OPEC released its latest monthly crude oil market report on March 20,2024, it shows that oil demand will grow by 2.25 million barrels per day in2024. Driven by the recovery of China and the global economy, global oildemand will continue to "grow strongly" by 1.85 million barrels per day in2025, continuing until the end of 2025.The world economic growthmomentum is insufficient and international oil prices have fallen in 2013.However, major international oil companies have appropriately adjustedthe pace of energy transformation, strengthened upstream oil and gas,paid equal attention to carbon reduction and profitability, coordinated thedevelopment of traditional oil and gas business and new energy business,and adjusted strategic goals and development paths, along with attachingequal importance to carbon reduction and profitability, restrengtheningupstream business, aiming to establish a safe, clean and affordableglobal energy system, orderly developing traditional oil and gas businessand new energy business, and achieving strong performance.

In China, the "2023 Oil and Gas Industry Development Report"releasedon February 28, 2024 showed that China's economic recovery continuesto support the growth of oil demand. China's demand is expected to reach400 million tons in 2024, a year-on-year increase of 0.3%, reaching apeak before 2025. In the context of carbon neutrality,upstream oil andgas companies are committed to adjusting the energy structure and beingcomprehensive energy suppliers. Currently, China is accelerating theconstruction of a safe, efficient, clean, low-carbon, smart and diverse newenergy system that complements the advantages of traditional energyand new energy and integrates development.

The 14th conference and Exhibition - China Sourcing Summit OnPetroleum & Chemical Equipment (CSSOPE 2024) will be held inShanghai China on June 20-21,2024. In response to the urgent needsof owners, equipment suppliers, and service providers, csSOPE 2024will focus on the theme of "Repair Global Supply Chains and PromoteSustainable Development. Con-current with the CSSOPE exhibition,the two-day CSSOPE summit will focus on discussing on the projectsand equipment procurement needs of traditional oil and gas industryand new energy industry, focusing on the latest policies, industrytrends, project information,market dynamics, and procurement needs.

About CSSOPE

The Conference and Exhibition - China Sourcing Summit On Petroleum & Chemical Equipment (CSSOPE) is the first event that has attracted more than 10000 procurement managers from the industry giants to participate in China and from overseas in the last 12 years. Join the best in class industry event for procurement in petroleum and chemical, and new energy sector to meet excellent sourcing executives, procurement managers, buyers, traders, EPC contractors from the top-500 international companies. Today’s EPC projects are becoming more complex and more implemented on a much larger scale with large contract values. Companies need to have a clear strategy on how to manage and work with suppliers. CSSOPE 2023 will provide extensive knowledge on procurement and to delivery with practical case studies and PM training to procurement managers. The conference offers a strategic opportunity for operators, contractors to have round table discussion to develop an effective contractual form for a successful scope of work and aligning expectation between all the parties. CSSOPE adheres to the boutique exhibition mode and invites high-quality suppliers to improve your purchase efficiency and reduce the sourcing cost.

CSSOPE 2024 at a Glance:

Nearly 1000 delegates will get together in physical and virtual ways from world-renownedoil and gas companies，engineering contractors, service providers,traders，shippingcompanies and logistics enterprises, suppliers and manufacturers, insurance and financialinstitutions from 40 countries and regions. The event will discuss the sustainabledevelopment of procurement and supply chain in several industries such asthe oil and gas,refining, petrochemical, marine engineering, new energy, new materials etc.