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Drill, China, drill: State majors step on the gas after Xi calls for energy security
Offshore specialist CNOOC Ltd said last week it was confident of achieving its spending target this year, the highest since 2014 China’s state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016, focusing on adding natural gas reserves in a concerted drive to boost local supplies.
By : REUTERS ll Reporting by Chen Aizhu in Singapore and Meng Meng in Beijing ll Editing by Lincoln Feast | February 04, 2019
Oil Gains Slightly After Fed Sees Economy Growing At A 'Moderate Rate'
Oil prices strengthened slightly ahead of the settlement Wednesday as the Federal Reserve held interest rates steady and expressed confidence that a recent rise in inflation would be sustained.
By : Reuters l Jessica Resnick-Ault l Additional reporting by Henning Gloystein in Singapore l Editing by David Gregorio, Diane Craft and Cynthia Osterman | May 09, 2018
IEA Says 'Mission Accomplished' For OPEC As Oil Stocks Shrink
OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency said on Friday, signalling that the markets could become too tight if supply remains restrained.
By : Reuters l Reporting by Dmitry Zhdannikov l Editing by Dale Hudson | April 18, 2018
Former Dragon Aromatics To Restart China Petchem Plant After Halt
China's Fuhaichuang, formerly known as Dragon Aromatics, plans to restart its refining-petrochemical complex in eastern Fujian as early as June after halting operations for three years, four sources with knowledge of the matter said on Thursday.
By : Reuter l Reporting by Florence Tan in SINGAPORE and Chen Aizhu in BEIJING l Editing by Aaron Sheldrick | April 03, 2018