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China July 12 refined oil price adjustment

At 24:00 on the 12th, a new round of price adjustment window for China's refined oil products will open. The agency predicts that the...

Russia refinery spare capacity rises in July, making it harder to cut exports

July 10 (Reuters) - Russia's primary refinery idle rate will exceed an expected 38 percent in July, according to industry sources and Reuters calculations,...

What is the Difference Between Brent Oil and Crude Oil?

When discussing the global oil market, two terms often come up: Brent oil and crude oil. These terms refer to different types of oil...

Who Benefits from Higher Oil Prices? An Overview

The global economy is intricately linked to the price of oil, and fluctuations in oil prices can have far-reaching implications. While higher oil prices...

How Is Fuel Made from Crude Oil: A Complete Overview

Crude oil is a valuable natural resource that serves as the backbone of modern society's energy needs. It is a complex mixture of hydrocarbons...

From Barrels to Gallons: Demystifying the Measurement of Oil

Oil is one of the world's most vital commodities, playing a crucial role in various industries and economies. Understanding the measurement of oil is...

The True Cost of a Barrel of Oil: What You Need to Know

The price of a barrel of oil is a key metric that influences global economies, energy markets, and the daily lives of individuals around...

A Detailed Look at Daily Consumption Rates of Oil

Oil is one of the most important commodities in the world and is consumed on a daily basis, both by individuals and industries. The...

Won’t Be Surprised by OPEC+ Proposing New Output Cuts in June

On May 24, both oil prices in the United States and Burundi rose by more than 2% on Tuesday. It was reported that Saudi...

The CO2 Emissions Generated by One Barrel of Oil

Oil is one of the most widely used fossil fuels in the world. Its production and consumption have significant environmental consequences, one of which...

Oil Rises on Rising Gasoline Demand, Prospects of Tighter Supply

Oil prices climbed for a second day on Tuesday, as investors expected a seasonally higher gasoline demand and OPEC+ production cuts to tighten the...

Understanding Brent Crude: A Comprehensive Guide

Brent crude is one of the most important benchmark crude oils in the world, representing a key reference price for oil trading and market...

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