Due to an unexpected increase in U.S. gasoline inventories, international crude oil futures prices fell sharply on the 3rd.

Bolivian President Evo Morales announced the nationalization of natural gas resources on the 1st, ordered the army to station in natural gas fields across the country, and required foreign companies investing in Bolivia's natural gas field to hand over control, otherwise they will be expelled.

In the favorable situation of rising oil prices, Russian state-owned oil company OAO Ros-neft is currently planning a listing plan with a fundraising amount of up to 20 billion U.S. dollars. The size of this IPO will exceed the amount raised by Japan's NTT DoCoMo IPO in 1998. It is expected that Become the world's largest IPO.

After expressing "interest" in the Russian plan, an Iranian delegation went to Moscow on the 20th to discuss the plan in detail with Russia. On the same day, a delegation led by Foreign Minister Mottaki personally arrived at the EU for a visit. Attacking from both sides provides a new opportunity for diplomatic settlement of the Iranian nuclear issue.

In the direct impact of the suicide bombing at the huge Abqaiq oil processing plant in Saudi Arabia, NYMEX March crude oil futures rose by about $2 on Friday to close at $62.91.

Crude oil futures prices rebounded this week and basically showed a trend of range oscillation. Due to the impact of inventory factors, the rebound in futures prices has been suppressed to a certain extent. However, the attack on the Saudi refinery on Friday prompted futures prices to rise sharply, indicating that the market is still very concerned about oil security factors.

According to the Bahrain Tribune on March 22: In 2008, Bahrain will receive direct natural gas supplies from Qatar as part of the "Dolphin Project", an official from the Ras Laffan Industrial City told the Bahrain Tribune yesterday.

The energy ministers of Argentina, Brazil and Venezuela recently confirmed in Caracas the construction project of the Southern Natural Gas Pipeline, the largest energy project in South America. The entire project is expected to invest US$20 billion, with a planned gas transmission capacity of 150 million cubic meters per day, and will be completed in 2012.