Page 47 - Sinopec News Today

ALBAWABA – Almost all major crude and gas companies are developing new fields that the IEA consider unnecessary, even as oil prices fluctuate

Global oil refiners will suffer a soft patch next year as new capacity in Mexico, Africa and the Middle East boosts fuel supply, according to Vitol Group...

First Quarter of Fiscal Year 2024 Financial Highlights Total revenues were $199.9 million, an increase of 17.6% compared to the comparable prior year period.Gross margin was 34.6%, compared to 31.1%...

First Quarter of Fiscal Year 2024 Financial Highlights Total revenues were $199.9 million, an increase of 17.6% compared to the comparable prior year period....

This year’s revival in Chinese gas consumption will extend into the upcoming winter that is tracking to be warmer than usual, but stronger pipeline flows from Russia and Central Asia will check seasonal LNG import growth. [Gas in Transition, Volume 3, Issue 10]

Kevin O'Leary advocates for banning Chinese companies from U.S. stock markets until they comply with the same rules as domestic firms, citing concerns over litigation and accounting transparency.

Chinese energy giant CNOOC has started production from the first development phase of its Bozhong 19-6 offshore condensate gas field.

Oil production and demand are both on the rise, according to the IEA, marking a contrast from the organizations "peak oil" proclamation in October.

Indonesian oil and gas giant Pertamina partnered with Chinas energy company, Sinopec, to accelerate their efforts in energy transition.

Iran Oil Export: China, the worlds largest crude importer and Irans top customer, bought an average 1.05 million barrels per day (bpd) of Iranian oil in the first 10 months of 2023, according to shiptracking data from Vortexa. This is 60% above pre-sanction peaks recorded by Chinese customs in 2017.