OPEC Basket Price Hits $69.94 per Barrel on April 25, 2025

Vienna, Austria – April 25, 2025:The price of the OPEC basket of twelve crude oils rose to $69.94 per barrel on Tuesday, April 24, 2025, according to...

11th IEA-IEF-OPEC Energy Market Workshop

IEA, IEF, and OPEC Convene for 11th Joint Workshop on Energy Market Interactions The 11th Joint IEA-IEF-OPEC Workshop on the Interactions between...

Iran announces new incentive package to boost investment in oil and gas sectors.

Iran has introduced a comprehensive 10-point incentive package designed to attract greater investment in its upstream oil and gas sector, according to...

Tree Planting Drive for Carbon Neutrality Raises RMB 50 Million

The public welfare campaign Planting Trees for Carbon Neutrality, launched by CNPC, has raised over RMB 50 million and engaged more than 1.65 million...

CNPC Showcases CRG Innovation Milestones at CERAWeek 2025

The 43rd edition of CERAWeek 2025 was held in Houston, Texas, under the theme “Moving Ahead: Energy Strategies for a Complex World.” The...

Chinese Oil Firm Enhances Education Infrastructure in South Sudan

On Tuesday, China National Petroleum Corporation (CNPC) officially handed over a fully renovated Chinese Friendship Secondary School to the Central...

CNPC Secures Top Innovation Award at CIPPE 2025

On March 26, the 25th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE 2025) kicked off in Beijing. CNPC...

The OPEC daily basket price was recorded at $67.65 per barrel on Thursday, April 17, 2025.

Vienna, Austria, 17 April 2025 — The price of the OPEC basket of twelve crudes stood at $67.65 per barrel on Tuesday, up from $66.53 the previous day...

The OPEC Secretariat has received revised compensation plans from Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, and Oman.

16 April 2025 – As agreed during the virtual meeting held by the eight countries with additional voluntary adjustments, including Saudi Arabia...