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Oil Price
OPEC Countries Unanimously Support Extension of Oil Output Cuts
The Petroleum Exporting Countries (OPEC) unanimously support an extension to the agreement on the reduction of oil output after March 2020 and continue to discu…
Crude
Russia Wants Condensate Removed from OPEC Deal
Russian energy minister Alexander Novak said Wednesday he wants new volumes of gas condensate to be excluded from Russia’s quota as part of its oil output pact…
Air Liquide and Sinopec Open Two Hydrogen Stations in China
Air Liquide and Sinopec have opened two new hydrogen stations in the Jiading district of Shanghai, China.
Oil&Gas Drilling
Russia’s Oil Output Still Exceeds OPEC+ Cap Even as Gap Narrows
Russia’s average daily oil production remained above its OPEC+ target in October, though the compliance gap is the narrowest since the Druzhba crude-contaminat…
Oil & Gas Trade
Oil Prices Fall As EIA Reports Large Crude Build
Analysts expected a build of 729,000 barrels for last week after a 1.7-million-barrel draw interrupted a string of five weekly inventory builds, which added mor…
Crude
Russia Said it’s too Early to Talk about Deeper Output Cuts
Oil held below $56 a barrel after Russia said it’s too early to talk about deeper output cuts, casting doubt on the ability of OPEC and its allies to balance s…
Oil&Gas Drilling
OPEC+ will Factor in Weak U.S. Output at December Meeting
Russia’s energy ministry said on Monday that OPEC and its oil-exporting allies would factor in the slowdown of U.S. oil output growth when they meet to discuss…
Oil & Gas Trade
Russia Affirms Close Oil Cooperation with Saudi Arabia, OPEC+
Russia's energy ministry said on Friday it continues close cooperation with Saudi Arabia and OPEC and non-OPEC oil producers to enhance market stability and pre…
Oil & Gas Trade
Russia: OPEC+ Deal Will Not Be Revised
OPEC and its Russia-led non-OPEC partners in the production cut pact are currently not discussing changing the terms of their agreement, Russian Energy Minister…
Oil & Gas Trade
Russia & Saudi Arabia Seal Major Deals & Sign OPEC+ Long-Term Cooperation Charter
Agreements include the charter for long-term cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel oil producers. Alon…
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…
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