CNOOC has estimated that global oil prices will stay between $75 and $85 per barrel for the rest of the year.
Russia’s oil exports to India surpassed those going to China in July 2023, as Chinese refiners were hit by slowing internal demand.
Russia’s supplies of crude oil to China in July have fallen by 7.4% on the year, as slowing demand limits purchases by refiners.
Natural gas production in China has jumped by 6% in the first half of this year, thanks to state companies pushing up domestic output.
Crude oil from Saudi Arabia heading for China is likely to reach 44 million barrels in August, following price cuts from Saudi Aramco.
We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.
We are a niche consulting company providing services to the oil & gas, renewable energy, and decarbonization sectors.
