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Opec

OPEC, GECF Sign Research Agreement to Strengthen Cooperation
The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) has signed a memorandum of understanding (MoU) to stre…
Oil Price
Oil Snaps Six-Day Drop as Shrinking Supply Offsets Growth Fears
Oil snapped a six-day losing streak as a surprise drop in U.S. stockpiles and tumbling OPEC output helped to offset more evidence the global economy is weakenin…
Oil & Gas Trade
Sinopec to Start Producing Low-Sulphur Bunker Fuel at Qilu by End-Oct
Sinopec Corp expects to start operations at the marine fuel oil blending facilities at its Qilu refinery in eastern China’s Shandong province by the end of Oct…
Empresas COPEC
Empresas Copec operates in two large areas: natural resources and energy.
Oil & Gas Trade
U.S.to Challenge Saudi Arabia's Position As the World's Leading Oil Exporter
The International Energy Agency (IEA) expects the U.S. to challenge Saudi Arabia’s position as the world's leading oil exporter, after briefly overtaking the O…
Oil & Gas Trade
US Sanctions on Iran's Oil Industry have Slashed the OPEC Member's Crude Exports
While US sanctions on Iran’s oil industry have slashed the OPEC member’s crude exports by more than 80 percent, oil product sales from the Islamic Republic re…
Oil Price
US and China Provided Some Volatility to Crude Prices
Crude oil futures were higher during mid-morning trade in Asia Monday, finding support from OPEC's latest monthly oil market report while uncertainty on the ong…
Oil&Gas Drilling
OPEC Oil Production Dips on , Saudi Arabia, Nigeria, Others' Cuts
The Organisation of Petroleum Exportig Countries (OPEC’s) crude oil production fell by another 246,000 barrels per day (bpd) last month compared to June.
China Petrochemical Corporation (Sinopec Group)
China Petrochemical Corporation (Sinopec Group) is a super-large petroleum and petrochemical enterprise group, established by the state in July 1998 on the basi…
Oil & Gas Trade
Saudi Arabia is Looking to Raise the Capacity of its East-West Oil Pipeline to 7 Million Bpd
Saudi Arabia, the world’s top crude oil exporter and the largest oil producer in OPEC, is one of the few oil producers in the Middle East that have some altern…
Crude
The Extension of the OPEC+ Oil Production Cuts will Impact the Economies of Arab
The extension of the OPEC+ oil production cuts into 2020 will impact the economies of the key Arab oil producers, according to a quarterly Reuters poll of 30 ec…
Oil & Gas Trade
IEA Said “It Does Not Change the Fundamental Outlook of an Oversupplied Market”
The extension of the OPEC+ cuts through the first quarter of 2020 removes a major uncertainty, but the IEA said it “does not change the fundamental outlook of …
Oil & Gas Trade
Kuwait Joint Cooperation Protocol Signed to Protect Key OPEC Exporter’s Ports
Joint cooperation protocol signed to protect key OPEC exporter’s ports to ‘ensure full readiness for any potential emergency’.
Oil & Gas Trade
China's Sinopec Sets Up Fuel Oil Unit in Sri Lanka
China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along…
Shale Gas
OPEC has to Face New Challenges Related to Shale Oil
Has OPEC reached its limits or does it have more breath to continue functioning alone as an independent organization without the need for any outside help?

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