The National Energy Administration (NEA) convened a significant meeting last Wednesday in Daqing City, Heilongjiang Province, focusing on the future of shale oil exploration and development in China. The event…
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Asian Oil Prices Decline Slightly but Remain Poised for Weekly Gains Amid Geopolitical Tensions
by Yukiby YukiAsian oil prices experienced a modest decline during the latest trading session, following a stronger overnight performance. Despite this slight pullback, oil remains on track for a weekly gain, supported…
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PetroChina’s Daqing Gulong Shale Oil Surpasses Annual Output Target Ahead of Schedule
by Yukiby YukiPetroChina Group’s Daqing Oilfield has announced a significant achievement in its shale oil operations, as the annual output from the Gulong continental shale oil project has officially surpassed one million…
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Putin Rejects US Criticism Over India’s Oil Purchases from Russia During State Visit
by Yukiby YukiRussian President Vladimir Putin has publicly rejected recent accusations from the United States concerning India’s continued oil purchases from Russia. The remarks were made in an interview with India Today,…
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Serbia’s primary oil company, NIS (Serbian Oil Industry), which is mainly owned by Russian interests, announced on Tuesday that its Pancevo refinery is suspending production. The decision comes as a…
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Escalating Tensions in Ukraine Drive Oil Prices Higher as Russia Intensifies Military Operations
by Yukiby YukiOil prices experienced notable volatility during recent trading sessions, influenced by escalating military actions in Ukraine and statements from Russian President Vladimir Putin. On Tuesday, West Texas Intermediate (WTI) crude…
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Oil prices saw a modest increase on Wednesday, bolstered by industry data indicating a decline in US crude inventories. According to the American Petroleum Institute (API), commercial crude stockpiles in…
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Mauritania has taken significant steps in clean energy development with the announcement of a 160 MW solar power plant, a 60 MW wind farm, and large-scale battery storage systems. These…
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Kazakhstan has announced bold plans to significantly expand its oil refining capacity over the next fifteen years. At a recent government meeting, Minister of Energy Yerlan Akkenzhenov outlined the country’s…
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Kuwait Week in Cairo Highlights Strategic Energy Collaboration Between Egypt and Kuwait
by Yukiby YukiThe 16th Kuwait Week in Cairo, held under the patronage of Egyptian Prime Minister Mostafa Madbouly, provided a prominent platform for Egyptian and Kuwaiti cooperation. Egypt’s Ministry of Petroleum and…