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BP PLC Newsroom
Two news stories boost international oil prices, petrochina's Hong Kong stocks rose nearly 4%.
① Why did the usa announce sanctions on Iranian oil? ② What impact does OPEC+'s postponement of the production increase plan have on the crude oil product market?
Crude oil: Oil prices rise as the usa intensifies sanctions on Iran and OPEC+ makes progress towards delaying production resumption.
Crude oil prices saw the largest increase in over two weeks on Tuesday, as the usa announced additional sanctions on Iranian crude oil, and OPEC+ made progress toward further delaying production increases.
Update: WTI Crude Closes Up 2.7% as OPEC+ Seen Delaying Return of Production Cuts
OPEC+ Production Increase Likely to Be Postponed for Another Three Months – Commerzbank
Oil Trades Higher as OPEC+ Seen Delaying Return of Production Cuts to Market
One bad news for oil bulls: OPEC+ "no more".
OPEC's control over the oil market is increasingly weakening, and if no action is taken, the organization's control may completely disappear.
Afternoon crude oil analysis: Brent crude oil futures prices have increased slightly, and the oil field in Kazakhstan remains shut down...
Kazakhstan's Deputy Minister of Energy, Alibek Zhamauov, stated on December 2nd that due to maintenance reasons, Kazakhstan's Tengiz oil field with a production capacity of 0.6 million barrels per day is still partially shut down.
Oil Prices Hold Steady Ahead Of OPEC+ Meeting
OPEC's crude oil production capacity has expanded for two consecutive months, and the rhetoric of "overcapacity" is sweeping the oil market.
In November, the daily production increased by 0.12 million barrels; under pressure from allies, Iraq has been reducing production for three consecutive months.
International oil prices are fluctuating within a range, and the retail price limit of refined oil may face being stranded.
Gelonghui, December 3 | According to Zhuochuang news, during this period, the domestic reference crude oil product change rate showed a gradual downward trend after turning from negative to positive.
OPEC's Power Is Waning. That's Bad for Oil Bulls. -- Barrons.com
European Equities Traded in the US as American Depositary Receipts Decline in Monday Trading
Oil Prices Rise, Buoyed by Upbeat China Data Ahead of Postponed OPEC+ Meeting
Berenberg Trims Price Target on BP to GBP4.40 From GBP4.70, Maintains Hold Rating
Crude Oil Trades Stuck in Tight Range Ahead of Crucial OPEC+ Meeting
Oil Markets on Edge Amid OPEC+ Output Policy and European Gas Concerns
BP Should Focus on Balance-Sheet Issues at February Strategy Update -- Market Talk
Express News | Berenberg: lowered the target price for bp plc from 470 pence to 440 pence.
Leakage and terrorist attacks pose dual risks to the world's most important pipeline system.
The northern oil pipeline of the Druzhba system may experience a "leak", while the southern oil pipeline is troubled by terrorist threats.
Trump's Proposed Tariffs on Canada Could Push up Pump Prices, Whack Midwest Refiners