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Opec
SINOPEC
China's Sinopec Raises 2021 Capital Expenditure by 23.8%
Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on shale gas development in southwest China and construction of liquefied natural ga…
Oil Price
India and Saudi Arabia Spar Over Oil Prices
The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near…
Oil & Gas Trade
Sinopec Signs 10-Year Deal with Qatar Petroleum for 2 m tons of LNG
China Petrochemical Corp, or Sinopec Group, has signed a long-term purchase and sales agreement with Qatar Petroleum to buy 2 million tons of LNG from Qatar Pet…
OPEC
Video: OPEC | International Organizations | GA
Learn all about the OPEC (The Organization of the Petroleum Exporting Countries).
Crude Oil
OPEC+ Will Keep A Lid On Oil Production
OPEC+ will likely decide to keep oil production essentially steady for another month.
Oil Field
118,500 Oil & Gas Wells To Be Drilled Worldwide Through 2022
After a challenging 2020, the oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity.
Crude Oil
Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says
Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace
Oil & Gas Trade
India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand
Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.
Crude Oil
EIA: OPEC+ Cuts To Lift Oil Prices Through April
Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ g…
Oil Price
Oil Slides Toward $60 Ahead of OPEC+ Meeting to Boost Global Supply
Crude oil prices have weakened on Tuesday as OPEC and its allies are expected to decide how to proceed with the collective production cuts from April onwards.
SINOPEC
Sinopec Accelerates Hydrogen Energy Development to Build World-leading Clean Energy Chemical Company
As a secondary source of energy, hydrogen is playing an increasingly important role on the world energy stage.
OPEC
India Asks Refiners to Diversify, Cut Reliance on Middle East Oil After Opec+ Decision
India, hit hard by the soaring oil prices, has urged producers to ease output cuts and help the global economic recovery
Crude Oil
Libya Targets 1.45mn b/d Oil Output by Year-End
Libya aims to increase its oil output to 1.45mn b/d by the end of the year, a level not achieved since 2012.
Video: OPEC and Its Allies Extends Output Cuts Into April| Oil Price Surge
Global oil prices jumped higher after the organisation of the petroleum exporting nation's OPEC and its allies agreed to extend most oil output cuts into April.
Oil Price
Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …
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