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OPEC+ Concludes 21st Ministerial Meeting; Increases Production by 400,000 bpd

On Monday, October 4, 2021, the 21st OPEC and non-OPEC Ministerial Meeting concluded via videoconference. In light of current oil market fundamentals and consensus on its outlook, OPEC and participating...
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Libya Woos US Companies to Increase its Oil Production

Libya is reportedly asking for US oil companies to return to the oil-rich country, according to Bloomberg. Libya's oil minister, Mohamed Aoun, stated that he hopes U.S. corporations will return...
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Qatar Petroleum Orders Four LNG Carriers for North Field Expansion

Hudong-Zhonghua Shipbuilding Group Co. Ltd. (Hudong), a wholly-owned subsidiary of China State Shipbuilding Corporation Limited (CSSC), has received an order for four new LNG carriers from Qatar Petroleum (QP). This...
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Chariot Signs MoU with Mauritania to Produce Cheapest Green Hydrogen in Africa

Chariot Oil and Gas and the Mauritanian Ministry of Petroleum, Mines and Energy have signed a Memorandum of Understanding (MoU) for the development of a green hydrogen project with a...
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OPEC Launches 2021 Edition of its Annual Statistical Bulletin (ASB)

The Organization of Petroleum Exporting Countries (OPEC) has launched its Annual Statistical Bulletin (ASB) for 2021. OPEC Secretary-General Mohammad Sanusi Barkindo, Professor Thomas Lindner of the Executive Academy at the...
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New Refinery to Be Built in Soyo, Angola, by 2024

The Quantem consortium, which includes TGT, Quantem, Aurum & Sharp in the United States and Atis-Nebest in Angola, will invest $3.5 million to establish the country's third-largest oil refinery in...
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Qatar Petroleum Signs Agreement to Supply China with LNG for 15 Years

Qatar Petroleum has agreed to supply 3.5 million tonnes per annum (MTPA) of LNG to CNOOC Gas and Power Trading & Marketing Limited, a subsidiary of China National Offshore Oil...
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OPEC Launches World Oil Outlook (WOO) 2021 in Vienna

OPEC's World Oil Outlook (WOO) for 2021 was released today in Vienna, Austria. The WOO's 15th edition includes an in-depth look at the OPEC Secretariat's continuous examination of the COVID-19...
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Oil Prices Reach Three-year High as Supply Tightens and Demand Rises

Oil prices rose further on Tuesday, with Brent, the global benchmark for more than half of all crude, reaching a three-year high as demand outstrips supply and stockpiles run low....
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President Kenyatta Invites Foreign Investors to Kenya’s Green Energy Sector

President Uhuru Kenyatta of Kenya urged international investors to tap into local green energy opportunities and help Kenya abandon harmful sources of electricity by 2030. He made this known, speaking...
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