Crude oil
Crude Oil: OPEC the implementation of production cut rate remains at high level
From the report of the three major institutions in October, OPEC’s September output dropped slight...
Crude oil
The supply and demand of the three major institutions are adjusted, but the volume of destocking in Q3 is not as expected.
The monthly reports of the three major institutions wer...
Crude oil
The inventory of U.S. distillate declined, but sustainability remains to be observed.
The weekly data released by EIA last night showed that the biggest bright spot was the sharp...
Crude oil
IEA says the demand recovery remains weak
At present, the complexity of the market makes OPEC's production restriction policy face greater challenges. On the one hand, it comes f...
Crude oil
The imports of China's crude oil rebounded in September
Demand is still the focus of the oil market in the future. We believe that the following core variables need to be paid at...
Crude oil
Yesterday, oil prices rebounded to the highest point in the month. There are currently three main factors supporting the rise of oil prices: 1. Hurricane Delta hit the U.S. Gulf offsho...
Crude oil
Recently, Brent’s EFS against Dubai has continued to fall, and it has now fallen to the low level in May this year. This reflects the current weakness in the spot market in the West. I...
Crude oil
On September 25, the Shandong Taxation Bureau announced that it would levy a risk reserve fund from local refineries. This reserve is a windfall profit tax levied on refineries after t...
Crude oil
Recently, the National Petroleum Corporation of Libya has successively lifted the force majeure between oil terminals and oil fields. In terms of ports, except for the two largest oil ...
Crude oil
Last weekend, Libya’s LNA leader Haftar announced that the oil blockade would be lifted. Two oil companies, Arabian Gulf Oil Company and Sirte Oil and Gas Company, announced the resump...
Crude oil
The oil price plunged again yesterday. Generally speaking, it is a resonance of many factors. First of all, the expected resumption of production in Libya is the fuse of oil prices. Wi...
Crude oil
The reports of the three major institutions were released in September, and the views of the institutions were the same. Both the upward revision supply growth, the downward revision d...
Crude oil
Oil prices rose sharply yesterday, but from the data released by the EIA yesterday, it is not very bullish. On the one hand, the decline in crude oil inventories is much lower than tha...
Crude oil
Recently, the three major institutions have issued September reports. The three major institutions have all lowered their demand growth expectations for this year. The epidemic’s drag ...
Crude oil
After Hurricane Laura, Hurricane Sallie will once again have an impact on oil production and refinery operations in the Gulf of Mexico. Previously, due to the power outage caused by Hu...
Crude oil
Oil prices fell sharply last week. Our previous bearish market logic basically fulfilled, but from the point of view of the trigger factors, the main reason is that the number of infec...
Crude oil
At present, the economy of floating warehouses is still the focus of the market. Judging from the current monthly discount of Brent crude oil, the difference between the first and the ...
Crude oil
Oil prices continued to retreat. We believe that the logic behind this round of callbacks is: 1. The US dollar has stabilized and rebounded recently, and the most profitable factor tha...
Crude oil
After recent adjustments, oil prices have fallen by nearly 10% in recent months. At present, the core factor that can support oil prices in the short-term lies in the economics of oil ...
Crude oil
The sharp drop in oil prices yesterday was mainly driven by the sharp rebound of the U.S. dollar. The EIA data last night was disturbed by the hurricane and the negative effects were n...
Crude oil
Although official production data has not yet been released, preliminary data show that OPEC’s production in August increased slightly by 500,000 barrels per day from the previous mont...
Crude oil
After the hurricane, the market assessed the capacity loss of the relevant refineries. At present, except for the two refineries near Lake Charles (Citigo and Phillip 66) that cannot r...
Crude oil
The impact of Hurricane Laura on the market last week was basically in line with our previous expectations. Although the intensity of the hurricane was close to level 5 when it landed,...
Crude oil
According to the weather forecast, Laura is different from Harvey before. Although it is expected to be a Level 3 hurricane at the time of landing, the sustained rainfall it brings is ...
Crude oil
At present, the impact of Hurricane Mark’s drastically weakened wind is limited, but Laura is expected to make landfall at the junction of Louisiana and Texas and be upgraded to a Leve...
Crude oil
At present, Hurricane Mark and Laura will enter the U.S. Gulf region one after another in the near future. The market pays close attention to their development path and the related imp...
Crude oil
The August reports of the three major organizations diverged. Among them, EIA was relatively optimistic, its estimated demand was revised upward and demand was revised downward, and Ca...
Crude oil
After OPEC recently convened a ministerial meeting, Iraq and Nigeria need to submit compensation and production reduction plans before August 28. Iraq has made it clear that it will fu...
Crude oil
Recently, OPEC held a ministerial meeting to discuss the implementation of production cuts. At present, the overall framework has not changed much. It is still the overall relaxation o...
Crude oil
The US seizure of four Iranian oil tankers over the weekend became the headline of the market’s attention. However, Iran later claimed that neither the tanker itself nor the cargo on b...
Crude Oil
At present, global refinery profits are still weak. At present, existing refineries have begun to reduce operating rates due to profit and market factors. For example, Indian state oil...
Crude Oil
At present, the market is paying more and more attention to the potential impact of the release of floating warehouses and oil tankers. We think this is a time bomb in the current crud...
Crude Oil
Recently, there have been new trends in China’s crude oil demand. Although it cannot be clearly confirmed, news from different sources indicates that the Ministry of Commerce may issue...
Crude Oil
Last week, OPEC's July crude oil data and China's July crude oil import data were released. Saudi Arabia's official September OSP price was also the focus of market attention. Firstly,...
Crude oil
Yesterday, Saudi Aramco announced the official September crude oil export price. Among them, the Saudi Arabian Lightweight Asia Pacific discount was adjusted by 0.3 US dollars per barr...
Crude oil
Yesterday EIA announced inventory data. Among them, crude oil inventories fell by about 7.4 million barrels, which exceeded market expectations. However, from the perspective of the de...