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Saudi Arabia plans to start resuming part of international oil supply in October in response to falling international oil prices
Oil prices extended their decline as outsiders worried about the outlook for demand and strong supply.
OPEC+ Extends Global Oil Production Cuts Into 2025 -- Barrons.com
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, has agreed to maintain current voluntary production cuts through next year. Their decision is expected to keep oil prices higher through the U.S. presidential election.
Sinopec Publie Des Rapports Présentant Les Perspectives De Développement De L'énergie, De L'hydrogène Et De La Chimie En Chine
RIYAD, Arabie saoudite, 30 mai 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, « Sinopec ») a publié des rapports qui mettent en lumière l'avenir du secteur pétrochimique c
[Broker Focus] CITIC Securities says the peak energy demand season is approaching, crude oil demand is expected to increase slightly
Jinwu Financial News | CITIC Securities says peak energy demand season is approaching. On the supply side, the implementation of production cuts in Iraq and Russia in April fell short of expectations and insufficient support. They are concerned about new production reduction decisions that may be formed at the OPEC+ meeting in June, which may support the rise in crude oil prices. On the demand side, since May 10, China introduced a series of new real estate policies to stimulate domestic demand, market sentiment was boosted, and commodity performance was strong, driving expectations for growth in crude oil demand. According to EIA data, the US gasoline cracking gap continued to pick up after entering May, the operating rate of US refineries increased to more than 90%, and demand for refined oil products boosted with the arrival of the holidays
Sinopec Publica Informes Que Ofrecen Perspectivas Del Desarrollo De Energía, Hidrógeno Y Químico De China
RIYADH, Arabia Saudí, 29 de mayo de 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") publicó informes que arrojan luz sobre el futuro del sector petroquímico de C
[Broker Focus] CITIC Securities says OPEC+ production cuts provide support for medium to high fluctuations in crude oil prices
Jinwu Financial News | CITIC Securities said that OPEC+ production cuts provide support for high fluctuations in crude oil prices. On November 30, 2023, the OPEC annual meeting decided to cut production by an additional 2.2 million b/d in the first quarter of 2024 based on the June quota and maintain production cuts until the end of June. Compared with the production reduction agreement, Saudi Arabia is implementing production cuts better, and Iraq, the United Arab Emirates, and Kazakhstan need to continue to cut production. According to the Financial Services Association on May 11, Iraq stated that it “will not support any extension of production cuts.” Furthermore, the scale of Russia's production cuts also fell short of expectations, and further attention should be paid to changes in its production in the future. If some OPEC countries
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151467742 : $YANZHOU COAL MININ (YZCAY.US)$ Dude, which coal futures market has the most influence?