The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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The 13th Beijing International Natural Gas Technology & Equipment Exhibition

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BEIJING, China

May 31-June 2, 2023

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Industry News
The following is the news list page
09 2021-08

Natural gas prices surge as energy transition-driven demand outstrips supply

MOSCOW (Bloomberg) --The era of cheap natural gas is over, giving way to an age of far more costly energy that will create ripple effects across the global economy. Natural gas, used to gene.........

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04 2021-08

Iran’s oil output growth looks less likely following tanker attack

(Bloomberg) --Irans oil comeback, already taking longer than many traders expected, will be further complicated by last weeks deadly drone attack on a tanker in the Gulf of Oman, which the U.........

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03 2021-08

Oil prices fall on declining Chinese factory output

(Bloomberg) --Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown. Futures in New York declined as much a.........

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21 2021-07

U.S. crude oil exports reached record levels in 2020, remain high in 2021

WASHINGTON - Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020. So far this year (as of July 9, 2021), U.S. crude oil exports have averaged 3.00 .........

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19 2021-07

OPEC agrees to boost oil output in August on Saudi-UAE compromise

(Bloomberg) - OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates. The unusually public disp.........

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16 2021-07

Another day of falling oil prices as U.S. gasoline inventory grows

(Bloomberg) --Oil fell for a second day after a surprise jump in U.S. gasoline stockpiles tempered signs that the American market has returned to robust health. Futures in New York slid near.........

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19 2021-04

Guyana Estimates Future Oil Production At 1 Million Bpd

Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in country, according to natural .........

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25 2021-02

Oil prices reach one-year high as global crude supplies shrink

(Bloomberg) --Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand. Futures in New York climb.........

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22 2021-02

Higher oil revenue gives Putin room to challenge Russian discontent

(Bloomberg) --Rising oil prices and a weak ruble could provide the Kremlin with as much as $33 billion in extra cash for social spending this year, giving Vladimir Putin the financial wherew.........

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02 2021-02

Oil surges on signs of a tight global crude market

(Bloomberg) --Oil surged by the most intraday in three weeks, lifted by broader market strength and optimism over demand recovering this year. Futures climbed as much as 2.4% in New York on .........

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27 2021-01

More oil and gas companies leaning into renewable energy tech

OSLO - New research published by DNV GL finds that the oil and gas industry expects to boost investment in the energy systems of the future this year, as companies seek to transform for the .........

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25 2021-01

Biden’s fiscal and climate priorities may support oil prices, says Goldman Sachs

(Bloomberg) --Initial steps taken by U.S. President Joe Bidens administration may help support the oil market this year and next, according to Goldman Sachs Group Inc. A focus on fiscal spen.........

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12 2021-01

Asian oil refiners target European crude as Saudi output falls

(Bloomberg) --Asias oil refineries have been rushing to buy up crude cargoes from Europe after Saudi Arabias surprise decision to unilaterally cut output in February and March. Unipec, the t.........

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29 2020-12

Oil price rally fades as OPEC’s plans overshadow U.S. stimulus

(Bloomberg) --A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from O.........

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22 2020-12

Oil prices dive as mutating virus chokes international travel

(Bloomberg) --Oil plummeted the most in seven weeks, with investors fleeing the market as a mutation of Covid-19 discovered in the U.K. threatened more lockdowns across Europe. Brent futures.........

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