International crude oil opened 17% higher this morning; Saudi Arabia’s largest petrochemical company was attacked. What’s your opinion on this?
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According to Xinhua News Agency, the Saudi Ministry of Interior stated on the 14th that in the early hours of that day, Saudi Aramco’s “world’s largest oil processing facility” and Saudi Arabia’s second-largest oil field were attacked by drones, resulting in an explosion and fire at a processing facility that is “crucial for global energy supply.” It is reported that one of the attacks occurred at the Abqaiq facility near Dammam province in eastern Saudi Arabia. This facility houses a petroleum processing center that handles two-thirds of Saudi Arabia’s oil production; crude oil from several major oil fields in the country is processed here before being sent to export terminals. Data from the U.S. Energy Information Administration (EIA) shows that Abqaiq is the world’s largest oil processing facility and crude stabilization plant, capable of processing up to 7 million barrels of crude oil per day. Another site that was attacked is the Khurais oil field, which is Saudi Arabia’s second-largest oil field with a daily production capacity of 1.45 million barrels. Brent crude and WTI both opened with sharp gains! The advantages of coal chemical industry, which have always held \"strategic significance\", have become even more prominent. As someone in the coal chemical sector, do you have anything to say?
The advantages of coal chemical industry are now truly remarkable
The higher the international crude oil price, the greater the added value of coal chemical products: lol
Indeed, a mere small trigger has caused such turmoil in world oil prices; **strategies for energy security should also be considered. This time it’s oil fields, but what if it’s a strait that cannot be bypassed next?
With periodic fluctuations in prices, the coal chemical industry still needs to diversify its products in order to ensure corporate profitability
Look, all those that attacked the oil depots this time were drones; it’s even harder to defend against those
We have been making plans all along; the goal is to develop coal chemical industry vigorously, as our oil reserves are too limited and our natural gas supply is not sufficient.
Mainly, the profitability of coal chemical industries these days is relatively low, and there is also severe homogenization
Two drones affected **50% of their output, can you believe it? Iran refuses to accept the need to find reasons for price increases and to have others carry the burden; P
Great, oil prices have gone up. The coal chemical industry is seeing positive developments.