Opec

OPEC
Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut
Oil prices jumped about 4% to a five-week high on Friday, lifted again by an OPEC+ decision this week to make its largest supply cut since 2020 despite concern …
OPEC
Opec+ to Hold In-Person Meeting Next Week in Vienna
This will be the first in-person ministerial meeting since March 2020, the group says
Natural Gas
OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting
Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.
Oil Price
Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff
Oil steadied in early Asian trade on Tuesday as indications that producer alliance OPEC+ sought to avoid a collapse in prices, along with a slight softening in …
OPEC
OPEC Upbeat on Global Economic Growth
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expec…
Crude Oil
South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar…
CCS
China’s Sinopec Starts First Carbon Capture, Storage Facility, Plans Another Two by 2025
China's Sinopec Corp said on Monday it has put into operation the country's largest carbon capture, utilisation and storage (CCUS) facility in east China, and p…
Crude Oil
Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth
UAE, Oman back Saudi view on possible output cut
Crude Oil
Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening
Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of returning Iranian crude and …
Oil Price
Oil Prices Rise After Saudi Says OPEC Could Cut Output
Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.
Coal Price
India Buys Discounted Venezuelan Petcoke to Replace Coal
Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation…
Oil Exploration
China Heralds Another Major Oil Discovery
China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves…
OPEC
Iraq’s July Oil Output Rises by Around 70,000 Bpd, Somo Data Show
Iraq pumped 4.584 million barrels per day (bpd) of oil in July, up by 69,000 bpd from June, data from state-owned marketer SOMO seen by Reuters showed on Wednes…
Crude Oil
EIA Lowers U.S. Oil Production Forecast
The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report.
SINOPEC
Saudi Aramco Signs Deal With China’s Sinopec to Boost Collaboration in New Projects
The two companies will look for opportunities in the kingdom's oil and gas sector.

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Opec

Oil Jumps 4% to 5-Week High Lifted by OPEC+ Output Cut

Opec+ to Hold In-Person Meeting Next Week in Vienna

OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting

Oil Prices Steady on Prospect of Balancing Supply After Steep Selloff

OPEC Upbeat on Global Economic Growth

South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output

China’s Sinopec Starts First Carbon Capture, Storage Facility, Plans Another Two by 2025

Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth

Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening

Oil Prices Rise After Saudi Says OPEC Could Cut Output

India Buys Discounted Venezuelan Petcoke to Replace Coal

China Heralds Another Major Oil Discovery

Iraq’s July Oil Output Rises by Around 70,000 Bpd, Somo Data Show

EIA Lowers U.S. Oil Production Forecast

Saudi Aramco Signs Deal With China’s Sinopec to Boost Collaboration in New Projects