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USA refinery producers are slowing down production, exacerbating concerns about global crude oil oversupply.
Some top oil refiners in the USA are reducing their operation of refining facilities this quarter, which is exacerbating concerns about the global oversupply of crude oil products.
Poor economy drags down the market and soaring risk aversion pressures oil prices to plummet.
This week (8.1-8.7), crude oil product overall showed a trend of falling first and then rising. The average price of WTI this week was $74.24 per barrel, a decrease of $2.54 per barrel or -3.31% from the previous week.
Three Chinese Firms Join Top 10 in 2024 Fortune Global 500 List
Huabao Securities: Hydrogen Price Index sees a decrease in supply and consumer demand, fuel cell vehicle production and sales enter the peak season.
With the implementation of relevant policies and completion of project construction, the market supply and demand for green hydrogen production and co-combustion of green hydrogen/green ammonia are expected to see double growth.
Crude Oil Prices Trending Down – NAB Group
Oil Prices Fall on Demand Concerns as U.S. Data Points to Slowing Economy
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