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Opec's Search Results
Opec+ Ministerial Meeting Rescheduled to 3 December
The two-day delay would allow representatives to hold further discussions targeting a consensus on the agreement, according to one of the delegates.
OPEC Warns of ‘Immense Challenges’ as Talks on Oil Production Cuts Continue
OPEC warned on Monday that the “immense challenges” caused by the Covid-19 pandemic were likely to persist into 2021, as the group of oil producers continues …
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.
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…
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+’.
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 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…
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.
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.
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 …
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 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…