Minister of Petroleum and Mineral Resources Tarek El Molla, accompanied by the Governor of Suez Abdel Majid Saqr and leaders of the petroleum sector, witnessed the delivery of the first Egyptian-made oil rig.
Saudi Aramco and its joint venture partners Panjin Xincheng Industrial Group and NORINCO Group plan to start constructing a major integrated refinery and petrochemical complex that will be located in northeast Chi ...
OPEC forecasted that China's COVID-19 restrictions would be relaxed this year, which will boost global growth. The organization also sounded optimistic about the prospects for the global economy in 2023, Reuters r ...
China's oil imports from Russia increased by 22% in September compared to the same month last year, but they lagged Saudi Arabia somewhat as independent refiners increased their purchases of cheaper Russian fuel i ...
According to a statement from Moscow, Nord Stream 2 will be "replaced" by a different gas pipeline to China.
China bought discounted coal while Western nations avoided Russian cargoes due to Russia's invasion of Ukraine, causing China's coal imports from Russia to increase by 14% in July from a year earlier to their high ...
Reuters reported on Tuesday that China has issued 4.5 million tonnes of export quotas for refined fuel, an increase to the first issue for 2022 in order to ease domestic inventories after the COVID-19 lockdown hit ...
In comparison to the same month last year earlier, China's crude oil imports rose nearly 7%, the first increase in three months, although sluggish fuel demand due to COVID-19 lockdowns dampened refinery throughput ...
The oil giant's stock started trade at 20% more than its offering price. However, the Shanghai Stock Exchange started a 30-minute trading suspension almost immediately when the stock price hit the daily allowable ...
China imported around 13% less crude oil from Saudi Arabia in March 2022, compared to a year earlier, while its imports from Russia dropped by 14%.
