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The 26thBeijing International Offshore Oil & Gas Exhibition

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March 26-28,2026

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Industry News
The following is the news list page
19 2018-03

Crude spike on Friday blamed on 'sideways trading'

NEW YORK (Bloomberg) --Crude ended Friday higher after a curious, late-morning spike left analysts scratching their heads. The market was little changed during morning hours of trading, but .........

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14 2018-03

Oil slides on speculation U.S. surge will undermine OPEC cuts

NEW YORK (Bloomberg) --Oil slid in New York amid concern that global demand might not absorb swelling U.S. supplies. Futures fell 1.1%, and April futures slipped below May contracts. The U.S.........

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13 2018-03

Oil bust was actually good for a town called 'Shale City'

NEW YORK (Bloomberg) --As the price of oil goes, so goes Williston, North Dakota. Now, though, the community located deep in the states Bakken shale play is working to break free from the in.........

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12 2018-03

Operators shrink U.S. rig fleet for first time since January

NEW YORK (Bloomberg) --U.S. oil companies curtailed activity for the first time since January as escalating output from shale fields stunted a recovery in crude prices. Operators idled four .........

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09 2018-03

Africa Oil completes investment in Impact Oil and Gas

VANCOUVER, B.C. -- Africa Oil Corp. has announced that it has completed the previously announced (Feb. 7, 2018) investment in Impact Oil and Gas Limited, a private UK company with exploratio.........

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08 2018-03

Exxon says watch for oil shocks as demand becomes market driver

HOUSTON (Bloomberg) --Soaring demand is the main reason for the rebound in oil prices -- but if the economy falters, crude could tumble back to $40/bbl, according to ExxonMobil Corp. Cuts by.........

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02 2018-03

PetroChina said to agree to 2018 deal to lift Libya oil

CAIRO and LONDON (Bloomberg) --PetroChina Co. agreed to an annual contract to buy Libyan crude after similar deals by oil majors like Royal Dutch Shell Plc and BP Plc, underscoring a recover.........

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28 2018-02

Mexican candidate's plan to build refineries raises eyebrows

MEXICO CITY (Bloomberg) --Industry observers have serious doubts about the Mexican presidential front-runners plan to build new refineries that could cost $6 billion to $10 billion. Leftist .........

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27 2018-02

UK set to become net crude oil exporter

LONDON (Bloomberg) --For all the talk of aging oil fields and shrinking production, the UK is about to achieve a surprising feat:its on the brink of becoming a net crude oil exporter for the.........

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26 2018-02

Oil heads for second weekly gain after surprise stockpile drop

LONDON (Bloomberg) -- Oil headed for a second weekly increase as a surprise pullback in U.S. crude inventories compounded signs that a global glut is easing. Futures in New York are up 1.7% .........

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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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