Crude oil
At present, the market is still focusing on the prospects of OPEC's production cuts. If the reduction in OPEC's output is compared to surgery, it is undoubtedly successful from t...
Crude oil
OPEC will advance the production reduction meeting originally held from June 9 to 10 to June 4 this week, and will discuss whether to continue to extend the current production re...
Crude oil
The recent performance of US oil prices continues to be stronger than that of Brent oil. From a funds perspective, the recent increase in the net long positions of US oil funds is sign...
Crude oil
The EIA released weekly data yesterday. The overall crude oil inventory performance is similar to the API, but the current focus is still the refinery and refined oil inventories...
Crude oil
According to OPEC+’s previous production reduction agreement, the scale of production reduction will gradually decrease over time. May to June will be the month with the greatest...
Crude oil
According to OPEC+’s previous production reduction agreement, the scale of production reduction will gradually decrease over time. May to June will be the month with the greatest...
Crude oil
Judging from the latest fund holdings data, the net long positions of U.S. Oil Funds are still at record highs. After the recent price reached a new high, the fund’s enthusiasm f...
Crude oil
At present, the market pays more attention to the continuity of China's inventory replenishment, which is a big question. We think there are three reasons that will restrict Chin...
Crude oil
The EIA released inventory data yesterday, which is basically consistent with API data. National inventories have declined, and Cushing’s inventory has fallen sharply. This is basicall...
Crude oil
API crude oil inventories fell. After the crude oil market is quickly rebalanced, the main contradictions in the current oil market are concentrated on the refinery and refined oil sid...
Crude oil
Due to the unexpected decline in supply, oil prices continued to rebound, and the discount of spot and monthly difference of crude oil continued to strengthen, suggesting that the spo...
Crude oil
In the latest monthly reports released by the three major organizations, the supply of non-OPEC has been substantially revised down. However, for demand, EIA and OPEC continued to unde...
Crude oil
The recent reduction in supply in the oil market exceeded expectations. In OPEC+, the implementation of production cuts has been faster. The crude oil exports of core oil-producing cou...
Crude oil
EIA released inventory data yesterday, crude oil inventories unexpectedly declined, far exceeding market expectations and API data announced the day before yesterday, but oil pri...
Crude oil
Yesterday, Saudi Arabia announced that it will cut production by an additional 1 million barrels per day from June, and its exports may be less than 6 million barrels per day. We belie...
Crude oil
The plunge in freight rates promoted a rebound in oil prices, but the follow-up momentum was limited. In this round of oil price rebound, the plunge in freight rates may be an easily o...
Crude oil
There is a ceiling above, and the space for oil price rebound is limited. For WTI oil, the price of $25 per barrel is the current cash cost line for most shale oil producers. If ...
Crude oil
We believe that the market's focus in May will be on the implementation of OPEC+ production cuts and the progress of unblocking in Europe and America in addition to the previous storag...
Crude oil
The market will swing between the limit of storage capacity and the expectation of supply clearance. During the May Day holiday, oil prices rebounded strongly, and the monthly di...
Crude oil
The number of floating warehouses has increased dramatically. In the short term, the downward pressure on contracts in current month is still unsolved. At present, the remaining glo...
Crude oil
The BOC crude oil ETF event will have a far-reaching impact and may change the structure of market participants. With the huge loss of BOC crude oil ETF, domestic supervision beg...
Crude oil
The US crude oil prices have fallen into negative values in nearby month contracts. Yesterday, WTI prices fell sharply in nearby months before expiration, and fell to -37 USD per...
Crude oil
The INE raised the storage fees for crude oil futures. As the market expects the exchange to adjust the delivery warehouse storage fees in advance, the monthly spread of contract...
Crude oil
Crude oil: IEA estimated that the oil storage capacity will reach the limit by the middle of the year. Judging from the Saudi OSP announced this week, Saudi Arabia’s official exp...
Crude oil
Cushing may soon reach the capacity limit. Yesterday, the American pipeline company Enterprise product said that it will start the delivery of oil from Katy, Texas to Cushing on May 1....
Crude oil
The discount of the nearby month contracts of US crude oil reached a new high. Since April, WTI's rapid increase in discount in the nearby month contract has caused market attent...
Crude oil
The storage space determines the oil price. The outlook for production cuts is still full of uncertainty. Oil companies in OECD countries, especially the United States and Canada...
Crude oil
The production cuts are eventful, and the oil market may maintain high volatility. Last week, oil prices rebounded strongly. Saudi Arabia held a temporary OPEC+ meeting to discus...
Crude oil
Crude oil inventories and exports of Saudi Arabia increase significantly. According to Kpler schedule data, OPEC crude oil exports remained stable in March, but Saudi Arabia increased ...
Crude oil
Oil prices continue to fall, and negative crude oil prices have now appeared in the United States. According to Bloomberg News, a crude oil called Wyoming Asphalt Sour was quoted at $-...
Crude oil
The global epidemic updated, and the crude oil balance sheet continues to deteriorate. With the outbreak of overseas epidemics in major economies such as Europe and the United States, ...
Crude oil
The United States withdraws bidding for strategic reserves. Due to funding problems, the U.S. Department of Energy canceled 30 million barrels of crude oil strategic reserve bidding, a...
Crude oil
The outlook for global demand has deteriorated further, and the inventory is expected to increase significantly. As more countries such as the United States, the United Kingdom, India,...
Crude oil
Affected by the epidemic, global refineries may reduce production significantly. With the plunge in demand, the decline in production profits and the impact of the government's isolati...
Crude oil
The US gasoline prices plummeted, and cracking spreads went negative. Crude oil prices rebounded yesterday, but the price of RBOB gasoline in the United States plummeted, causing...
Crude oil
Refined oil consumption slumps, Colonel pipeline throughput drops by 20%. In the last round of oil price slump from 2014 to 2016, as the global price of crude oil fell more than that o...