OPEC+ Ramps Up Oil Production: What It Means for Global Markets 🌍⛽
OPEC+ announces third oil production hike, aiming to reclaim market share amid falling prices. Analysts warn of pressure on global markets. 🌍⛽
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China’s Bozhong 26-6 Oilfield Kicks Off Production in Bohai Sea 🌊⚡
China’s CNOOC launches production at Bozhong 26-6, a billion-tonne oilfield in the Bohai Sea, set to boost energy output with innovative offshore tech. 🌍⚡
China’s Shenhai-1 Gas Field Reports Record Gas and Oil Production
China’s Shenhai-1 ultra-deepwater gas field, the nation’s first of its kind, has achieved record natural gas and oil outputs. Phase II upgrades are underway to boost production.