. WTI crude oil futures closed higher on Thursday and hit the highest closing price in two weeks.
S. WTI crude oil futures closed higher on Thursday and hit the highest closing price in two weeks.
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The EU tentatively agreed to cap the price of Russian seaborne crude at $60 per barrel
Time of Update: 2023-01-01
Foreign news on December 1, according to a document seen by foreign media, EU governments on Thursday tentatively agreed to limit the price of Russian seaborne crude oil to $60 per barrel, and through the adjustment mechanism to keep the upper limit at a level of 5% below the market price.
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The U.S. government resumed oil operations in Venezuela to a limited extent
Time of Update: 2023-01-01
According to the Wall Street Journal, the United States eased sanctions against Venezuela and approved the resumption of some operations of the US Chevron company in Venezuelan oil production.
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Ignoring Western pressure, India said it would continue to purchase Russian oil
Time of Update: 2023-01-01
On December 5, local time, German Foreign Minister Baerbock visited India, one of the purposes of this trip is to try to persuade India to join the ranks of limiting the price of Russian oil.
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Installing cheating software "Pumping Oil" Chongqing Shunxin gas station was punished
Time of Update: 2023-01-01
The Chongqing Municipal Bureau of Market Regulation believes that Shunxin Gas Station used damaged measuring instruments and installed cheating procedures without authorization for refined oil trade settlement, making an illegal profit of 1.
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The EU agreed to set a price cap on Russian oil exports
Time of Update: 2023-01-01
The Russian side said that it will not supply oil and petroleum products to countries that impose price limits on Russian oil.
The Russian side said that it will not supply oil and petroleum products to countries that impose price limits on Russian oil.
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Markets remain on the sidelines International oil prices fell on December 2
Time of Update: 2023-01-01
After many days of negotiations, EU member states agreed on the 2nd to set a price cap of $60 per barrel for Russian oil exports.
After many days of negotiations, EU member states agreed on the 2nd to set a price cap of $60 per barrel for Russian oil exports.
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Neptune Energy has discovered new oil and gas in the Norwegian Sea
Time of Update: 2023-01-01
On December 2, Neptune Energy and its licensing partners announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea, World Oil Network reported on Dec. 2.
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Russia brews oil embargo to fight back against "price limit order"
Time of Update: 2023-01-01
Lin Boqiang, director of the China Energy Policy Research Institute of Xiamen University, told reporters on November 27 that if Russia issues this decree, then global oil prices will face a sharp rise, which will have a greater impact on inflation in Europe and the United States in the short term.
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China's independent refinery imports are becoming more concentrated
Time of Update: 2023-01-01
It is worth noting that while the volume and price of imported crude oil are declining, the characteristics and trends of diversification of import sources are also more obvious, and the imported oil types of independent refineries tend to be concentrated.
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Shandong Province barrier consumers use "rest assured oil"
Time of Update: 2023-01-01
On December 7, the Information Office of the People's Government of Linyi City, Shandong Province held a press conference to report the results of the city's industrial product inspection and testing
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Stock up on oil for the winter? The U.S. Department of Energy intends to suspend sales of the Strategic Petroleum Reserve
Time of Update: 2023-01-01
Previously, in order to calm inflation, the Biden administration announced the release of 1 million barrels of oil per day from May to October, a total of 180 million barrels, which also caused the US Strategic Petroleum Reserve to fall to a new low since the mid-80s.
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Four bonded refueling license enterprises in Guangzhou achieved the record, and the province's first cross-regional direct supply was completed
Time of Update: 2022-12-04
At 6:50 on November 12, 2022, as the oil supply barge "Hongheng 99" left the Shenzhen Shekou Chiwan bulk cargo terminal, Guangzhou PetroChina Fuel Oil Co. , Ltd. successfully completed the first cross
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Crude oil: Macro and Chinese demand are both positive, crude oil or volatility is strong
Time of Update: 2022-12-04
In the medium term, next year's Chinese demand is expected to become more prosperous and stable, international aviation is expected to be liberalized, the 23-year H2 overseas interest rate hike cycle is expected to end, OPEC+ continues to limit production and raise prices, next year, especially in the second half of the year supply and demand is likely to be tight, so crude oil is still worth as a long allocation.
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October bunker oil sales in Singapore down 0.1% year-on-year
Time of Update: 2022-12-04
The tonnage of ship arrivals reached 251 million gross tons, an increase of about 9.
The tonnage of ship arrivals reached 251 million gross tons, an increase of about 9.
The tonnage of ship arrivals reached 251 million gross tons, an increase of about 9.
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Refined oil consumption may "peak" in 2027 The analysis says it will even be advanced
Time of Update: 2022-12-04
In the production capacity layout, on the one hand, refined oil production and marketing enterprises must ensure the basic supply stability and avoid blindly expanding production capacity in the direction of "increase"; On the other hand, it is necessary to optimize and increase the new and optimize the product structure and technical path.
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Yunnan Yiliang gas station was fined for cheating on a fuel dispenser
Time of Update: 2022-12-04
The parties violated the relevant regulations, and the Honghe Prefecture Market Supervision Bureau ordered the parties to correct their illegal acts and made a penalty decision in accordance with the law: confiscated 4,470 kilograms of unsold candy chips, confiscated 32,240 yuan of illegal gains, and imposed a fine of 13 times the value of the candy of the chips involved in the case 721292 yuan.
