Runcheng International Energy

China's largest crude oil production base reaches sea for the first time

On April 13, learns from cnooc tianjin branch, in cnooc tianjin branch and hebei north power trading center green electricity procurement deal, by the end of the first quarter of 2022, the bohai sea oil field qinhuangdao 32-6 oil fields and

2022-04-14

The International Energy Agency will release more than 100 million barrels of oil from its reserves a

The International Energy Agency (IEA) said Thursday that its member countries plan to release 120 million barrels of crude oil from their reserves to deal with a supply gap and ease a surge in oil prices triggered by the conflict between Ru

2022-03-23

Opec cut its forecast for global oil demand and economic growth

With the outbreak of the Russia-Ukraine conflict, a series of chain reactions intensified the downward pressure on the global economy. Forecasts for global oil demand and global economic growth have been lowered this year, according to the

2022-02-11

Oil market volatility will continue

Recently, the situation between Russia and Ukraine is once again stuck in a stalemate, the US, Europe and Russia energy sanctions mutual containment measures or frequent, oil market volatility may be inevitable. Sophie Lund-Yates, an analys

2022-01-15

Oil giants reserves ＂exhausted in the next ten years＂?

Recently, Citibank released a report stating that by the end of 2020, the average reserve life of the worlds largest international oil companies (including Exxon Mobil, Chevron, ConocoPhillips and major European oil companies) is 9.5 years,

2021-10-13

＂Energy Chain, Friends of Energy＂ Energy Chain Roundtable Conference Held

On April 16, the domestic energy Internet of Things EIoT and the new energy retail platform Energy Chain held a round table conference entitled Energy Chain, Friends of Energy to discuss the transformation path of traditional private petrol

2021-10-13

Sinopec turned losses! Profit in the first quarter was 18.543 billion yuan!

On April 28, China Petroleum Chemical Corporation (hereinafter referred to as Sinopec) released its 2021 first quarter performance report. In accordance with International Financial Reporting Standards, Sinopecs net profit attributable to s

2021-10-13

The International Energy Agency believes that fossil energy investment should be stopped this year

If the investment in fossil energy cannot be stopped this year, the world will face the risk of rising temperatures. Such a bold forecast comes from the National Energy Agency (IEA). Ironically, this institution was born more than 40 years

2021-10-13

Traditional oil companies are under increasing pressure to reduce carbon

The industry has expressed that as the pressure from society and investors continues to increase, will the pace of climate action by traditional oil and gas giants be forced to accelerate? The courts heavy hammer calls for more efforts to r

2021-10-13