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Arab Oil Producers Say OPEC+ Should Stick to Current Output Agreement
OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday…
GECF participates in 12th IEA-IEF-OPEC Symposium on Energy Outlooks
With the world deeply mired in an uncertain environment, lack of investment in gas will add to the range of uncertainty surrounding the energy transition, said …
Opec+ Supply Shortfall Could Push Oil Prices Higher, IEA Says
An oil supply shortfall from Opec+ group of countries may lead to a tighter market and push prices higher, according to the International Energy Agency.
China: Sinopec Completes Carbon Capture Project
Sinopec has completed the construction of China's first megaton carbon capture, utilization and storage (CCUS) project.
Oil & Gas Supply
Opec+ Agrees 400,000 b/d Hike for March
Opec+ ministers have agreed to press ahead with another 400,000 b/d increase in the group's crude output quota next month.
OPEC+ Set To Continue With 400,000 Bpd Production Increase
The OPEC+ group is expected to decide next week whether it should continue unwinding the oil production cuts by another 400,000 barrels per day in March
OPEC’s Shrinking Capacity Could Send Oil Above $100
The oil market is quickly realizing that many OPEC producers may not have the capacity to boost output much further.
Russia’s Oil Output Could Peak In 2023
There are growing doubts as to whether Russia can grow petroleum production to the volumes forecast by Moscow.
Opec+ Quota Gap Widens
Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace.
OPEC Targeting Oil Prices Below $100, Oman’s Oil Minister Says
OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,…
Saudi Arabia Cuts Oil Prices For Asia In February
Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid th…
The Hydrogen Stream: JinkoSolar to Develop Solar-to-Hydrogen Plants
China-based JinkoSolar, currently the world's largest solar panel manufacturer, has signed a strategic cooperation agreement with China’s petroleum giant Sinop…
APA, Sinopec to Recover $900MM of “Backlogged Costs” in Egyptian Project
APA Corp. and its Chinese partner in an Egyptian oil project will recover almost $900 million in prior investments under a new drilling contract with the North …
China, Russia forge Close Ties in Energy Cooperation Under BRI: Sinopec Report
China’s oil giant Sinopec on Tuesday released a report about the company’s participation and growth in Russia which deepens ties with China on energy cooperat…
Solar Power Plant
China, Russia Forge Close Ties in Energy Cooperation Under BRI: Sinopec Report
Paniolo Power Company, a subsidiary of Parker Ranch, and Innergex Renewable Energy are developing a 30-MW solar project on the main island of Hawaii.