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The latest news of international oil prices: overnight market news and data summary

International market: At the close of eastern time on Wednesday (September 7), international crude oil closed down, of which WTI crude oil futures closed...

Production cuts may coincide with the return of Iranian oil to the market

On August 24, Brent crude oil futures rose 3.19%. Nine OPEC sources said that the OPEC+ production cuts considered by Saudi Arabia this week...

Euro hits another two-decade low, U.S. natural gas hits 2008 high

U.S. natural gas futures stood at $10/million British thermal for the first time since 2008, rising more than 3% on the day. U.S. retail...

Has U.S. inflation started to stall?

After many consecutive months of higher-than-expected rises, the US CPI and core CPI in July 2022 finally both fell short of expectations, and the...

Production method of asphalt

Production method of asphalt Distillation method: It is to distill crude oil at atmospheric pressure to separate light fractions such as gasoline , kerosene ,...

What are the types, uses and functions of crude oil

Crude oil is a liquid fuel source located underground. It is extracted by drilling. Crude oil is used for transportation, petroleum products and plastics. Element Economic...

Does oil have an expiration date?

Oil has no shelf life. The composition of petroleum is very complex, composed of a large number of alkenes, alkynes, hydrocarbons, and alkanes. Its...

What are the types of refined oil

The types of refined oil include fuel oil , kerosene , petroleum asphalt , petroleum coke , gasoline , diesel oil , lubricating oil...

What is oil

Petroleum is a chemical energy , and belongs to one-time energy and non- renewable energy . Petroleum is a viscous dark brown liquid known...

What can be extracted from oil

Petroleum can be extracted into solvent oil, aviation kerosene, aviation gasoline, ordinary gasoline, diesel oil, lubricating oil, gear oil, heavy oil, paraffin and so...

How to distinguish the quality of gasoline

The quality of gasoline can be distinguished as follows: to smell The smell of gasoline is heavier and choking the nose, indicating that the oil is...

Is oil a pure substance?

Oil is not a pure substance, it is a mixture. Petroleum, also known as crude oil , contains gasoline , kerosene , diesel oil...

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