The crude oil market may soon usher in a new development, while Africa and South Africa will become new winners of energy wealth.

Dodar recently announced that it had made a major condensate discovery off the coast of South Africa.

The company said it had discovered a condensate field 175 kilometers offshore from the southern coast of South Africa, located in the Brulpadda prospect area, in Block 11B/12B of the Outeniqua Basin. The oil and gas bearing layer is 57 meters thick, stratigraphic age is Early Cretaceous, and drilling depth is 3633 meters. The following three-dimensional seismic exploration will be carried out by Dodar, followed by four exploration wells. According to Dodar, the exploration well has a resource of about 1 billion barrels of oil equivalent.

With 45% interest, Dodall is the operator of 11B/12B, covering an area of 19,000 square kilometers. Other partners include Qatar Petroleum, a 25% shareholder, CNR International, a 20% shareholder, and Main Street, a 10% South African consortium.

“With this discovery, Doddle has opened up a new world-class gas and oil business and has the ability to test several follow-up prospects in the same block,” Kevin McClarkland, senior vice president of exploration at Doddle, said in a statement.

Andrew Latham, vice president of Wood Mackenzie, an energy consulting firm, commented that although the well was not a crude oil discovery, Brulpadda would eventually bring about a billion barrels of equivalent, which would surely bring huge changes to South Africa. The crude oil market may find a turnaround.

In response to Dodar’s statement, South African Mining Minister Mantash welcomed this, believing that the oil and gas discovery will promote economic development.

Akif Chaudhry, chief analyst at Wood Mackenzie, said that while this would help South Africa’s gas economy, long-term planning was still critical.

At present, South Africa is drafting a new bill on the development of crude oil and natural gas resources. Several major oil companies have already deployed large-scale offshore areas in Africa. BP, Mobil and Shell are also on the list. Among them, Mobil’s main deep-ploughing areas are western and southern Africa, including Ghana, Mauritania and Namibia and other countries.

According to Dow Jones Sao Paulo, Brazil’s oil production in December 2018 was higher than that in November because of an increase in production from the country’s huge subsalt oil fields.

Brazilian oil production rose to 2.7 million barrels a day in December, 4.8% more than in November and 3% more than in December 2017, the Brazilian National Petroleum Administration (ANP) said Monday. Natural gas production reached 114 million cubic meters per day in December, an increase of 1.2% over November and 0.3% over December 2017.

According to ANP, production from subsalt oilfields in December increased by 3.9% over November to 1.9 million barrels of oil equivalent per day, with oil production reaching 1.5 million barrels per day and natural gas production reaching 61.5 million cubic meters per day. In December, oil and gas production from subsalt oilfields accounted for 55.4% of Brazil’s total oil and gas production, compared with 50.7% in December 2017.

On January 28, the fluorite commodity index was 123.51, which was the same as yesterday. It was 3.12% lower than the cyclical peak of 127.49 points (2019-01-03), and 150.99% higher than the lowest point of 49.21 on December 18, 2016. (Note: Period refers to 2011-09-01 to date)

According to statistics, the recent domestic fluorite price trend has been slightly lower, the average domestic fluorite price as of 29 days is 3510 yuan/ton. Due to the impact of strict environmental protection inspection, some domestic fluorite plants have been shut down in the near future, while the supply of fluorite in the field has been relatively reduced, but the recent downstream market is not good, and the price of fluorite market has slightly declined. In addition to the low temperature, the low start-up rate of fluorite flotation units in the North has aggravated the shortage of domestic fluorite supply. In the southern fluorite market, the start-up of devices has also been reduced, and the supply of fluorite in the field is tight, but the downstream terminal receipt is not active, resulting in a slight drop in market prices. As of the 29th, the price of 97 fluorite wet powder in Inner Mongolia was 3200-3600 yuan/ton, the mainstream of 97 fluorite wet powder negotiations in Fujian was 3400-3700 yuan/ton, the price of 97 fluorite wet powder in Henan was 3300-3600 yuan/ton, and the price of 97 fluorite wet powder in Jiangxi was 3200-3600 yuan/ton.

The price of hydrofluoric acid in the downstream fluorite market declined, with the domestic market price of hydrofluoric acid at 12333.33 yuan/ton as of the 29th day. The market price of hydrofluoric acid slightly declined, while the domestic fluorite price market declined. In addition, the upstream refrigerant products have more maintenance devices, the demand for upstream fluorite and hydrofluoric acid has weakened, the recent downstream refrigerant trading market has declined, and the price of hydrofluoric acid products has slightly declined. Recent market of refrigerant downstream terminal market is cool, R22 refrigerant plant surface starts at 70%, R22 market device start-up rate is temporarily stable, the main production enterprise bulk water factory offer price is 17500-18500 yuan/ton, but the production enterprise does not have bulk water spot, mainly with a small number of cylinders shipped. In addition, the actual demand side of the market has declined, and the shipment market trend is poor. The domestic market price of R134a is slightly lower, the start-up rate of production enterprises is lower, the market demand for refrigerants is weakened, and manufacturers mainly export their products. However, the on-site transaction price does not change much, and the merchants purchase on demand. Recently, due to the impact of equipment maintenance, the upstream market demand for hydrofluoric acid has weakened. Generally speaking, there are many downstream negative factors, but because of the poor start-up of fluorite market devices and the high price of fluorite, Business Analyst Chen Ling believes that the price of fluorite market may be slightly lower due to the weakening downstream demand.

This week, the price of potassium chloride in neighbouring trade has fallen significantly, and other markets have also fallen steadily and quietly. The price of potassium sulfate has fallen slightly, but the market has not improved. Due to the restriction of logistics pressure, the price of potassium chloride pre-sale in border trade fell abnormally during the Spring Festival. At present, the price of 62% white potassium has fallen below 2200 yuan/ton. The price of potassium sulphate factory in Hebei area is lower than that of port supply. However, importers say that the pre-sale situation is still acceptable, and the pressure in the later period should not be very large. The price of port market has declined steadily and faintly, with 62% white potassium table. The mainstream of price quotation is still 2500-2550 yuan/ton, but the transaction price of large orders is basically lower than 2500 yuan/ton. It is rumored that the transaction price of some core customers is even lower. The price difference between 60% white potassium and 62% white potassium is larger than the 20 yuan/ton previously maintained for a long time, especially the local price of 62% Degabai has also fallen significantly to less than 2350 yuan/ton. To be Salt Lake Share, the company’s new price is being worked out in February. The rumored quotation remains unchanged, but some concessions may be offered to ensure holiday receipts. The return of 60% Dahong granular potassium Market ports is not obvious, the mainstream quotation is still around 2550 yuan/ton, and the preferential space is not very large, but the price of large granules squeezed by frontier trade and Northeast market has fallen in varying degrees, and overall is large. Granular potassium chloride is in a situation of no market, although it is short of goods. Some traders are worried about the future market. In addition, the international price of potash fertilizer has remained stable and has not increased significantly in the past three months. Generally speaking, the market stagnated during the Spring Festival, and the market psychological expectation was weak after the festival. The quantity of goods arrived was more than expected, and the cost space remained. It is expected that the price of potassium chloride will continue to decline.

Mannheim’s potassium sulfate start-up rate is low, but not particularly low. The pressure of the remaining stock of potassium sulfate is very big and difficult to ease. The overall market of potassium sulfate is not ideal. The price drop is not obvious for the time being, but the trend of weakness remains unchanged. With the continued decline of potassium chloride and the adjustment of each factory according to its own stock and by-product situation, it is expected that the high-end price of potassium sulfate will continue to fall, and the price gap between the high and low end of the market will gradually narrow. If demand is not strong after spring, the overall price of potassium sulfate will still have a greater downward possibility.

Liang Haihe, chief worker of China Meteorological Administration Meteorological Observation Center, said that global carbon dioxide concentration continued to rise in 2017.

At a press conference held by the China Meteorological Administration on the same day, he said that the China Meteorological Administration had recently issued the “China Greenhouse Gas Bulletin 2017 (No. 7)”, which corresponds to the “World Meteorological Organization 2017 WMO Greenhouse Gas Bulletin (No. 14)” issued by the United Nations on November 22, 2018.

Greenhouse gases mainly include carbon dioxide, methane, nitrous oxide, sulfur hexafluoride, hydrofluorocarbons and so on.

The World Meteorological Organization (WMO) issued its annual communique in 2017, which said that the concentration of major greenhouse gases in the global atmosphere continued to break through the historical record since instruments were observed. The increase of atmospheric carbon dioxide concentration in 2016-2017 was significantly lower than that in 2015-2016. Global atmospheric concentrations of methane and nitrous oxide reached new heights in 2017.

Liang Haihe said that in 1992, China Meteorological Administration first carried out background greenhouse gas concentration observation in China. At the end of 2016, China launched the first global carbon dioxide observation scientific experiment satellite (TanSat). At present, it has initially formed a three-dimensional observation capability of greenhouse gases, which integrates space, space and earth.

It is reported that at present, the China Meteorological Administration has seven ground-based greenhouse gas observation stations, namely, Wariguan in Qinghai, Shangdianzi in Beijing, Linan in Zhejiang, Longfeng Mountain in Heilongjiang, Jinsha in Hubei, Shangri-la in Yunnan and Akdara in Xinjiang. Wariguan Station in Qinghai Province is one of the 31 WMO/GAW atmospheric background stations in the world. In 2017, the concentrations of carbon dioxide, methane and nitrous oxide observed at Wariguan Station in Qinghai Province increased, which were higher than the global average in the same period, especially the methane concentration was significantly higher than the global average. In 2017, the greenhouse gas concentration of three regional background stations, Shangdianzi in Beijing, Linan in Zhejiang and Longfengshan in Heilongjiang, also increased.