Tag: OPEC
Low international oil prices, economic recession sparked demand concerns
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In the past two months, against the backdrop of weakening demand expectations, international crude oil prices have fallen by more than 20%. Analysts said...
U.S. crude oil exports hit 5 million barrels per day
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International oil prices have recently turned heads, as U.S. crude oil sales overseas are set to hit a new record by 2023 as U.S....
Saudi raises possibility of oil output cuts
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On August 29, local time, international oil prices rose by more than 4%. Last week, OPEC's top producer Saudi Arabia raised the possibility of...
The current oil price is still high, the Fed will continue to take measures to fight inflation
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In the external market, U.S. crude oil opened at $88.09 per barrel, down 0.16% so far, with the highest price at $88.15 and the...
Oil prices continue to rise, but demand concerns remain
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On September 12, commodity prices rose due to the weakness of the US dollar, and crude oil futures expanded their gains. WTI crude oil...
Prospects of major international financial events next week (September 12-September 16)
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Monday, September 12, 2022 14: 00 UK GDP monthly rate (month on month)14: 00 UK manufacturing output monthly rate (month on month) (July)19: 25 Central...
Crude oil supply risk intensifies again! EIA cuts U.S. oil output forecast for next year
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It was learned that the U.S. Energy Information Administration (EIA) released its monthly report on Wednesday (September 7) Eastern Time, lowering its annual oil...
U.S. crude oil exports hit 5 million barrels per day
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International oil prices have recently turned heads, as U.S. crude oil sales overseas are set to hit a new record by 2023 as U.S....
U.S. crude oil, refined oil inventories fall
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On August 24, local time, the EIA said that in the last week, U.S. crude oil and refined oil inventories fell, but the large...
Production cuts may coincide with the return of Iranian oil to the market
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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...
When was oil discovered
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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...
What does strategic oil reserve mean?
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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...