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China Sets Oil, Gas Supply Targets by 2020

Jan 20, 2017

China aims to increase domestic crude oil output to 200 million tonnes by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters, according to plans published Thursday. China will add 1 billion tonnes of proven ...

Tags: Oil, Gas

China's Crude Oil Output Sees Sharp Drop

Sep 20, 2016

China's crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of Statistics showed Monday. Imports, on ...

Tags: crude oil, oil prices

Indonesia Invites Bids to Develop Three Onshore Shale Gas Blocks

Nov 4, 2015

The Indonesian government has invited bids for three shale gas blocks -- Blora, onshore Central and East Java; Batu Ampar in East Kalimantan; and Central Bangkanai, onshore Central and East Kalimantan -- according to a statement on the ...

Tags: shale gas Blocks, Blora, natural gas

Indonesia to Revise Down Subsidized Fuel Consumption and Crude Production

Jun 23, 2014

The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...

Tags: fuel consumption, crude production

Canada's Total Crude Oil Output Is Expected to Reach 3.9 Million B/D in 2015

Apr 16, 2014

Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official ...

Tags: Oil Output, oil sands

Sinopec Corp Posted Modest Gains in Its 2013 Upstream and Downstream Oil & Gas Production

Mar 27, 2014

State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...

Tags: Sinopec, Oil, Gas Output, Chemicals

Vietnam's Oil Product Imports in February Rose for a Third Consecutive Month

Mar 18, 2014

Vietnam's oil product imports in February rose for a third consecutive month, on a year-on-year basis, following declines for most of last year, customs data released late Thursday showed. The country imported 602,827 mt of oil products ...

Tags: Oil Product, crude, gasoline

China's Crude Oil Output Amounted to 173.05 Million Tons in The First Ten Months

Dec 2, 2013

China's crude oil output amounted to 173.05 million tons in the first ten months, a year-on-year increase of 2.1 percent, according to data from the country's top economic planner. During the January-October period, China refined 366.51 ...

Tags: Crude Oil, Refined Oil

The Global Oil Market Is Currently Well Supplied

Nov 19, 2013

The global oil market is currently well supplied but growing demand pressures and ongoing disruptions in some OPEC producing countries could soon reverse a recent spate of softer oil prices, the International Energy Agency said Thursday. ...

Tags: Oil Prices, oil market

China's Crude Oil Output Reached 155.19 Million Tonnes in The First Three Quarters

Oct 29, 2013

China's crude oil output reached 155.19 million tonnes in the first three quarters, a year-on-year increase of 2.3 percent, according to data from the country's top economic planner. During the January-September period, China refined ...

Tags: Crude Oil, Chemicals

China's Crude-Oil Output Has Grown by an Average of 2.2% Annually Since 2002

Oct 11, 2013

China's primary offshore oil company on Tuesday invited foreign companies to bid on an unprecedented number of deep-water blocks off Chinese shores as the country attempts to firm up domestic oil output, which has grown slowly over the past ...

Tags: Domestic Oil Output, Crude-Oil

World Oil Demand Will Rise by 1.1% This Year to 90.26 Million Barrels a Day

Oct 10, 2013

World oil demand will rise by 1.1% this year to 90.26 million barrels a day, with gains coming from countries outside of the major industrialized nations, a U.S. government forecast said Tuesday. The Energy Information Administration said ...

Tags: Oil Demand, Oil Use

OPEC Declined 90,000 Barrels Per Day to 31.08 Million Barrels Per Day in November

Dec 21, 2012

Trade Arabia reported that crude oil output from the Organization of Petroleum Exporting Countries declined 90,000 barrels per day to 31.08 million barrels per day in November. This follows October production of 31.17 million barrels per ...

Tags: crude oil output, crude oil, oil export, oil

Saudi Arabia Arrived in Vienna to Take Part in The 162nd Ordinary Meeting of The OPEC

Dec 21, 2012

IRNA reported that Mr Rostam Qassemi oil minister of Saudi Arabia arrived in Vienna to take part in the 162nd ordinary meeting of the OPEC oil ministers due to be held on 12th 2012. It is the second meeting of the OPEC oil ministers in ...

Tags: OPEC meeting, oil, crude oil output, crude oil

The UAE Produced 2.67 Million Barrels Per Day in October

Dec 13, 2012

Latest data from the Paris based International Energy Agency showed that the UAE, on average, produced 2.67 million barrels per day in October 0.74% lower than its output in September. IEA said that in the Q1 of 2013, increased ...

Tags: IEA, project expansions, oil production capacity

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