Crude Oil
The impact of China’s previous overbought crude oil on the market was not entirely reflected in the overdraft of future crude oil purchase demand. The current negative feedback also in...
Crude oil
According to the OPEC production data given by various agencies, the month-on-month increase in output in July was mainly due to the reduction of voluntary production reductions in cou...
Crude Oil
Last week, international oil prices fell, but domestic prices were weaker. However, from the perspective of the price relationship between the domestic market and the lowest available ...
Crude Oil
Oil prices fell sharply yesterday. From the news, there was no significant negative news on the fundamental sides. But according to the GDP and the number of people claiming relief las...
Crude oil
Yesterday EIA released weekly data. Among them, crude oil inventories fell more than expected, which was mainly driven by a decline in imports. However, refined oil inventories were st...
Crude Oil
The fragile balance of the crude oil market is being broken. China’s crude oil purchases have slowed since June. However, due to the decline in exports from Russia and the Middle East ...
Crude Oil
According to Russia’s August Ural crude oil shipment plan, the volume of cargo exported from the Black Sea and Baltic Sea in August increased significantly to 1.11 million barrels per ...
Crude Oil
China’s crude oil import data for June released last week reached 13 million barrels per day, a year-on-year increase of 3.3 million barrels per day, setting a historical record. This ...
Crude oil
Judging from the shipment volume of Russian Ural crude oil in early August, it still remained at around 700,000 barrels per day, or even slightly lower than the shipment volume in July...
Crude oil
Yesterday EIA announced weekly data. Crude oil inventories have increased. It is worth noting that the recent balance sheet error item has increased to 1.6 million barrels per day sinc...
Crude oil
At present, the crude oil market is still in a deadlock, and the volatility rate has returned to the historical low range. We believe that from a marginal point of view, although...
Crude oil
The results of the OPEC+ meeting yesterday were more similar to our previous estimates. OPEC eased the scale of production cuts, but due to some cheating countries making up for the pr...
Crude oil
OPEC+ is still committed to improving the compliance rate. According to its latest statement, countries that had previously cheated in production cuts must make up from August to Septe...
Crude oil
At present, the focus of the crude oil market is still on the ministerial video conference tomorrow. Judging from various positions, there is basically no sign of extending the current...
Crude oil
Last week, EIA and IEA released monthly reports, OPEC monthly reports have not yet been released. From the balance sheet, EIA and IEA have both revised up global demand growth and non-...
Crude oil
Oil prices fell sharply yesterday. From the news side, Libyan news may be a potential fuse. According to Bloomberg reports, the Libyan port guards allow an Afra tanker to load cr...
Crude oil
From the perspective of digesting inventory, the current floating warehouses are relatively smooth to clear. Especially the floating warehouses in Europe and the US Gulf area hav...
Crude oil
Recently, the U.S. District Court in Washington ruled that the DAPL pipeline does not comply with environmental protection laws, and its operating license is invalid. It must be ...
Crude oil
Yesterday, Saudi Arabia released official prices, which included a light adjustment of $1/barrel to $1.2/barrel on sand for Asian customers. According to Platts surveys, the mark...
Crude oil
Oil prices have recently fluctuated around $40 per barrel. Prior to this, the market's expected phase adjustment failed to appear. Although China's crude oil procurement has slow...
Crude oil
In June, OPEC+ crude oil exports fell to historical lows, OPEC crude oil exports fell by 1.8 million barrels/day to 17.2 million barrels/day, and Russian Ural crude oil cargo exp...
Crude oil
Yesterday EIA released weekly data. Among them, crude oil inventories fell more than expected, mainly due to the reduction in crude oil imports. However, at present, the core pro...
Crude oil
Affected by OPEC+ production cuts, the crude oil spot market is still strong. The export volume of Russian Ural cargoes has dropped to 800,000 barrels/day. The crude oil floating posi...
Crude oil
Yesterday, the news that three barrels of oil planned to form a crude oil procurement alliance triggered market attention. We believe that it is mainly during this round of China's cru...
Crude oil
API released inventory data yesterday, in which crude oil inventories increased, refined oil inventories fell, and the decline was greater than market expectations. This is a gra...
Crude oil
Although the number of people infected by COVID-19 in some areas such as the United States and Beijing has rebounded recently, the current impact on the recovery of global demand...
Crude oil
The balance sheets of the three major institutions’ monthly reports have not changed much
Last week, the three major institutions released monthly reports. Overall, the thr...
Crude oil
The United States may impose sanctions on tanker companies that transport Venezuelan crude oil, similar to the sanctions imposed on Iran last September. Because of fears of relat...
Crude oil
Demand for refined oil: The darkest moment has passed, and it will gradually recover in the second half of the year. The high probability of global demand for the whole year has ...
Crude oil
Demand for refined oil: The darkest moment has passed, and it will gradually recover in the second half of the year. The high probability of global demand for the whole year has ...
Crude oil
Recently, the number of COVID-19 infections in Texas has raised the market's concerns about the second outbreak of the epidemic. From the VIX index, the market panic has risen again, b...
Crude oil
Recently, major investment banks headed by Goldman Sachs have begun to bear a bearish view on oil prices. The downturn in refinery profits, the gradual decline of China’s overbought po...
Crude oil
Saudi Arabia will cancel the voluntary production cut of 1 million barrels per day from July. We expect the UAE and Kuwait to keep pace with Saudi Arabia. Considering the recent ...
Crude oil
After some twists and turns, OPEC finally held a successful meeting last weekend. The Saudi-Russian conference alliance continued to lead the trend of production cuts. The coal product...
Crude oil
The time of the OPEC production reduction meeting is still not fully determined. At present, the attitudes of Saudi Arabia and Russia are more clear. The premise of prolonging producti...
Crude oil
OPEC's production cuts have been setbacks. Since countries such as Iraq and Nigeria have failed to implement complete production cuts, the meeting scheduled on the 4th has been p...