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Beijing International Petroleum and Petrochemical Safety Production Exhibition

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BEIJING,CHINA

March 26-28,2025

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Industry News
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22 2020-12

Oil prices dive as mutating virus chokes international travel

(Bloomberg) --Oil plummeted the most in seven weeks, with investors fleeing the market as a mutation of Covid-19 discovered in the U.K. threatened more lockdowns across Europe. Brent futures.........

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18 2020-12

Oil prices climb past 10-month record on rallying global markets

(Bloomberg) --Oil extended gains from the highest settlement in almost 10 months after broader markets rallied and American crude stockpiles declined more than expected. Futures in New York .........

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16 2020-12

Wall Street favor shifting from U.S. shale to Canadian oil sands

CALGARY (Bloomberg) --After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020s historic market crash with a slew of upbeat outlooks from Wall Street e.........

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08 2020-12

Asian oil demand strengthens North Sea crude markets

(Bloomberg) --North Sea oil prices are finally strengthening, catching up with other markets that already rallied on the back of rising buying interest from Asia, where demand in many places.........

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02 2020-12

Oil prices rise as OPEC+ delays a decision on output hikes

(Bloomberg) --Oil erased earlier losses with OPEC+ seeking more time to reach a deal on production policy after a meeting broke down without an agreement. Futures were 0.7% higher in New Yor.........

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30 2020-11

BP investing in Middle East oil while pledging a renewables shift

(Bloomberg) --BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions. The company is a major p.........

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27 2020-11

OPEC+ projected to delay oil output hike by at least three months

(Bloomberg) --OPEC and its allies will likely delay a supply increase planned for January by three months, according to a survey of oil analysts, traders and refiners. The 23-nation coalitio.........

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24 2020-11

Oil prices reach three month high on improving demand outlook

(Bloomberg) --Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand outlook. Markets .........

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18 2020-11

EIA projects $43 oil, flat U.S. production in the first half of 2021

WASHINGTON, DC The U.S. Energy Information Administration reported that a record 12.9 million barrels per day (bpd) of crude oil was produced in the United States in November 2019 and was at.........

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17 2020-11

Vaccine news alone won’t solve OPEC’s oil output puzzle

(Bloomberg) --Oil markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ cant celebrate. Crude prices have rallied to a 10-week high on hopes that Pfizer Inc. and BioNTech.........

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10 2020-11

Libya passes 1 million barrel per day oil production milestone

(Bloomberg) --Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country after civil war all but shut its energy industry. The OPEC member, .........

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02 2020-11

With little left to cut, oil majors must wait for a recovery

HOUSTON and LONDON (Bloomberg) --It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting anoth.........

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08 2020-09

Jordan to resume Iraqi oil imports halted by pandemic

(Bloomberg) --Jordan will resume imports of crude oil from its Middle East neighbor Iraq this month after suspending shipments due to the coronavirus. Imports of about 10,000 barrels a day w.........

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03 2020-09

Oil prices fall on lower U.S. refinery demand projections

NEW YORK (Bloomberg) --Oil tumbled to the lowest level in more than a week with the expectation that refinery demand for crude will weaken in the fall and as investors sought refuge in a str.........

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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.........

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