Opec

Crude Oil
Opec+ Compliance at 109pc in July: Report
The Opec+ coalition achieved 109pc conformity with its crude production commitments in July, down from 112pc in June
Oil Price
Oil Price Slides Towards July Low as US Output Rises for Second Week
The price of oil slips to a fresh weekly low despite a larger-than-expected decline in US inventories, with crude on the cusp of taking out the July low as US p…
Crude Oil
Opec Lifts Oil Supply Forecast, Demand Unchanged
Opec has kept its global oil demand growth projections for 2021-22 unchanged but it has lifted its forecast for supply on the back of rising Opec+ quotas.
Crude Oil
Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production
Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo…
OPEC
Opec+ Adds Around 700,000 b/d in July
The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.
Hydrogen Project
Sinopec Supplied More Than 200 tons of Hydrogen to Shanghai
According to Sinopec, its subsidiary Shanghai Petroleum has supplied more than 200 tons of hydrogen to Shanghai with a daily hydrogen supply capacity of 2,000 k…
Crude Oil
Oil Prices Slide on Worries over China Economy and Higher Crude Output
Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT.
Energy Security
Over 90% of Sinopec Henan Gas Stations have Resumed Operations!
Since July 17, China's Henan Province has experienced the first extreme heavy rainfall in its history.
China
Sinopec's million-ton Ethylene Project is About to Put into Production
At present, Sinopec has a comprehensive crude oil processing capacity of 9.2 million tons/year in Hainan.
Natural Gas
China's Sinopec Aims to Grow Gas Output 60% by 2025
The company aims to produce 13 bcm of shale gas from the Sichuan basin by 2025, which would make up nearly 30% of its total gas output, Zhu said.
OPEC
Till World Shifts to Green Energy, Split Between Saudi and UAE Won't End
It is not geopolitical relationship that will cause the two countries to part, but diverging perceptions of energy transition.
Crude Oil
VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production
Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production.
Oil & Gas Trade
Iraq to Sell Lebanon 1 mil mt/year of Heavy Fuel Oil in Barter Deal
Iraq has agreed to sell Lebanon 1 million mt/year of heavy fuel oil in return for "goods and services" in a barter deal that should help OPEC's second-biggest p…
Emissions Trading System
Sinopec Completes the First Bulk Agreement Transaction in China's Carbon Market
Sinopec successfully completed the first major agreement transaction in the national carbon market, buying 100,000 tons of national carbon market carbon allowan…
Crude Oil
Goldman Cuts Q3 Brent Forecast to $75 a Barrel
Oil prices fell $5 a barrel on Monday in response to fears over the hit to demand from rising Delta coronavirus infections and an OPEC+ agreement to boost outpu…

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Opec

Opec+ Compliance at 109pc in July: Report

Oil Price Slides Towards July Low as US Output Rises for Second Week

Opec Lifts Oil Supply Forecast, Demand Unchanged

Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production

Opec+ Adds Around 700,000 b/d in July

Sinopec Supplied More Than 200 tons of Hydrogen to Shanghai

Oil Prices Slide on Worries over China Economy and Higher Crude Output

Over 90% of Sinopec Henan Gas Stations have Resumed Operations!

Sinopec's million-ton Ethylene Project is About to Put into Production

China's Sinopec Aims to Grow Gas Output 60% by 2025

Till World Shifts to Green Energy, Split Between Saudi and UAE Won't End

VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production

Iraq to Sell Lebanon 1 mil mt/year of Heavy Fuel Oil in Barter Deal

Sinopec Completes the First Bulk Agreement Transaction in China's Carbon Market

Goldman Cuts Q3 Brent Forecast to $75 a Barrel