Shengli
Shengli Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2023-02-17 | $83 | 611 | 621 | 1.98 |
| 2023-02-16 | $85 | 625 | 635 | 2.03 |
| 2023-02-15 | $84 | 618 | 628 | 2.01 |
| 2023-02-14 | $86 | 629 | 639 | 2.04 |
| 2023-02-13 | $85 | 626 | 637 | 2.03 |
| 2023-02-10 | $85 | 621 | 631 | 2.02 |
| 2023-02-09 | $85 | 621 | 632 | 2.02 |
| 2023-02-08 | $83 | 612 | 622 | 1.99 |
| 2023-02-07 | $82 | 601 | 611 | 1.95 |
| 2023-02-06 | $80 | 587 | 597 | 1.91 |
| 2023-02-03 | $82 | 598 | 608 | 1.94 |
| 2023-02-02 | $83 | 605 | 615 | 1.97 |
| 2023-02-01 | $85 | 626 | 637 | 2.03 |
| 2023-01-31 | $84 | 612 | 622 | 1.99 |
| 2023-01-30 | $85 | 625 | 635 | 2.03 |
| 2023-01-27 | $87 | 640 | 650 | 2.08 |
| 2023-01-26 | $85 | 625 | 635 | 2.03 |
| 2023-01-25 | $85 | 626 | 637 | 2.03 |
| 2023-01-20 | $86 | 628 | 638 | 2.04 |
| 2023-01-19 | $84 | 612 | 622 | 1.99 |
| 2023-01-18 | $86 | 629 | 640 | 2.04 |
| 2023-01-17 | $84 | 616 | 626 | 2 |
| 2023-01-16 | $83 | 611 | 621 | 1.98 |
| 2023-01-13 | $83 | 609 | 619 | 1.98 |
| 2023-01-12 | $81 | 597 | 606 | 1.94 |
| 2023-01-11 | $79 | 577 | 586 | 1.87 |
| 2023-01-10 | $78 | 575 | 585 | 1.87 |
| 2023-01-09 | $79 | 582 | 592 | 1.89 |
| 2023-01-06 | $78 | 571 | 580 | 1.85 |
| 2023-01-05 | $77 | 566 | 576 | 1.84 |
Shengli Historical price
- In 2017 maximum price $60 per bbl (2017-12-29)
- In 2018 maximum price $45 per bbl (2018-12-28)
- In 2019 maximum price $73 per bbl (2019-12-31)
- In 2020 maximum price $53 per bbl (2020-12-31)
- In 2021 maximum price $80 per bbl (2021-12-31)
- In 2022 maximum price $82 per bbl (2022-12-30)
- In 2023 maximum price $83 per bbl (2023-02-17)
Shengli Crude Oil: The Key to China's Energy Security
As one of the world's largest oil-producing countries, China relies heavily on crude oil to power its rapidly growing economy. To ensure its energy security, the Chinese government has been making strategic investments in domestic and overseas oil reserves, including the Shengli oil field.
What is Shengli Crude Oil Field?
The Shengli oil field is located in the Shandong Province of Eastern China and is considered one of the country's largest and most productive oil fields. The field was discovered in 1964 and has since been developed into a major oil-producing region, providing China with a steady supply of crude oil to meet its growing energy demands.
The Importance of Shengli Crude Oil to China's Energy Mix
As China's economy continues to grow, so does its demand for energy. To meet this demand, the Chinese government has been making strategic investments in domestic and overseas oil reserves, including the Shengli oil field. The oil produced at Shengli provides a significant portion of China's domestic crude oil supply, helping to ensure its energy security and reducing its dependence on foreign oil.
Moreover, Shengli crude oil is of high quality and is in high demand globally, making it a valuable resource for China's economy. By investing in the development of the Shengli oil field, the Chinese government is ensuring a stable source of income from the sale of crude oil both domestically and abroad.
The Future of Shengli Crude Oil
Despite its importance, the Shengli oil field is facing challenges due to declining oil reserves and increasing production costs. However, the Chinese government has been investing in the development of advanced technologies to enhance oil recovery and extend the life of the field. Additionally, exploration activities are being carried out to discover new reserves and further increase the field's production capacity.
Overall, Shengli crude oil is and will continue to play a crucial role in China's energy security and economic development. The Chinese government's investment in the development and exploration of the Shengli oil field is a testament to its commitment to ensuring a stable supply of energy for its people and a sustainable future for its economy.
Conclusion
In conclusion, Shengli crude oil is a valuable resource for China and the world. It is essential to China's energy security and economic development, and the Chinese government's continued investment in the field ensures its ongoing importance in the future. By utilizing advanced technologies and exploring new reserves, Shengli crude oil will remain a key player in China's energy mix and a reliable source of energy for years to come.
Frequently Asked Questions about Shengli Crude Oil
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How does Shengli crude oil contribute to China's energy security? Shengli crude oil provides a significant portion of China's domestic crude oil supply, helping to ensure its energy security and reducing its dependence on foreign oil.
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Is Shengli crude oil of high quality? Yes, Shengli crude oil is of high quality and is in high demand globally.
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What is the future of Shengli crude oil field? The future of Shengli crude oil field is challenging due to declining oil reserves and increasing production costs. However, the Chinese government has been investing in the development of advanced technologies to enhance oil recovery and extend the life of the field. Additionally, exploration activities are being carried out to discover new reserves and further increase the field's production capacity.
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What is the impact of Shengli crude oil on China's economy? Shengli crude oil is a valuable resource for China's economy. It provides a stable source of income from the sale of crude oil both domestically and abroad.
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How does the Chinese government ensure the stability of Shengli crude oil supplies? The Chinese government ensures the stability of Shengli crude oil supplies by investing in the development and exploration of the oil field. This investment helps to enhance oil recovery and extend the life of the field, ensuring a stable supply of energy for the country.
Conclusion
Shengli crude oil is a valuable resource for China, both in terms of its energy security and its economic impact. Despite the challenges of declining oil reserves and increasing production costs, the Chinese government is committed to ensuring the stability of Shengli crude oil supplies through investment in technology and exploration.
The information in this article has been researched and written to provide a comprehensive overview of Shengli crude oil. For further reading and in-depth analysis, we recommend visiting the following sources:
- China National Offshore Oil Corporation (CNOOC)
- US Energy Information Administration (EIA)
- Oil and Gas Journal
This article has provided a comprehensive overview of Shengli crude oil, including its history, production, quality, and future. We hope it has been a useful resource for anyone interested in this important energy resource.
