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Russia, Saudi Arabia fight ‘oil price war’ in India

Before the Russia-Ukraine conflict, Saudi Arabia was India's second-largest crude oil supplier, while Russia was only the ninth supplier. However, since the outbreak of the...

What does strategic oil reserve mean?

Strategic oil reserves refer to one of the effective ways to deal with short-term oil supply shocks (large-scale reductions or interruptions). It serves national...

Is the oil market still tight? Saudi raises crude oil prices for Asia to record levels

Saudi Arabia raised oil prices for Asian buyers to record levels, as global oil markets remain tight despite signs of softening demand as the economy...

US crude oil trading strategy on August 4: Multiple bearish oil prices initially broke down, pointing to the 80 mark?

During the Asia-Europe session on Thursday (August 4), U.S. crude oil fluctuated in a narrow range near the low of more than five months,...

The latest query on international crude oil futures prices (July 28, 2022)

name Price (USD/Barrel) ups and downs Quote change(%) date brent crude 102.33 2.61 2.62 2022/07/27 The above is the latest international crude oil price , more oil price query , or want to know...

What impact does FED raises rates on oil?

Oil prices fall as dollar rises as Fed raises rates. The Fed's interest rate increase promotes the appreciation of the dollar. Oil is priced...

What is Offshore RMB?

Offshore RMB (CNH) is a transitional institutional arrangement before RMB is convertible under capital account. The Capital Account is for the CurrentAccount. Both are...

The latest query on international crude oil futures prices (July 7, 2022)

name Price (USD/Barrel) ups and downs Quote change(%) date wti crude oil 98.13 -1.43 -1.44 2022/07/07 brent crude 99.80 -5.00 -4.77 2022/07/06 The above is the latest international crude oil price , more oil price query , or want...

Crude oil price evening trading reminder on July 7

crude oil trend review: On Thursday (July 7), during the Asia-Europe session, US crude oil fluctuated at a low level. More recently, fears of...

Today’s WTI crude oil futures price query (July 7, 2022)

name Price (USD/Barrel) ups and downs Change (%) date wti crude oil 98.13 -1.43 -1.44 2022/07/07 The above is the latest U.S. crude oil index. For more oil price inquiries, or if you want...

U.S. crude oil inventories rose last week

U.S. crude oil inventories rose last week, while refined oil inventories fell , according to API data . crude inventories rose by about 3.8...

The first major bearish on oil prices: crude oil demand outlook will be further revised down

Remember when JPMorgan said that oil could go to $380? Just when everyone was bullish on oil prices, on Wall Street, some investment banks began...

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