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

The 14thBeijing International Natural Gas Technology & Equipment Exhibition

ufi

BEIJING, China

March 25-27,2024

LOCATION:HOME> News> Industry News
Industry News
The following is the news list page
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 >>
21 2020-05

Alaskan and Canadian oil finds new Chinese buyers as their economy restarts

CALGARY (Bloomberg) - Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels. The Sofia beca.........

see more >>
19 2020-05

Oil highest since March as Chinese demand reaches 13 MMbpd

SINGAPORE (Bloomberg) - Oil rose to close at its highest in two months as demand in China returned to near pre-virus level and output curbs continued in the U.S. and elsewhere. Futures in Ne.........

see more >>
18 2020-05

U.S. shale’s quick response to falling oil prices is paying off

CALGARY (Bloomberg) --In brokering the end to the global oil-price war last month, the Trump administration assured leaders that Americas shale patch would throttle back production. But few .........

see more >>
15 2020-05

China paying a premium for select crudes illustrates demand’s return

(Bloomberg) --For a sneak peek at the return of Chinese oil demand, look no further than the rebound in price of the nations favorite grades. In the last few days a Chinese state-owned refin.........

see more >>