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Crude Oil
OPEC Stays the Course on Output Hikes As Oil Prices Rebound
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stum…
Oil Exploration
Chinese Oil Major Sinopec Announces Oil, Gas Discovery
China’s state-owned oil and gas major Sinopec has struck oil and gas at a field in the northwestern province of Xinjiang, Reuters reports, adding that the rese…
Natural Gas
China's Sinopec Adds New Tanks at East China Gas Receiving Terminal
This would be 17 per cent more than its current annual capacity of 6 million tonnes
Crude Oil
Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%
Saudi Arabia could not ship more crude oil in the first half as it voluntarily restrained output under OPEC+ production-cut agreement; however, high oil prices …
Crude Oil
Opec+ Compliance at 109pc in July: Report
The Opec+ coalition achieved 109pc conformity with its crude production commitments in July, down from 112pc in June
Oil Price
Oil Price Slides Towards July Low as US Output Rises for Second Week
The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US p…
Crude Oil
Opec Lifts Oil Supply Forecast, Demand Unchanged
Opec has kept its global oil demand growth projections for 2021-22 unchanged but it has lifted its forecast for supply on the back of rising Opec+ quotas.
Crude Oil
Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production
Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo…
OPEC
Opec+ Adds Around 700,000 b/d in July
The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.
Hydrogen Project
Sinopec Supplied More Than 200 tons of Hydrogen to Shanghai
According to Sinopec, its subsidiary Shanghai Petroleum has supplied more than 200 tons of hydrogen to Shanghai with a daily hydrogen supply capacity of 2,000 k…
Crude Oil
Oil Prices Slide on Worries over China Economy and Higher Crude Output
Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT.
Energy Security
Over 90% of Sinopec Henan Gas Stations have Resumed Operations!
Since July 17, China's Henan Province has experienced the first extreme heavy rainfall in its history.
China
Sinopec's million-ton Ethylene Project is About to Put into Production
At present, Sinopec has a comprehensive crude oil processing capacity of 9.2 million tons/year in Hainan.
Natural Gas
China's Sinopec Aims to Grow Gas Output 60% by 2025
The company aims to produce 13 bcm of shale gas from the Sichuan basin by 2025, which would make up nearly 30% of its total gas output, Zhu said.
OPEC
Till World Shifts to Green Energy, Split Between Saudi and UAE Won't End
It is not geopolitical relationship that will cause the two countries to part, but diverging perceptions of energy transition.
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