Obviously, the surge in U.S. shale oil production is a major reason for the surge in U.S. crude oil exports. In the past few years, U.S. refining production has consumed a large part of the greatly increased supply of shale oil, but the amount they can co

For example, India has notified oil refineries that it will no longer provide euro payment channels after the 4th. Although India may still do some side-kick actions at the moment, it is urgent to find alternative suppliers. Japanese shipping companies ha

Innes said: The bulls regain the upper hand, especially after traders have shown a high degree of resistance to the unexpected rise in inventories revealed by the API survey. He was referring to the American Petroleum Institute API’s announcement on Septe

Last week, amid concerns about the situation in Syria, the trend of crude oil hit its best record in eight months. With the progress of the production reduction agreement, OPEC said on Thursday that the global oil inventory surplus was close to evaporatin

In the opinion of some analysts, another situation may arise, that is, Saudi Arabia and Russia may insist on implementing plans to increase production despite the opposition of allies. If other countries do not want to do it, Saudi Arabia will do it alone