Oil Reserves

As global oil markets continue to evolve, attention turns to Namibia, a country poised to potentially become the newest member of the Organization of the Petroleum Exporting Countries (OPEC). The…

China is bolstering its energy security by stockpiling Russian ESPO blend crude oil, a move that also aids Russia in finding a market for its oil exports amidst challenges created by Western sanctions. CNOOC, a state-owned company and major importer of Russian oil, has been accumulating these reserves at a new storage facility in eastern China.