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Natural Gas
Sinopec finds abundant flows in Xinjiang oil, gas wells
Recently, China Petrochemical Corp, or Sinopec Group, has discovered abundant flows of natural gas and crude oil at the Shunbei-42X well and the Shunbei-41X wel…
India
India Turns to OPEC Nations Saudi, UAE for Oxygen
He said state-owned Indian Oil Corporation and gas utility GAIL will be arranging for logistics to transport the oxygen
Natural Gas
China Gas Use to Rise 10pc in 2021: Sinopec, PetroChina
China's state-controlled energy firms are expecting domestic gas demand growth to accelerate this year, as the economy recovers and consumption of the fuel is b…
Oil Refinery
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as th…
Market Analysis
These Two Meetings Will Affect Oil And Gold Prices In May
Traders are closely watching two important events this week that are likely to set the tone for oil and gold prices next month.
Crude Oil
Mexico Complying with Opec+ Deal: Energy Minister
Mexico is "complying" with its commitment to Opec+ with crude production just below its target
Crude Oil
Nigeria’s President Restores Four Drilling Permits Revoked from China’s Addax
Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec.
Energy Investment
Egypt’s Kom Ombo Solar Plant Receives Funding
The European Bank for Reconstruction and Development, the OPEC Fund for International Development.
Crude Oil
OPEC+ Unlikely To Drastically Change Oil Pact Next Week
The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months.
Oil Price
Angola May Privatize State-Owned Oil Firm To Boost Production
OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing in…
Energy Transition
Clean Energy a Strategic Priority for the UAE, Energy Minister Says
The country plans to raise the share of renewables in its energy mix to 50% by 2050
Oil Price
US Oil Surges Above $64 on Anniversary of Sub-Zero Plunge
Prices have since added more than $100 per barrel, following production cuts by Opec+ as well as resumption of mobility
Oil Field
Iraq Awards China’s Sinopec Contract to Tap Natural Gas Resources
China’s state-run Sinopec energy company won a deal to develop a major gas field in eastern Iraq.
Electric Car
Sinopec Announced that It will Deploy 5,000 Smart Charging Stations
Sinopec, the largest domestic oil product sales company, announced in Beijing that it will build 5,000 smart charging stations by 2025
Electric Car
China's Sinopec, Nio to Build more EV Battery Stations
China's state-controlled oil and petrochemical firm Sinopec and new energy vehicle manufacturer Nio has signed a strategic cooperation agreement to build power …
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