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China Sets Oil, Gas Supply Targets by 2020
Jan 20, 2017China 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 ...
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China's Crude Oil Output Sees Sharp Drop
Sep 20, 2016China'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
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Indonesia Invites Bids to Develop Three Onshore Shale Gas Blocks
Nov 4, 2015The 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
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Indonesia to Revise Down Subsidized Fuel Consumption and Crude Production
Jun 23, 2014The 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
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Canada's Total Crude Oil Output Is Expected to Reach 3.9 Million B/D in 2015
Apr 16, 2014Canada'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
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Sinopec Corp Posted Modest Gains in Its 2013 Upstream and Downstream Oil & Gas Production
Mar 27, 2014State-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
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Vietnam's Oil Product Imports in February Rose for a Third Consecutive Month
Mar 18, 2014Vietnam'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
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China's Crude Oil Output Amounted to 173.05 Million Tons in The First Ten Months
Dec 2, 2013China'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
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The Global Oil Market Is Currently Well Supplied
Nov 19, 2013The 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
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China's Crude Oil Output Reached 155.19 Million Tonnes in The First Three Quarters
Oct 29, 2013China'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 ...
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China's Crude-Oil Output Has Grown by an Average of 2.2% Annually Since 2002
Oct 11, 2013China'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
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World Oil Demand Will Rise by 1.1% This Year to 90.26 Million Barrels a Day
Oct 10, 2013World 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
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OPEC Declined 90,000 Barrels Per Day to 31.08 Million Barrels Per Day in November
Dec 21, 2012Trade 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
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Saudi Arabia Arrived in Vienna to Take Part in The 162nd Ordinary Meeting of The OPEC
Dec 21, 2012IRNA 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
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The UAE Produced 2.67 Million Barrels Per Day in October
Dec 13, 2012Latest 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 ...
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