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On its way down? Where next for China’s crude storage?
After several years of strong growth, the Chinese government’s appetite to further expand its SPR storage capacity is cooling down. Furthermore, wh...
OPEC+ dilemmas ahead of its 26 November meeting
When OPEC+ meets on 26 November, it faces the dilemma of a market with weaker oil prices compared with the highs seen in October. Despite relativel...
OPEC+ solves the riddle of the oil market
After the OPEC+ 4 June announcement, Brent prices initially rose that evening. However, the increase was short lived due to persistent market conce...
OPEC's Nov 30 meeting: Letting go of market share strategy
The year long effort from OPEC to agree on production restraint has culminated in an agreement to cut its output by 1.2 million b/d effective 1 Jan...
PetroChina’s gas business profits from pipeline assets sale, but challenges remain
On 25 March, PetroChina released its full-year financial results for 2020. Its natural gas and pipeline business segment generated RMB72.4 billion ...
Piecing together the puzzle of global crude oil storage
Global crude storage influences crude market dynamics in different circumstances. As an example, during the Covid pandemic, crude stock levels were...
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