The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.
Tags: Crude oil price
Oil Prices at Risk of Rising Above $100 After Intensifying Middle East Conflict
Oil prices saw a slight increase following Israel's airstrike that killed the Hezbollah leader, but no significant disruptions to oil supplies are expected as the market anticipates no major war between Iran and Israel.
US Crude Oil Price Nears $79 as Libya Crisis Escalated and China’s Demand Weakens
US crude oil prices rose to $74.92 per barrel on Thursday, driven by supply disruptions in Libya and weak demand from China.
US Crude Oil Price Surges Due to Middle East Tensions and Hurricane Beryl
Escalating geopolitical tensions between Israel and Hezbollah and Hurricane Beryl's potential impact on Gulf Coast refineries push US crude oil prices to reach a two-month high.
Stocks gain on strong data with oil nearing $35/bbl
Led by energy and banking stocks, equities on Wall Street surged after the latest data buoyed investor confidence. Crude oil price was nearing $35 per barrel. Wall Street is waiting for jobs data to be released on Friday.
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China, as part of a wider drive into progressive industries to boost its GDP growth, plans to combine over 40 entities to work on the giant $22 billion plane-engine project. Under the plan, the government of China along with companies like Aviation Industry Corp. would invest 35 billion yuan.
Chevron said that its subsidiaries in Australia have entered into a non-binding Heads of Agreement with ENN LNG Trading Co. Ltd to sell liquefied natural gas to China. The delivery of LNG will be commenced in the first six-month of 2019, according to the company.
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