In 2025, the import volume of crude oil in Asia started weakly due to China, the largest importer, continuing to reduce its purchases, while new sanctions have suppressed the import of crude oil from Russia, the largest supplier in Asia.According to data compiled by LSEG Oil Research, the import vol

One of our Central Asian customer recently has ordered 500 sets of cone packing, with specifications with 1-1/4 and made of NBR material. We have arranged production and will deliver to the customer within 15 days. Our company’s cone packing product specifications include 1-1/8, 1-1/4, 1-1/2, 1-3/4,

By February 24,2025, the future price of light crude oil from New York Mercantile Exchange isUSD70.25 a barrel, decreased by USD0.36 than February 17,2024. The decrease rate is 0.51%. The future price of crude oil from London Brent is USD73.89 a barrel, decreased by USD0.77 than February 17, 2024. T

A batch of gas anchors were ordered by our Southeast Asian customer, with specifications of 2-7/8 EUE BOX X PIN 3FT J55; 3-1/2 EUE BOX X PIN 3FT J55, and production has been arranged immediately after the Spring Festival. After a week of production, drilling, welding, testing and other related work

By February 17,2025, the future price of light crude oil from New York Mercantile Exchange isUSD70.61 a barrel, decreased by USD1.89 than February 10,2024. The decrease rate is 2.6%. The future price of crude oil from London Brent is USD74.66 a barrel, decreased by USD1.28 than February 10, 2024. Th

After the implementation of new sanctions on Iranian crude oil exports, international crude oil futures closed higher on Friday (February 7th), but oil prices fell this week due to investors' concerns about US President Donald Trump launching another trade war against China and threatening to impose

Before the Spring Festival, our company’s Southeast Asian customer ordered a batch of gas anchors with specifications of 2-7/8 EUE BOX X PIN 3FT J55; 3-1/2 EUE BOX X PIN 3FT J55. At present, the procurement of raw materials and production processes for the products have been arranged, and production

Our company’s South American customer urgently needs a batch of sucker rod pump spare parts, including tungsten carbide valve ball and seat specifications, V11-125, V11-175, Mandrel S11-20, Seating cup S12-20, and Pressure actuated ring plunger 125, 150 are sealed with rings. Our company prepared th

By January 20,2025, the future price of light crude oil from New York Mercantile Exchange isUSD77.50 a barrel, increased by USD0.42 than January 13,2024. The increase rate is 0.54%. The future price of crude oil from London Brent is USD80.91 a barrel, decreased by USD0.26 than January 13, 2024. The

Tubing crossovers ordered by our South American customer are 2-3/8 EUE PIN X 2-7/8 EUE PIN N80, 4-1/2 EUE PIN X 2-7/8 EUE PIN N80 and 3-1/2 EUE N80 couplings have been produced, inspected, and packaged after 15 days of production. Waiting for customer notification to be sent to the port.

By January 6,2025, the future price of light crude oil from New York Mercantile Exchange isUSD74.14 a barrel, increased by USD3.62 than December 30,2024. The increase rate is 4.88%. The future price of crude oil from London Brent is USD76.66 a barrel, increased by USD2.92 than December 30,2024. The

On Thursday (January 9th), due to cold weather hitting parts of the United States and Europe, stimulating winter fuel demand, oil prices rose by over 1%.The settlement price of Brent crude oil futures rose by 76 cents, or 1%, to $76.92 per barrel. The settlement price of West Texas Intermediate crud