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International oil prices

International oil prices:

11/2 closing: The Federal Reserve maintained its basic interest rate unchanged, the US dollar exchange rate fell, international crude oil futures closed significantly higher, and WTI 82.46 rose 2.02; Brent 86.85 up 2.22

1.    In October, there was an increase in oil shipments by sea, with Brazil and Russia making outstanding contributions. In October, there was a significant increase in oil shipments by sea, with Brazil's oil shipment volume significantly increasing. Russian exports continued to recover, and shipments from the North Sea surged. Since June, the growth rate of 23 oil producing countries and regions has exceeded 38 million barrels per day for the first time. This growth in oil exports has offset the production reduction efforts of OPEC+oil producing countries.

2. Iraq exported 109.55 million barrels of crude oil in October, with a selling price of $88.26 per barrel. The Iraqi Ministry of Oil stated in a statement that as the second largest oil producing country in OPEC, Iraq exported 109.55 million barrels of crude oil from centrally controlled oil fields in October. The initial revenue from Iraq's oil sales in October was $9.67 billion, with a selling price of $88.26 per barrel.

3. Indian refineries are reducing their dependence on Russian oil: According to Kpler's data, India's crude oil imports from Russia decreased by 11% in October to 1.58 million barrels. The reasons include the increasingly unappealing discounts offered by Russia, as well as the need for regular maintenance of several facilities at the Jamnagar factory by Reliance Industries Limited, which has purchased the least crude oil since September 2022. And India's imports to Saudi Arabia have almost doubled.