The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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The 25thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

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BEIJING, China

March 26-28,2025

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Industry News
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07 2018-06

Repsol shows faith in oil's rally with dividend, spending boost

MADRID (Bloomberg) --Repsol SA, Spains largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50/bbl. The scrip dividen.........

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06 2018-06

Goldman says U.S. oil request won't stop stockpiles dwindling

LONDON (Bloomberg) --The outlook for oil is still bullish even if OPEC accedes to U.S. pressure to boost supply, Goldman Sachs Group Inc.s top commodities analyst said. The U.S. government h.........

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05 2018-06

Shell says Nigeria attacks persist even as oil output recovers

ABUJA (Bloomberg) --Nigerias oil wells may be flowing again, but the countrys largest operator says attacks continue to put a brake on output. Security in parts of the Niger delta remains a .........

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30 2018-05

Oil slips after Saudi-Russian revival talk "popped the bubble"

NEW YORK (Bloomberg) --Crude fell for a fifth straight day as the market weighs the prospects of rising production from Saudi Arabia and Russia. Futures fell 1.7% in New York to their lowest.........

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28 2018-05

Saudi-Russia policy shift sets stage for tense OPEC meeting

LONDON (Bloomberg) --When Saudi Arabia and Russia announced a new policy to revive oil production last week, one thing was missing: most of the other partners in their grand coalition. With .........

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25 2018-05

Oil extends slide as Russia talks of easing OPEC supply curbs

NEW YORK (Bloomberg) --Oil prices slid for a third day in New York after Russia signaled that phasing out historic supply curbs that eliminated a worldwide glut may be on the table. West Tex.........

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24 2018-05

The $100/bbl oil wager comes back to the options market

LONDON (Bloomberg) --Some options traders are betting on $100 oil again. Whether its the specter of sanctions on Iran, Venezuelas output plunge, or a momentum play on the back of the past ye.........

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23 2018-05

Norway's $1-trillion wealth fund moves closer to oil exit

OSLO (Bloomberg) --Norways $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks. The fund won support from key academics at Norways top unive.........

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17 2018-05

More pain may come for Nigeria's loss-making oil behemoth

LAGOS (Bloomberg) --Its meant to be a cash cow, but the state oil company of Africas biggest producer is bleeding money. Nigerian National Petroleum Corp., the Abuja-based behemoth that domi.........

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16 2018-05

Oil rises to $79 in London on Mideast risk from Iran to Gaza

LONDON (Bloomberg) --Oil climbed to a three-year high near $79/bbl in London on heightened political risks in the Middle East following unrest in Gaza and the return of sanctions against Ira.........

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15 2018-05

India's oil demand surges for eighth straight month in April

MUMBAI (Bloomberg) --Indias oil consumption surged 4.5% in April as industrial activity gathered pace in Asias third-largest economy and sales of trucks and buses soared. The nations total o.........

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14 2018-05

Lukoil signs new development plan for West Qurna-2 field in Iraq

MOSCOW -- Lukoil and the Basra Oil Company signed a development plan for West Qurna-2 field that provides for an oil production plateau of 800,000 bpd. According to the plan, the oil product.........

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11 2018-05

Senator eyes oil tax to punish Canada over Alaska drilling clash

WASHINGTON (Bloomberg) --As Alaskas congressional delegation worked feverishly last year to achieve the decades-long dream of drilling for oil in the Arctic National Wildlife Refuge, they ca.........

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10 2018-05

Oil rises as Trump tells buyers to cut back on Iranian crude

LONDON and SEOUL (Bloomberg) -- Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full.........

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09 2018-05

U.S. seen cutting oil imports to lowest since Eisenhower

NEW YORK (Bloomberg) --The U.S. will cut its reliance on foreign oil to the lowest in more than 60 years as domestic crude output surges to record levels. The Energy Information Administrati.........

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