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SINOPEC
Sinopec: First Company to Obtain Hydrogen Quality Inspection Qualification for Fuel Cell Vehicles
Sinopec has become the first unit to obtain CMA qualification.
Russian Federation
Oil Price of $40-43 per Barrel more or Less Balanced
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening …
China
Oil Down ith OPEC+ Signaling Production Cuts, While U.S.-China Tensions Rise
Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday.…
Kazakhstan
Kazakhstan to Fulfil its Obligations Under the OPEC+ Agreement
The ministry recalled that representatives of Kazakhstan told the OPEC+ secretariat that in the first 12 days of May there was an overproduction of oil in the c…
Crude Oil
OPEC Adjusts Oil Demand to 8.9 Million bpd for 2020
The Organization of the Petroleum Exporting Countries, yesterday, revised downward its world oil demand in 2020.
Crude Oil
Oil Rises Slightly Ahead of OPEC+ Meeting
Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June.
Oil Price
Oil Down as Opec+ Prepares to Lower Output Quotas
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus sur…
Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Oil & Gas Trade
BP-Sinopec Bunker Venture to Start Fuel Oil Deliveries to Fujairah
The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
China Energy
Sinopec's Tianjin Terminal Takes More LNG in 1H 2020
China's state-owned Sinopec received more LNG cargoes at its 6mn t/yr Tianjin LNG import terminal in northern China during the first six months of this year com…
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Crude Oil
UAE's Adnoc Rolls Over Crude Nomination Cuts in August
Abu Dhabi's state-owned Adnoc will continue to apply 5pc cuts to client nominations for August-loading volumes of the company's four main grades.
Oil Price
Oil Rally Held Back By High Inventories, Coronavirus Fears
U.S. benchmark West Texas Intermediate is over $40 a barrel, a price level it has struggled to surpass in the past.
Oil Price
Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.
Oil & Gas Trade
OPEC's Roadmap to Stabilization
What is OPEC's roadmap for moving towards stabilization?
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