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Opec
Oil Price
Oil Prices Set for Weekly Gain Ahead of OPEC+ Meeting
Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week.
Crude Oil
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…
SINOPEC
Fitch Affirms Sinopec at ‘A+’; Outlook Stable
Fitch Ratings has affirmed China Petroleum & Chemical Corporation’s Long-Term Foreign- and Local-Currency Issuer Default Ratings at ‘A+’.
Oil Field
Repsol Sinopec Preparing for Decommissioning of UK North Sea Field
Oil and gas company Repsol Sinopec has received approval from the UK authorities for preparation work scopes plan relating to the decommissioning of the Fulmar …
Crude Oil
Crude Oil Pares Losses After UAE Reassures on OPEC Commitment
Crude oil prices were down fractionally in early trading in New York on Thursday, paring earlier losses after the United Arab Emirates rebutted reports claiming…
LNG Carrier
World's Largest LNG Carrier Docked and Unloaded at Sinopec's LNG Terminal in Tianjin
On November 10, Q-Max Al Mafyar, the world's largest LNG carrier, smoothly docked and unloaded at Sinopec's LNG terminal in Tianjin, it is also the 100th LNG…
Hydrogen Fuel Stations
Sinopec Deploys Hydrogen Energy Industry on a Large Scale
Sinopec's large-scale deployment of hydrogen energy industry, some gas stations will be transformed into hydrogen refueling stations.
LNG Carrier
Sinopec Unloads the World's Largest LNG Carrier for the First Time
On November 10, the Q-MAX LNG carrier Almafia, which set sail from Qatar, successfully berthed at the Tianjin LNG receiving terminal wharf of Sinopec Natural Ga…
Oil & Gas Trade
Saudi Arabia and Iraq Agree to Intensify OPEC Cooperation
The ceiling compares with Iraq’s actual production of over 4 million bpd in April.
Russian Federation
Novak Steps Down as Russian Energy Minister
Russia's long-serving energy minister Alexander Novak, who oversaw the country's participation in the Opec+ agreement, is stepping down after more than eight ye…
Oil & Gas Trade
OPEC Would Miss 'Friend Trump', Wary of Strains Under Biden
Biden could modify U.S. diplomatic relations with three members of OPEC - de facto leader Saudi Arabia, and sanctioned countries Iran and Venezuela, as well as …
Crude Oil
Iraq Says October Crude Output Exceeds Opec+ Quota
Iraq exceeded its Opec+ crude output ceiling last month, when production rose by 242,000 b/d from September to 3.842mn b/d, according to state-owned marketing f…
Oil Price
Oil Price Headed up Towards $50 per Barrel in 2021: S&P Global Platts
Brent crude, the global benchmark for oil prices, is likely to remain around $40 per barrel in the rest of the current calendar year but could be headed towards…
Energy Investment
Mozambique Gets $50m from OPEC Fund to Support Energy Access
Mozambique will benefit from a loan of $ 50 million from the OPEC Fund, in support of its policy of promoting access to energy.
Oil Price
UAE Cuts 2021 Federal Spending by 5.3% on Low Oil Prices, COVID-19
The UAE, OPEC's third largest producer, lowered its federal spending for 2021 by 5.3% after a record budget this year, the government said Nov. 1, as low oil pr…
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