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The Annual Offshore Oil & Gas Event
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The 25thBeijing International Offshore Oil & Gas Exhibition

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BEIJING,CHINA

March 26-28,2025

LOCATION:HOME> News > Industry News
Industry News
The following is the news list page
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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28 2020-04

Westermo industrial Ethernet switch wins Red Dot Product Design Award 2020

Westermo has received the 2020 Red Dot product design award for its ultra-compact and robust Lynx 5512 industrial Ethernet Switch, designed by Kim Trmnen. The Red Dot award is an internation.........

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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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10 2020-03

Oil tests recovery from historic crash following global price war

SYDNEY (Bloomberg) - Oil clawed back some of its biggest drop in a generation as investors grappled with the most volatile market on record in the midst of simultaneous supply and demand sho.........

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17 2020-01

Oil advances on optimism sparked by historic U.S.-China trade agreement

NEW YORK (Bloomberg) - Oil rose to the highest in more than a week as the preliminary trade truce between the U.S. and China fanned optimism about economic growth. Futures rose as much as 1..........

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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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14 2020-01

China’s top oil firm sees demand growth cut in half in 2020

BEIJING (Bloomberg) - The worlds biggest oil import market could see demand growth in 2020 of just half of last years levels as the trade wars ripple effects continue to be felt, according t.........

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13 2020-01

Oil set for biggest weekly loss since July as Mideast risk eases

SINGAPORE (Bloomberg) - Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Midd.........

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10 2020-01

Oil steadies after giving up gains from U.S.-Iran hostilities

SINGAPORE (Bloomberg) - Oil steadied after rapidly shedding all of its gains from the clash between the U.S. and Iran, as traders waited to see whether any further hostilities will disrupt e.........

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07 2020-01

Oil touches $70 as supply disruption fears grow

SINGAPORE (Bloomberg) - Oil extended its dramatic surge, surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the U.S. assassinated one .........

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