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When was oil discovered

The following is the historical cycle of modern oil: 1.1970s: In 1960, the third world oil-producing countries jointly established OPEC, and successively nationalized oil. During...

Why are international gold and crude oil prices positively correlated?

Why are international gold and crude oil prices positively correlated? The following is to provide you with the relevant knowledge introduction to why the...

The role of strategic petroleum reserves

The role of strategic petroleum reserves: Guarantee the supply. That is, to ensure the supply of oil for a period of time, for emergency needs,...

How much is a barrel of crude oil

International crude oil prices have plummeted recently. How much is a barrel of international crude oil now? According to the editor's understanding, on January 20,...

Signs of cooling oil prices are everywhere, when will the bulls welcome the spring again?

Traders in Europe, which has been the region with the worst crude supply panic in recent months, are finally showing signs of improvement, and...

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...

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