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Oil Refinery
Sri Lanka, China Agree to Fast-Track Sinopec’s $3.7 Billion Refinery in Hambantota
Sri Lankan President Anura Kumara Dissanayake with Chinese President Xi JinpingSri Lanka's foreign minister said on Wednesday that the island nation has sig…
Oil&Gas Drilling
Libya Needs $3-4 Billion to Boost Oil Production, Bidding Round Expected Soon, Oil Minister Says
Libya's Acting Oil and Gas Minister Khalifa Abdulsadek and OPEC Secretary General Haitham Al Ghais shake hands during the Libya Energy & Economy Summit, in …
Crude Oil
In Key Breakthrough, Nuprc Data Confirms Nigeria’s 1.5 Million Bpd OPEC Oil Output
Emmanuel Addeh in Abuja Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Nigeria’s crude oil production reached 1.5 million ba…
Crude Oil
Sinopec’s Zhenhai Refinery Says Fire at Its Crude Unit Put Out
China's Sinopec Zhenhai refinery said a fire that broke out on one of its crude distillation units late on Tuesday had been put out, with no injuries reported.T…
Oil Price
Oil Prices up on Tighter OPEC Supply, US Jobs Data
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices rose on Wednesday as supplies from Russia and OPEC members tight…
Crude Oil
OPEC Oil Production Falls as UAE Leads Supply Cuts
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply…
Oil Price
Oil Prices Post 3% Annual Decline
Oil prices fell around 3 percent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's economy struggled, and …
Hydrogen Production
Sinopec Produces Green Hydrogen From Seawater at Qingdao Refinery
Chinese state-owned oil and gas firm Sinopec has completed a seawater hydrogen production research project at its Qingdao Refinery.Said to be the first project …
Oil & Gas Supply
OPEC+ Wary of Rise in US Oil Output Under Trump
Opec+ members are contemplating a renewed rise in US oil output when Donald Trump returns to the White House, delegates from the group said.More US oil would fu…
Crude Oil
US Sanctions Disrupt Iranian Crude Flows to China, Vortexa Says
Iranian crude exports to China have been disrupted by broader US sanctions on tankers, according to Vortexa Ltd., squeezing oil flows to the OPEC producer&rsquo…
Crude Oil
Nigeria Retains Top Spot as Africa’s Biggest Oil Producer
The Organisation of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria retained its position as the largest oil producer in Africa.OPEC, in its…
Crude Oil
OPEC Says Russia Made Small Cut to Oil Output in November
Russia's crude oil output in November edged down by 7,000 barrels per day (bpd) to about 8.99 million bpd, the Organization of the Petroleum Exporting Count…
Crude Oil
OPEC Daily Crude Output up 0.5% in Nov.
Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) increased by 0.5%, or by 104,000 barrels per day (bpd), in November to averag…
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 …
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