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Sinopec Receives Airworthiness Certificate for China's First Large-Scale Production of Bio-jet Fuel

Fuel Derived From Used Cooking Oil Underlines Sinopecs Long-term Strategy for Sustainable Development BEIJING, Sept. 23, 2022 Sinopec Zhenhai Refinery of China Petroleum Chemical Corporation (HKG: 0386, Sinopec) obtained a bio-jet fuel airw......【More】

2022-10-11

U.S. oil-output growth to exceed government forecast, Bloomberg analysis says

(Bloomberg) The U.S. is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis. The latest BNEF report estimates daily US oil output to increase by more than 900,000 barrels next year......【More】

2022-09-29

Biden calls on oil companies to reduce their prices

(Bloomberg) While U.S. gasoline prices have come down from the highs seen this summer, theyre clearly still weighing on President Joe Biden, who on Monday repeated demands for oil companies to charge less. Last month, the price of oil world......【More】

2022-09-28

Angola tops Nigeria as Africa’s biggest oil producer in August

(Bloomberg) Nigeria lost its crown as Africas largest crude producer as Angola surpassed the country for the first time in more than five years. Angolas average daily output in August of 1.17 million barrels was more than Nigerias at 1.13 m......【More】

2022-09-09

Texas oil and gas regulator adopts weatherization rules ahead of winter

(Bloomberg) Texass top oil and natural gas regulator adopted a new set of weatherization rules more than a year and a half after a deadly winter storm hit the state and left millions without power for days and left more than 200 people dead......【More】

2022-09-02

Sinopec Acquires Trillion Cubic Meters of Shale Gas Resources in Southwestern Sichuan, China

Xinchang, China, July 1, 2022 China Petroleum Chemical Corporations (HKG: 0386, Sinopec) has reported that it has achieved a daily production capacity of 530,000 cubic meters of shale gas on June 30 in its Xinye Well-1 in Qijiang, Chongqing......【More】

2022-08-30

Equatorial Guinea backs Saudi Arabian calls for a stable oil market

At a time when global oil markets are experiencing significant volatility, member countries of OPEC+ have the means to address these challenges, and Equatorial Guinea will continue to support efforts to improve market stability. In a recent......【More】

2022-08-25

Biden announces wind turbine plan for oil-rich Gulf of Mexico

(Bloomberg) President Joe Biden announced plans to advance offshore wind power in the Gulf of Mexico and in Atlantic waters near the Southeast U.S., part of a bid to prove hes confronting the climate crisis despite a congressional logjam on......【More】

2022-07-21

High oil prices pose high risk to economic recovery, IEA says

(Bloomberg) Oil prices pose a high risk to the global economic recovery, with signs that fuel costs are starting to take their toll on demand growth, the International Energy Agency said. The Paris-based adviser trimmed forecasts for oil co......【More】

2022-07-14

Iran says it can double oil exports if market needs more barrels

(Bloomberg) Iran has capacity to double oil exports if theres sufficient demand, a top official said, even as a deal on the countrys nuclear program that could pave the way for the lifting of sanctions remain elusive. Iran will exert maximu......【More】

2022-05-16