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European petrochemical industry suffers from "cold winter"
Time of Update: 2022-11-01
In response to rising gas and electricity prices in Europe, S&P Global said, LyondellBassel imposed an energy surcharge on PP, high-density polyethylene (HDPE) and low-density polyethylene (LDPE) sold in Europe in early September.
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Market risk appetite improves International oil prices rose on October 21
Time of Update: 2022-11-01
On the 21st, the US stock market rose significantly, and the US dollar index fell sharply, driving international oil prices up.
On the 21st, the US stock market rose significantly, and the US dollar index fell sharply, driving international oil prices up.
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U.S. WTI crude closed down 3.1% on October 18 It is rumored that the United States will release more strategic oil reserves
Time of Update: 2022-10-25
According to people familiar with the matter, the Biden administration will announce the release of another 10 million to 15 million barrels of oil from the national emergency reserve in recent days to balance the market and prevent gasoline prices from climbing further.
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Behind the "war of words" of oil production cuts: Saudi Arabia no longer only looks to the United States?
Time of Update: 2022-10-25
Saudi officials also issued a statement saying that the Biden administration had asked Saudi Arabia and other major oil producers to postpone a one-month plan to start sharply reducing crude oil production in November this year, in order to ease inflationary pressures in the United States so that the Democratic Party could win the midterm elections, which embarrassed the White House.
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In the past ten years, the overall situation of oil and gas exploration and development in China has been good: the 100-million-ton oil and gas area ×4!
Time of Update: 2022-10-25
Energy is the cornerstone of economic development, in the past ten years, China's energy independent guarantee capacity has been significantly improved, the world's largest clean power generation system has been built, and the energy structure has been continuously optimized, effectively ensuring the stable operation of the national economy.
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G7 lifts a stone and shoots itself in the foot? U.S. official: Russia may have a way to circumvent oil price limits
Time of Update: 2022-10-25
S. State Department, said countries that sanctioned Russia overestimated their ability to control global oil trade and changed and clarified their policies only to reduce self-harm.
S. State Department, said countries that sanctioned Russia overestimated their ability to control global oil trade and changed and clarified their policies only to reduce self-harm.
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Domestic first! The "oil brand" is stirring up the United States
Time of Update: 2022-10-25
" ”'Cruel and contradictory'Whether it is continuing to release the Strategic Petroleum Reserve or considering a ban on oil exports, US energy policy is attracting more and more questions and criticism.
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In order to prevent oil prices from rising, the United States will release more strategic oil reserves in response to OPEC+ production cuts
Time of Update: 2022-10-25
On October 18, local time, according to media reports, US President Biden has ordered the release of 15 million barrels of oil from the US Strategic Petroleum Reserve (SPR) by December in response to the recent production reduction decision of the "OPEC+" mechanism composed of members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers such as Russia.
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PetroChina is striding forward on a green and low-carbon road
Time of Update: 2022-10-25
From the perspective of seeking green and low-carbon transformation, PetroChina actively builds a "natural gas +" industrial cluster, researches and develops "natural gas hydrogen production + CCS + high-temperature fuel cell" zero-carbon technology, strives to explore multi-path realization solutions for the "dual carbon" goal, and gives full play to the key supporting role of natural gas in the future energy system.
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US finance official: The G7 price limit on Russian oil is not aimed at OPEC
Time of Update: 2022-10-25
Reuters commented that Saudi Arabia, the largest oil exporter and the de facto leader of OPEC, could help ease tensions between the United States and Saudi Arabia.
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Pakistan's finance minister said in the United States: also buy discounted Russian oil
Time of Update: 2022-10-25
Pakistani Finance Minister Ishaq Dar recently said Pakistan wants to buy oil from Russia at the same discount as India, according to the Russian Satellite News Agency on October 18.
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French workers strike disrupts trade U.S. crude oil was cut off to France for the first time in four years
Time of Update: 2022-10-25
crude cannot be exported to France for the first time in four years because worker strikes in France disrupt normal trade flows, and some oil exports are being diverted to Denmark and Italy.
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US Treasury official: The price cap on Russian oil will not target OPEC
Time of Update: 2022-10-25
Last week, Deputy Treasury Secretary Wally Adeyemo said OPEC officials had not linked the move to a cap on Russian oil prices in discussions with the United States.
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Proven reserves exceed 50 billion cubic meters China discovered the first deep-water deep gas field
Time of Update: 2022-10-25
Wu Keqiang, chief geologist of CNOOC Hainan Branch, said that the successful discovery of Baodao 21-1 not only confirmed the exploration potential of the Baodao sake, but also showed that we have made important breakthroughs in deepwater deep exploration technology, which has important guiding significance for the exploration of similar strata.
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The United States Announces the Release of Strategic Crude Oil Inventories International oil prices have risen instead of falling
Time of Update: 2022-10-25
The announcement by the United States of 15 million barrels of strategic crude oil inventories by December is also to calm the short-term boost to oil prices under the recent OPEC+ production cut decision.
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The United States is expected to further release crude oil reserves International oil prices fell significantly on October 18
Time of Update: 2022-10-25
As the market expects the United States to announce the release of more strategic crude oil reserves this week, international crude oil futures prices consolidated in a narrow range in the overnight market, significantly lower in the morning of October 18, followed by a narrow consolidation, and international oil prices fell significantly at the close.
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Energy war, 62 years of global oil bargaining power
Time of Update: 2022-10-25
But hidden in this cooperation framework is the calculation of the United States to compete for oil bargaining power - in the cooperation plan, Saudi Arabia needs to make two more guarantees:Guarantee to trade oil only in US dollars;Pledge to use large petrodollar revenues to buy U.
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Agency: Oil prices continue to fall
Time of Update: 2022-10-25
Third, data released by the American Petroleum Institute (API) showed that crude oil inventories fell by 1.
Third, data released by the American Petroleum Institute (API) showed that crude oil inventories fell by 1.
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U.S. commercial crude oil inventories fell last week International oil prices rose significantly on October 19
Time of Update: 2022-10-25
Due to the month-on-month decline in US commercial crude oil inventories last week, international crude oil futures prices rose in the overnight market and in the morning of October 19, and the increase in the afternoon of the day expanded significantly, and the late gains narrowed, and international oil prices rose significantly at the close.
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Foreign media: The United States may release another 15 million barrels of oil reserves
Time of Update: 2022-10-25
Since the beginning of this spring, Biden has proposed a plan to release 180 million barrels of strategic oil reserves, and this week's announcement may be the latest part of it.
