The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 15thBeijing International Natural Gas Technology & Equipment Exhibition

ufi

BEIJING, China

March 26-28,2025

LOCATION:HOME> News> Industry News
Industry News
The following is the news list page
24 2020-08

China charters 19 tankers for record U.S. crude oil shipment

NEW YORK (Bloomberg) --U.S. oil exports to China are set to reach a record next month in a sign that Beijing is stepping up purchases to meet its commitments under a landmark trade deal reac.........

see more >>
18 2020-08

OPEC+ tries to balance market share gains with weak oil demand

LONDON (Bloomberg) - OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices. Whether they .........

see more >>
14 2020-08

Bleak air travel forecasts lead IEA to lower oil demand projections

LONDON (Bloomberg) --The International Energy Agency cut forecasts for global oil demand as air travel suffers from the coronavirus crisis even more than previously expected. The IEA reduced.........

see more >>
04 2020-08

Oil tests $40 as OPEC’s extra barrels loom on the horizon

SINGAPORE (Bloomberg) --Oil edged below $40 a barrel as OPEC+ producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus. .........

see more >>
03 2020-08

OPEC+ plans to pump more crude into a precarious global oil market

LONDON (Bloomberg) - From quiet skies over Europe to sparse traffic in Americas biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. That poses a .........

see more >>
20 2020-07

Ecopetrol revises 2020 capital plan upwards on signs of oil market recovery

BOGOTA - Ecopetrol S.A. reports that the Board of Directors approved a new organic investment plan for the Ecopetrol Group (GE) with an estimated amount between US $3 $3.4 billion by 2020. T.........

see more >>
15 2020-07

Oil prices stabilize as OPEC compliance eases U.S. demand fears

NEW YORK (Bloomberg) --Crude futures in New York rose in tandem with a broader recovery in equities markets, as initial signs that OPEC members intend to comply with promised oil-production .........

see more >>
05 2020-06

Oil price slide continues on OPEC+ strife, questionable demand data

SINGAPORE (Bloomberg) - Oil retreated from a three-month high as OPEC+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the .........

see more >>
03 2020-06

Shale’s reawakening begins as oil holds above $30

HOUSTON (Bloomberg) - Early signs of a shale rebound are becoming evident as crude prices emerge from their dramatic collapse earlier this year. EOG Resources Inc., Americas largest shale-fo.........

see more >>
01 2020-06

Saudis focus oil shipments on China during production cuts

LONDON (Bloomberg) --An early look at Saudi Arabias crude exports for May shows that historic production cuts have done little to squelch the kingdoms flood of oil to China, which is just ge.........

see more >>
28 2020-05

Ghana reconsiders oil’s role in its economy as prices fall

ACCRA (Bloomberg) - The global slump in crude prices is giving Ghana a chance to rethink its dependence on a sector that was its key driver of economic growth in recent years. Hit by the dou.........

see more >>
27 2020-05

Oil prices climb on prediction of swift demand rebalance

SINGAPORE (Bloomberg) - Oil rose above $34/bbl, following a prediction from Russia that the market may rebalance as early as next month due to historic output cuts from global producers. Rus.........

see more >>
26 2020-05

IEA chief says low oil prices will take demand beyond pre-crisis highs

LONDON (Bloomberg) --Global oil consumption hasnt peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-.........

see more >>
25 2020-05

Swift production declines may keep shale operators on oil rebound’s sidelines

HOUSTON (Bloomberg) --Oil prices have surged more than 75% in the U.S. this month. But dont expect a quick rebound in supply from shale explorers. The quick turnaround in oil markets is expo.........

see more >>
22 2020-05

Libyan oil uncertainty grows as crippling civil war drags on

CAIRO (Bloomberg) - The revival of Libyas oil industry looks even less certain following recent setbacks suffered by Khalifa Haftar, the commander trying to take over the last swaths of the .........

see more >>