Industry news

Saudi Arabia, Russia, and Algeria announced on July 3rd that they will further reduce their crude oil supply next month to maintain stability in the international crude oil market.

The high oil prices and supply security caused by global energy shortages have accelerated the world's transition to clean energy.

China Shipbuilding Group Wuchang Shipbuilding held a naming and delivery ceremony for the 24000DWT crude oil tanker "Changxiangzhou" built by China Merchants Nanyou

As Russia cuts ties with European markets, North African countries have stepped up and started buying its diesel and other refined products in a big way.

European oil and gas majors have doubled their planned spending on low-carbon energy in just two years, from 10% of their 2019 capex to 25% of their total current spending plans, Wood Mackenzie said on Thursday.