Opec

Oil Price
The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production
Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after…
Crude Oil
OPEC Is Betting Big On Robust Oil Demand Recovery
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil dem…
Oil & Gas Supply
OPEC Cuts Global Oil Demand Estimates Ahead of Production Decision
A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021, signaling a more negative view of the market just days before the group …
Oil & Gas Supply
U.S. Calls On Saudi Arabia To Ensure Supply Of Affordable Energy
The United States has called on Saudi Arabia to make sure there is “affordable energy” supply in the world, ahead of today’s OPEC+ meeting where the cartel w…
Crude Oil
OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts
Oil prices gave up earlier gains and turned lower as of 11:39 a.m.
Oil Price
Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply
The group will increase output by 250,000 bpd in May
Hydrogen Project
Sinopec Wants to Become China’s Number One Hydrogen Firm
Asia’s largest oil refiner Sinopec on Monday announced its plan to build 100 hydrogen refuelling stations this year as the company reaffirmed its aim to set …
Crude Oil
Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says
After steady oil price gains earlier this year, OPEC and its allies, known as OPEC+, had hoped to ease output cuts
SINOPEC
China's Sinopec Raises 2021 Capital Expenditure by 23.8%
Sinopec expects to spend 66.8 billion yuan on upstream exploration focusing on shale gas development in southwest China and construction of liquefied natural ga…
Oil Price
India and Saudi Arabia Spar Over Oil Prices
The decision by OPEC+, the Organization of the Petroleum Exporting Countries and its allies, at the start of this month to leave output unchanged despite a near…
Oil & Gas Trade
Sinopec Signs 10-Year Deal with Qatar Petroleum for 2 m tons of LNG
China Petrochemical Corp, or Sinopec Group, has signed a long-term purchase and sales agreement with Qatar Petroleum to buy 2 million tons of LNG from Qatar Pet…
OPEC
Video: OPEC | International Organizations | GA
Learn all about the OPEC (The Organization of the Petroleum Exporting Countries).
Crude Oil
OPEC+ Will Keep A Lid On Oil Production
OPEC+ will likely decide to keep oil production essentially steady for another month.
Oil Field
118,500 Oil & Gas Wells To Be Drilled Worldwide Through 2022
After a challenging 2020, the oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity.
Crude Oil
Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says
Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace

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Opec

The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production

OPEC Is Betting Big On Robust Oil Demand Recovery

OPEC Cuts Global Oil Demand Estimates Ahead of Production Decision

U.S. Calls On Saudi Arabia To Ensure Supply Of Affordable Energy

OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts

Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply

Sinopec Wants to Become China’s Number One Hydrogen Firm

Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says

China's Sinopec Raises 2021 Capital Expenditure by 23.8%

India and Saudi Arabia Spar Over Oil Prices

Sinopec Signs 10-Year Deal with Qatar Petroleum for 2 m tons of LNG

Video: OPEC | International Organizations | GA

OPEC+ Will Keep A Lid On Oil Production

118,500 Oil & Gas Wells To Be Drilled Worldwide Through 2022

Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says