Oil Giants Pledge Market Stability, Signal Production Increase

Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman Reaffirm Commitment to Market Stability and Plan to Increase Oil Production...

OPEC Daily Basket Price at $68.16 per Barrel as of Thursday, 1 May 2025

Vienna, Austria, 01 May 2025 – The price of the OPEC basket of twelve crude oils stood at $68.16 per barrel on Monday, down from $68.74 the previous...

U.S. Energy Leaders Seek to Calm Oil Industry Amid Ongoing Trade Disputes

During a recent energy summit in Oklahoma City, U.S. Energy Secretary Chris Wright reassured oil executives that the market instability caused by...

New Developments in AI That Oil and Gas Companies Should Know

Latest AI Developments Oil and Gas Companies Should Know Artificial Intelligence (AI) continues to reshape industries, and the oil and gas sector is...

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...