Monday, February 10, 2025
Sinopec plans to spend $4.6 billion on hydrogen energy by 2025- oil and gas 360- oil and gas 360

Sinopec plans to spend $4.6 billion on hydrogen energy by 2025

Reuters BEIJING/SINGAPORE – China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen as part of becoming a carbon-neutral energy provider by 2050. Asia’s biggest oil refiner said on Monday it plans to become China’s largest company to produce hydrogen

Oil prices slip, gasoline jumps as Hurricane Ida disrupts infrastructure- oil and gas 360

Oil prices slip, gasoline jumps as Hurricane Ida disrupts infrastructure

World Oil (Bloomberg) –U.S. gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the OPEC+ producers’ cartel is expected on Wednesday to endorse a supply increase. Gasoline for October spiked more than 4% in New York before paring its advance, while West Texas