The Annual Petroleum & Chemical Automation Technology & Equipment and Instrumentation Event
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Beijing International Petroleum & Chemical Automation Technology & Equipment and Instrumentation Exhibition

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BEIJING,CHINA

March 25-27,2024

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Industry News
The following is the news list page
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.........

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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 .........

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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.........

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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.........

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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 .........

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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.........

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08 2020-05

Undercutting rivals helps Saudis grow share in key oil markets

DUBAI (Bloomberg) --The uneasy truce that settled over oil markets this month as some of the worlds largest producers began cutting output belies the raging competition among exporters seeki.........

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06 2020-05

Oil at $30 may be enough to revive shale activity, say drillers

HOUSTON (Bloomberg) --A pair of prominent shale producers said all they need is oil around $30 a barrel to consider bringing back curtailed crude output and fracing new wells. Diamondback En.........

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30 2020-04

Ample storage and a recovering China insulate Petrobras from the oil glut

RIO DE JANEIRO (Bloomberg) --Petrobras, Brazils state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage.........

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26 2020-04

Continental Resources declares force majeure on some oil deliveries

WASHINGTON (Bloomberg) --Shale explorer Continental Resources Inc. told at least one refiner it couldnt make an oil delivery after the global pandemic sent prices plunging, a move refiners c.........

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23 2020-04

Oil rout looks to break shale’s global oil dominance

HOUSTON (Bloomberg) --A historic crash in crude prices is driving U.S. shale into full-on retreat with operators halting new drilling and shutting in old wells, moves that could cut output b.........

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22 2020-04

Oil price collapse spreading as June WTI futures drop 24%, Brent falls

LONDON (Bloomberg) --The meltdown in oil markets widened, with huge losses spreading beyond contracts affected by technical anomalies as the world runs out of places to store unwanted crude..........

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24 2020-03

Oil slips as OPEC-Texas agreement looks less likely

SINGAPORE (Bloomberg) - Oil dropped toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to fade, while a U.S. coronavirus rescue pa.........

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16 2020-01

Chinese imports of U.S. oil to pick up following Trump’s trade deal

NEW YORK (Bloomberg) - American crude oil shipments to China are poised to pick up again after the two economic superpowers signed a landmark trade deal. Under the terms of the agreement, U..........

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15 2020-01

Canadian gas prices rise after new pipeline rules dampen volatility

CALGARY (Bloomberg) - Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Albe.........

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