SINOPEC and PetroChina are negotiating with national com-panies in the Middle East on constructing a joint-venturedethylene project.The investment in this project will total 5billion USD.The possible Middle East coope...SINOPEC and PetroChina are negotiating with national com-panies in the Middle East on constructing a joint-venturedethylene project.The investment in this project will total 5billion USD.The possible Middle East cooperative partnersinclude the Kuwait Oil Company (KOC),Sabic and SaudiAramco.The Chinese side hopes to finalize the plan on es-展开更多
(1)In 2017,international oil prices presented a‘V-shaped’curve and broke through the operation range of USD 40-60 in early November.At present,the WTI average price in 2017 was USD 50/barrel,with a year-on-year grow...(1)In 2017,international oil prices presented a‘V-shaped’curve and broke through the operation range of USD 40-60 in early November.At present,the WTI average price in 2017 was USD 50/barrel,with a year-on-year growth of USD 7.47/barrel(+17.57%)and a fluctuation range of USD 42.53-57.35/barrel;the Brent average price was USD 53.62/barrel,with a year-on-year growth of USD 9.5/barrel(+21.54%)and a fluctuation range of USD 44.82-64.27/barrel.(2)The rebalance of the global oil market was finally achieved.In 2017,the world oil supply and demand finally achieved a rebalance after constant easing for three consecutive years in 2014-2016.Despite the good implementation by the oil-producing countries,the dramatic increase in production by the U.S.and by the countries exempt from the production reduction resulted in a slower rebalance process than expected(Fig.1).展开更多
文摘SINOPEC and PetroChina are negotiating with national com-panies in the Middle East on constructing a joint-venturedethylene project.The investment in this project will total 5billion USD.The possible Middle East cooperative partnersinclude the Kuwait Oil Company (KOC),Sabic and SaudiAramco.The Chinese side hopes to finalize the plan on es-
文摘(1)In 2017,international oil prices presented a‘V-shaped’curve and broke through the operation range of USD 40-60 in early November.At present,the WTI average price in 2017 was USD 50/barrel,with a year-on-year growth of USD 7.47/barrel(+17.57%)and a fluctuation range of USD 42.53-57.35/barrel;the Brent average price was USD 53.62/barrel,with a year-on-year growth of USD 9.5/barrel(+21.54%)and a fluctuation range of USD 44.82-64.27/barrel.(2)The rebalance of the global oil market was finally achieved.In 2017,the world oil supply and demand finally achieved a rebalance after constant easing for three consecutive years in 2014-2016.Despite the good implementation by the oil-producing countries,the dramatic increase in production by the U.S.and by the countries exempt from the production reduction resulted in a slower rebalance process than expected(Fig.1).
