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Opec

Oil&Gas Drilling
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia’s oil producers have intensified drilling activities, reaching levels unseen in at least five years, preparing for potential increases in OPEC+ out…
China
Syensqo and Sinopec Collaborate on Advanced Materials and Specialty Chemicals
Syensqo, a global leader in advanced materials and specialty chemicals, and China Petroleum & Chemical Corporation (Sinopec) have entered into a Strategic Partn…
Crude Oil
SINOPEC Launches Training Program for Over 800 Ugandans
SINOPEC, a Chinese company tasked with constructing Uganda’s Central Processing Facility (CPF), launched a training program on Wednesday to enhance the sk…
Hydrogen Fuel Vehicle
China Launches First Cross-Region Hydrogen Heavy-Duty Truck Route
China Petrochemical Corporation, known as Sinopec Group, announced the launch of China’s first cross-regional hydrogen-powered heavy-duty truck route. Thi…
Oil Price
JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output
JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 202…
Oil Refinery
Sinopec, Aramco Sign Agreement for Yanbu Refinery Expansion in Saudi Arabia
China Petroleum & Chemical Corporation (Sinopec) and Saudi Arabian Oil Company (Aramco) have signed an agreement to expand the Yanbu Refinery in Saudi Arabia&rs…
Oil Price
Saudi Arabia Cuts Oil Prices to Asia to Four-Month Low
On Sunday, Saudi Arabia, a leading global oil exporter, reduced crude oil prices for Asian buyers for May deliveries, setting them at the lowest level in four m…
Oil Field
Oilfield With 100 Million Tons of Shale Oil Reserve Certified in E.china
The Shengli Oilfield, under China Petrochemical Corp (Sinopec Group), the country's largest oil refiner, said its Jiyang shale gas oilfield has officially p…
Crude Oil
Iraq’s Kurdistan Crude Output at 286,000 Bpd, Oil Minister Says
Iraq’s Kurdistan region is producing 286,000 barrels of crude oil per day, Iraqi oil minister Hayan Abdel-Ghani told state television on Sunday, citing se…
Oil&Gas Drilling
Algeria’s Sonatrach, China’s Sinopec Sign $850 Million Contract for Hydrocarbon Development, Exploratio
The logo of the state energy company Sonatrach is pictured at the headquarters in Algiers, Algeria November 20, 2019.On Tuesday, February 25, 2025, Algeria&rsqu…
OPEC
Brazil Joins OPEC+
Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country&rsq…
Geothermal Heating Project
Pertamina and Sinopec Form Strategic Partnership to Advance Geothermal Development
Signing of MoU between Pertamina Geothermal Energy and Sinopec StarPT Pertamina Geothermal Energy Tbk (PGEO) has partnered with Sinopec Star Co., Ltd. (Sinopec …
Oil & Gas Supply
OPEC+ Is Not Considering Delay to April Oil Supply Hike, Novak Says
Russia's Deputy Prime Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June…
Oil Refinery
OPEC Forsees Lower Dangote Refinery Petrol Price
The Organisation of the Petroleum Exporting Countries has expressed optimism that the Dangote Petroleum Refinery can lower petrol prices in Nigeria.This is even…
Oil&Gas Drilling
OPEC Reports Decline in Kazakhstan’s Oil Output for Jan. 2025
Kazakhstan’s crude oil production in January 2025 was estimated at 1.53 million barrels per day (mb/d), according to OPEC’s latest report, Trend rep…

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