Oil prices rose to the highest closing price since 2024, after the International Energy Agency (IEA) warned that the oil market could face a supply gap throughout the year. WTI closed above $81 per barrel, the highest level since November last year, breaking through the critical psychological...
In 2023, the domestic refined oil, gasoline, and diesel market prices have shown an upward trend. The starting price of gasoline was 7,477.6 RMB/ton, and the ending price was 8,460 RMB/ton, with an annual price increase of 13.14%; At the beginning of the year, the price of diesel w...
Oil prices rose Tuesday as U.S. crude production is expected to plateau this year after setting a record in 2023. TheWest Texas Intermediatecontract for March added 53 cents, or 0.73%, to settle at $73.31 a barrel. TheBrentcontract for April was settled at $78.59 a barrel, up 60 cents...
THE Caspian Pipeline Consortium (CPC) network is expected to expand oil flow by 10% in 2024 to 70mn tonnes (1.4mn barrels per day), the head of its operating company Nikolai Gorban announced on January 16. This would mark a new record for the pipeline's usage, Gorban said. CPC ...
In December 2024, the average price of one barrel of Brent crude oil was 73.86 U.S. dollars. This was the lowest figure in the past 24-month period. Lower oil demand in China and announcements that the OPEC were expecting to increase production led to this fall in prices. Brent terminolo...
Oil Prices Fluctuate Amidst China's Economic Growth and Middle East Tensions Oct 18, 2024 at 03:05 | Irina Slav Crude oil prices were on the rise earlier today as China reported strong retail sales and GDP growth figures. However,…
Fuel prices in the US and EU will continue to rise due to OPEC+’s refusal to increase oil productionAccording to Bloomberg forecasts, oil prices could reach $100 per barrel.Over the past year, oil production has fallen by 3.8 million barrels per day to offset export restrictions....
Over the past decade, US upstream companies have prioritized capital discipline, digital transformation, and strategic acquisitions to grow profitably. This strategy contributed to a 7% rise in their net income from 2014 to 2023, despite an 18% drop in oil prices.17In the coming year, companies...
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调价price adjustment ; adjust price ; readjust prices ; rise in price ; raise or lower the price 折合Equivalent ; convert into ; amount to 油箱容量 Fuel Tank Capacity ; fuel tank ; Tank capacity ; Fuel capacity 私家车 private car