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Oil & Gas Trade
Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts
Saudi Aramco's Ras Tanura oil refinery and oil terminal. Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait and Algeria have agreed to voluntary oil producti…
United States
Why America’s ‘energy dominance’ waned in the Middle East
Dynamics changed with 2003 Iraq war, boosted US shale production and increased role of Opec and ChinaThe Nihran Bin Omar oil field flare stacks burn north of Ba…
Carbon Neutral
Sinopec Calls for More CCUS Projects in China
The company said this could significantly reduce emissions.China Petroleum and Chemical Corporation (Sinopec) President Ma Yongsheng urged the inclusion of carb…
Rooftop PV System
NIGER: Ofid Lends $25 Million for Solar Photovoltaic Electrification
The Opec Fund for International Development (OFID) has signed a $25 million loan agreement with the government of Niger. The funding will support the implementa…
SINOPEC
Sinopec Begins $1.56BN Upgrade at Northern China Refinery
China's Sinopec said it has started building a project worth 10.8 billion yuan ($1.56 billion) in a northern subsidiary refinery aimed at manufacturing more…
Hydrogen Fuel Cell
China’s First Integrated Methanol-To-Hydrogen and Hydrogen Refueling Service Station Now in Operation
China Petroleum & Chemical Corporation (Sinopec) officially launched China’s first methanol-to-hydrogen and hydrogen refueling service station in Dalian, …
Oil & Gas Supply
OPEC Expects Tighter Oil Market With Lower Supply and Higher Demand
(Bloomberg) – OPEC expects a slightly tighter global oil market than previously forecast as the group nudged up its demand estimate and trimmed its supply…
Crude Oil
OPEC+ Agrees to Stick to Oil Output Targets Amid Improving China Outlook
Opec's headquarters in Vienna. APThe Opec+ alliance of 23 oil-producing countries has agreed to roll over its existing oil output cuts as the fuel demand ou…
United States
Chevron Venezuela Output up by 40,000 B/D
Chevron said its crude output in Venezuela has risen by about 40,000 b/d to reach 90,000 b/d since US sanctions were eased against the country late last year, w…
Oil & Gas Trade
OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China
Opec says it is holding to its forecast demand for crude this year despite forces arraying against it. ReutersOpec stuck to its global oil demand forecast for t…
Hydrogen Production
Hydrogen at Centre of China’s Plans to Win Bigger Share of Green Energy Market
A view of the hydrogen production unit at a SinoPec refinery in Qingdao, eastern China. Feature China / Barcroft Media / Getty ImagesA decade ago, China used lo…
Oil Price
Oil Prices Fall on Us Crude Build-up and Recession Fears
The New York Stock Exchange. An Oanda analyst says energy traders believe Opec+ will do whatever is needed to support prices. ReutersOil prices dropped on Wedne…
OPEC
Again, Oil Production Falls Short of OPEC Quota by 0.57MBPD
Nigeria’s oil production in the month of December 2022 grew by 4.2 per cent month-on-month to 1.23 million barrels per day but remained significantly shor…
Oil Price
Saudi’s Won’t Let Oil Stay at $75: Pioneer CEO
OPEC is likely to cut oil production again, Pioneer Natural Resources CEO said at a Goldman Sachs Conference in Miami on Thursday.Source: World OilSaudi is not …
Natural Gas
U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden
Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve t…
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