Crude Oil

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  • 2023-07-27

    Recently, it was learned from the Tianjin Branch of CNOOC that Suizhong 36-1 crude oil terminal plant, which has the largest crude oil processing and transportation capacity in Asia, has exported more than 160 million tons of crude oil in the 23 years since it was put into operation, making importan
  • 2023-07-10

    By Jul 10,2023, the future price of light crude oil from New York Mercantile Exchange closed at USD73.62 a barrel. increase USD3.17 than Jul 3.2023, the rise rate is 4.5 %. The future price of crude oil from London Brent closed at USD78.29 a barrel, increase USD3.06 than Jul 3.2023.the rise rate is
  • 2022-12-09

    Iraq pumped 4.43 million barrels per day (BPD) of crude oil in November, down 221,000 BPD from October, according to data released Thursday by state oil marketer SOMO. Production data showed Iraq produced crude oil in November in line with OPEC quotas. Iraqi Kurdistan produced 41.17 million barrels
  • 2022-12-01

    The reporter learned from the Tianjin branch of CNOOC on November 21 that the accumulated crude oil production of Suizhong 36-1 oilfield, the first modern self-exploration and development oil field in China's offshore, exceeded 95 million tons, which is equivalent to the oil tanker filled with 60 to
  • 2022-11-24

    The reporter learned from the Tianjin branch of CNOOC on November 21 that the accumulated crude oil production of Suizhong 36-1 oilfield, the first modern self-exploration and development oil field in China's offshore, exceeded 95 million tons, which is equivalent to the oil tanker filled with 60 to
  • 2022-10-28

    The U.S. Energy Information Administration (EIA) on Wednesday released an inventory report showing that U.S. crude oil and distillate inventories increased last week, while gasoline inventories fell. The EIA report showed U.S. crude inventories rose 2.6 million barrels to 439.95 million barrels in t
  • 2022-09-09

    The United Arab Emirates provided 42 percent of Japan's crude oil demand in July, equivalent to 33.99 million barrels, according to the Tokyo-based Natural Resources and Energy Agency.The agency, which is part of Japan's Ministry of Economy, Trade and Industry, said Japan imported 81.05 million barr
  • 2022-09-08

    The reporter learned from CNOOC Tianjin Branch on August 31 that since the annual crude oil output of Bohai Oilfield reached 30.132 million tons in 2021, becoming China's largest crude oil production base, in the first half of 2022, Bohai Oilfield will further achieve double growth in oil and gas pr
  • 2022-09-02

    Russia's oil production continues to exceed expectations as the conflict between Russia and Ukraine continues for six months. Russian oil shipments reached their highest level in August for the period, according to the Institute of International Finance (IIF), with Greek-owned tankers playing the bi
  • 2022-08-24

    India's crude oil production fell 3.8 percent in July from the same month in 2021, as private companies and state-owned Oil and Natural Gas Corporation (ONGC) pumped less crude at some fields.India's crude oil production fell to 2.45 million tonnes in July from 2.54 million tonnes in July last year,
  • 2022-08-19

    Crude oil and condensate exports from Latin America (excluding hotspot countries) have so far in August compared to high levels in July, energy analysis firm Vortexa said in an analysis on Tuesday. Declined as domestic refineries, especially those in Brazil, are using more crude.In the first half of
  • 2022-08-12

    According to the monthly oil market report released by the Organization of the Petroleum Exporting Countries (OPEC) on August 11, OPEC lowered its forecast for global economic growth in 2022 from 3.5% to 3.1%, and lowered its forecast for global economic growth in 2023 from 3.2% to 3.1%. In addition
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