Opec

Oil Price
US Agency Expects Oil Production to Grow in 2025 Despite Opec+ Decision
The US Energy Information Administration (EIA) expects global oil production to increase next year, with the bulk coming from countries outside the Opec+ group.…
Oil Price
Saudi Arabia Cuts Oil Prices
Saudi Arabia is cutting oil prices for buyers in Asia by more than expected after OPEC+ further delayed an output revival, underscoring how the outlook for the …
Oil Price
Global Oil Prices Drop to $71 as 4th Largest Production Company Cuts Prices for Asia
Global oil prices tracked by Brent futures have fallen to $71 per barrel, remaining below the $75 threshold after Saudi Arabia’s oil giant, Aramco, cut pr…
Oil Price
UAE to Gain From OPEC+ Decision on Oil Output
The UAE is expected to gain significantly from last week’s Opec+ decision, as the country’s 2025 target level is about 8% higher than its target lev…
Oil Price
OPEC+ Delays Revival of Its Oil Production by 3 Months
OPEC+ 将恢复石油生产的计划推迟了三个月，这是该组织在原油价格因供应过剩而苦苦挣扎之际第三次推迟这一举措。以沙特阿拉伯和俄罗斯为首的欧佩克推迟了一系列增产计划，原定于…
Oil Price
Oil Rises With Focus on China’s Economy, OPEC+ Supply Meeting
Oil rose along with Asian equities on signs of a slow recovery in China’s economy, as traders look to Thursday’s OPEC+ meeting for further direction…
Hydrogen Fuel Stations
Sinopec Launches Hong Kong’s First Public Hydrogen Fueling Station
Sinopec has inaugurated Hong Kong's first public hydrogen fueling station, the Aotou hydrogen station, in Yuen Long, marking a significant step in the regio…
Oil & Gas Trade
OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online
OPEC+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as …
China
Fostering A Sustainable Future, Sinopec Hosts Multilateral Event on Hydrogen Energy at COP29
BAKU, Azerbaijan-- China Petroleum & Chemical Corporation ("Sinopec", HKG: 0386) has successfully hosted a multilateral event themed Hydrogen Powering Climate A…
OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Global oil demand is projected to reach 120.1 million barrels per day (mb/d) by 2050, while energy demand will rise 24% during the same period, said the Organiz…
Saudi Arabia
Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay
Saudi Arabia lowered oil prices for buyers in Asia for December after members of the OPEC+ producers group said they will push back production increases by one …
Oil Price
Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out
Storage tanks at the BP Plc Cherry Point Refinery near Blaine, Washington, U.S., on Friday, Nov. 19, 2021. Total U.S. oil stockpiles, including commercial inven…
Electricity Trade
OPEC Fund Approves $25 Million Loan for Tajikistan’s Rogun Hydropower Plant
The OPEC Fund for International Development (OPEC Fund) has approved a $25 million loan to support the construction of the Rogun Hydropower Plant (HPP) in Tajik…
LNG
Sinopec Says East China Shale Oil Field Pumping at 1,600 Tons a Day
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British ColumbiaSinopec (600028…
Oil & Gas Trade
Big Oil Set to Bid in Algeria’s New Oil and Gas Licensing Round
Algeria is set to soon announce a new oil and gas licensing round in which major international firms, including ExxonMobil and Chevron, are expected to take par…

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Opec

US Agency Expects Oil Production to Grow in 2025 Despite Opec+ Decision

Saudi Arabia Cuts Oil Prices

Global Oil Prices Drop to $71 as 4th Largest Production Company Cuts Prices for Asia

UAE to Gain From OPEC+ Decision on Oil Output

OPEC+ Delays Revival of Its Oil Production by 3 Months

Oil Rises With Focus on China’s Economy, OPEC+ Supply Meeting

Sinopec Launches Hong Kong’s First Public Hydrogen Fueling Station

OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online

Fostering A Sustainable Future, Sinopec Hosts Multilateral Event on Hydrogen Energy at COP29

OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

Aramco Cuts Oil Prices to Asia for December After OPEC+ Delay

Oil steadied after a two-day decline on the prospect for a further easing of hostilities in the Middle East, with the market shifting its attention to global supply balances and OPEC+’s production out

OPEC Fund Approves $25 Million Loan for Tajikistan’s Rogun Hydropower Plant

Sinopec Says East China Shale Oil Field Pumping at 1,600 Tons a Day

Big Oil Set to Bid in Algeria’s New Oil and Gas Licensing Round