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
The following is the news list page
24 2018-02

Libya oil field halted amid still-fragile recovery

DUBAI (Bloomberg) --A Libyan oil field halted production due to a labor dispute, underscoring the still-fragile nature of the North African countrys recovery from a domestic conflict. The co.........

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23 2018-02

U.S. oil boom tempts Saudis to consider American crude sale

SINGAPORE (Bloomberg) -- Even Saudi Arabia wants in on the U.S. oil boom. The kingdoms state oil firm considered the possibility of sending American crude to Asia in February via a U.S. unit.........

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12 2018-02

China ends 25-year wait as yuan oil futures to start trading

BEIJING and SHANGHAI (Bloomberg) --After a wait of about a quarter of a century, the worlds biggest oil buyer is finally getting its own crude-futures contract. In a challenge to the worlds .........

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11 2018-02

Oil set for worst week in year as rout inflames U.S. supply fear

SINGAPORE (Bloomberg) --Oil headed toward its worst week in almost a year as the global risk-asset rout further rankled investors already concerned over growing U.S. supply. Futures traded i.........

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09 2018-02

New bill halves share of oil income for Kenya communities

NAIROBI (Bloomberg) --Kenya halved the amount of revenue it will distribute to local communities once commercial oil production starts, setting up a potential dispute with residents of its e.........

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08 2018-02

Venezuela oil sanctions more likely as Tillerson tours region

KINGSTON, Jamaica (Bloomberg) --U.S. Secretary of State Rex Tillerson signaled the U.S. is closer to imposing sanctions on Venezuelas oil sector, raising the pressure on President Nicolas Ma.........

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07 2018-02

Crude pares losses as smoke clears from equities implosion

NEW YORK (Bloomberg) --Oil pared some of its losses as a historic collapse in stock markets began to peter out. Futures were down 0.4% in New York after earlier falling as much as 1.6%. Blue.........

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06 2018-02

Aramco's Asia light oil pricing steady in sign of slower demand

DUBAI (Bloomberg) --Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the worlds largest crude exporter responds to slower seasonal demand. State-own.........

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05 2018-02

Oil below $70 as U.S. shale surge looms over bullish banks

LONDON (Bloomberg) --Brent crude traded below $70/bbl as the specter of expanding U.S. supply was weighed against Wall Street banks growing faith in a price rally. The benchmark grade is on .........

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02 2018-02

Iraqi oil-export ambitions seen putting strain on OPEC accord

DUBAI (Bloomberg) --OPEC likes to trumpet its record-breaking compliance with output cuts. Yet one of its largest members has been opening the taps and doesnt plan to scale back any time soo.........

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01 2018-02

U.S. shale growth could support Caribbean oil storage owners

NEW YORK (Bloomberg) --Caribbean oil terminals hurt by dwindling Venezuelan supply and a market that encourages traders to pull oil out of tank may get a shot in the arm fromU.S. shale. Supp.........

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31 2018-01

Trump tax plan a $190-billion boost to U.S. oil, study shows

NEW YORK (Bloomberg) --When President Donald Trump gives his State of the Union address Tuesday night, hell surely tout the sweeping U.S. tax overhaul approved by Congress last month. For th.........

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30 2018-01

Jersey Oil & Gas announces approval of Verbier appraisal

LONDON -- Jersey Oil Gas, an independent upstream oil and gas company focused on the UK Continental Shelf (UKCS) region of the North Sea, is pleased to announce that the co-venturers in resp.........

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29 2018-01

Oil advances as cheap dollar stokes demand for tightening supply

NEW YORK (Bloomberg) --Oil is on course for its third weekly gain this month as the cratering value of the U.S. currency elevated demand for dollar-denominated commodities when spare crude s.........

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26 2018-01

Optimism reigns in oil market as focus turns to stockpile drop

HONG KONG (Bloomberg) --Oilsurged to the highest level in more than three years as investors cheered a record run of declines in American crude stockpiles, showing resolve in the face of sur.........

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