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Low oil prices add to global economic woes: China Daily editorial
Apr.07,2020Nearly one month into the oil price war between Saudi Arabia and Russia, there is still no sign of an early resolution, which bodes ill for a world economy already battered by the novel coronavirus pandemic. An emergency meeting between the Organization of Petroleum E...
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China should use low oil prices to boost its strategic petroleum reserve
Apr.01,2020Crude oil benchmarks fell sharply on Monday, with the Brent Crude hitting its lowest point since November 2002 as the novel coronavirus pandemic intensified and the Saudi Arabia-Russia oil price war showed no signs of abating. Saudi Arabia said on Friday that it was n...
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China General Nuclear continues clean energy growth
Mar.31,2020China General Nuclear Power Corp, one of the country's largest nuclear power companies, has seen its total installed nuclear power capacity reach 27.14 million kilowatts and installed capacity under operation reaching 58.18 million kilowatts as of 2019. Total assets by ...
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CNPC to increase output of oil and gas
Jan.22,2020China National Petroleum Corp, the State-owned energy giant, is planning to ramp up oil and gas output to more than 200 million metric tons of oil equivalent this year, while looking to raise the share of natural gas output to a record high of 50 percent.The company ann...
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Saudi Arabia and Kuwait agree to resume Neutral Zone oil production
Dec.31,2019Saudi Arabia and Kuwait reached an agreement to resume oil production from two jointly-run fields in the Neutral Zone, which could bring 320,000 bpd online in a year. The agreement was signed in Kuwait City by HRH Prince Abdulaziz Bin Salman, Saudi Minister of Energy ...
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