oil output articles & resources on Made-in-China.com

China to Lower The Prices of Both Gas and Diese

Apr 30, 2019

China will lower the retail prices of both gas and diesel by 85 yuan (12.3 U.S. dollars) per tonne from Wednesday due to falling international prices, according to the country's top economic planner. It will be the second oil price cut ...

Tags: gas, diesel

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

Oil Prices to Remain Low Well Into 2016

Dec 29, 2015

Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...

Tags: Oil Prices, Crude Oil

Total, Vitol, Trafigura Win Nigeria 2016 Crude Oil Term Contracts

Dec 18, 2015

France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...

Tags: Crude Oil, oil trading

Novak Says Russia Against Global Oil Output Rise, Rather Than Supporting Cut

Dec 15, 2015

Russia is against an increase in global crude production, rather than favouring a reduction, and remains pessimistic about the possibility of Moscow and Riyadh reaching a production coordination deal, Russia's energy minister Alexander ...

Tags: crude production, OPEC, oil prices

Iran Unveils New Oil Contracts as It Seeks International Investment

Dec 2, 2015

Iran unveiled its hotly anticipated new petroleum contracts to dozens of international oil companies in Tehran Saturday, and the first set of new tenders could be released by late January, a senior Iranian oil official said. The two-day ...

Tags: Oil, LNG, Iran Petroleum

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

Chinese Oil Companies Prompted to Reduce Output

Jan 11, 2015

Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...

Tags: crude prices, Crude Oil

Grib Diamond Is Arguably The Most Prospective of The New Generation of Diamond Mines

Nov 24, 2014

The Grib diamond mine in Russia, owned by the somewhat unlikely candidate of oil supplier Lukoil, is arguably the most prospective of the new generation of diamond mines. Therefore, its launch of commercial mining earlier this year and the ...

Tags: Grib Diamonds, Diamonds

US Posted a Second Consecutive Year of Record Oil Production Growth

Jun 23, 2014

The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...

Tags: oil production, oil supply

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

Argentine Oil Production Fell 0.4% in March Compared with The Year-Ago Period

May 28, 2014

Argentine oil production fell 0.4% in March compared with the year-ago period, while natural gas output rose 0.5% over the same period, an industry report showed Friday. Crude production declined to an average of 533,651 b/d in March from ...

Tags: oil production, Oil Output

OPEC Would Need to Boost Its Output in Q3 by Some 900,000 B/D to Meet Rising Demand

May 19, 2014

The International Energy Agency said Thursday OPEC would need to boost its output in the third quarter by some 900,000 b/d from April's level to meet rising global demand, and warned that OECD oil stocks remained tight by historical ...

Tags: OPEC, oil supply

The UK Could See Its First Increase in Offshore Oil Output and The Start of a Recovery

May 15, 2014

The UK could see its first increase in offshore oil output in over a decade this year and the start of a slight recovery, BP regional vice president for Europe, Peter Mather, said Tuesday. His comments were balanced by a longer-term ...

Tags: Oil Output, offshore oil output

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