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The 25thChina International Explosion Protection and Electric Technology & Equipment Exhibition

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March 26-28,2025

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Industry News
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18 2016-10

Oil declines as OPEC members boost output, U.S. rig count gains

NEW YORK (Bloomberg) -- Oil declined as OPEC members added supply and U.S. producers increased drilling, threatening to compound a global surplus. Futures fell by as much as 1.8 percent. Lib.........

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17 2016-10

Newfield CEO sees cautious approach on ‘huge’ Oklahoma oil find

OKLAHOMA CITY (Bloomberg) -- Dont expect a major ramp-up of oil production in Oklahomas hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Ne.........

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09 2016-09

Four scenarios for oil producers as they seek to boost prices

LONDON (Bloomberg) -- A meeting in Algiers at the end of September between OPEC and Russiawhich together pump more than half the worlds oilhas raised expectations that a deal could be struck.........

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08 2016-09

GE Oil & Gas inks FPSO agreement with MODEC

LONDON -- GE Oil Gas has signed a major agreement with MODEC, an owner/operator and EPCI general contractor of floating production systems, to supply and service gas turbines for FPSOs in Br.........

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07 2016-09

Oil-market rescue seen no nearer amid Saudi-Russia ‘lip service’

LONDON (Bloomberg) -- An international agreement to cap crude-oil output in a way that would restrict actual supply and support prices looks no nearer after the two largest producers pledged.........

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06 2016-09

Iran’s ready to pump more as OPEC faces ‘prisoner’s dilemma’

SINGAPORE (Bloomberg) -- As speculation swirls over whether oil producers will reach a deal to coordinate output and aid a recovery in prices, Iran says its ready to pump more. The OPEC memb.........

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05 2016-09

Stable oil price requires Saudi, Russian cooperation, prince says

HANGZHOU, China (Bloomberg) -- Global oil-market stability is impossible without the cooperation of Russia and Saudi Arabia, the worlds biggest crude producers, the kingdoms influential depu.........

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02 2016-09

Worst is over for oil as investment at risk, IHS’s Yergin says

STAVANGER, Norway (Bloomberg) -- The worst has passed for oil prices, which are now too low to ensure investment in the new supplies needed during the rest of the decade, IHS Markit Ltd.s Vi.........

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01 2016-09

Mystery of oil held on Chinese islands puzzles crude markets

From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dott.........

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31 2016-08

Shell says while gas is the future, it won’t be traded like oil

STAVANGER, Norway (Bloomberg) -- Natural gas is rapidly becoming one of the most traded global commodities, but that doesnt mean it will have a global price, according to Royal Dutch Shell. .........

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30 2016-08

Oil pessimists exit as OPEC cap talk spurs bets glut easing

NEW YORK (Bloomberg) -- Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally. Futures have cli.........

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29 2016-08

If you're betting on an OPEC freeze, don't ignore Iraq: Column

NEW YORK (Bloomberg Gadfly) -- When the OPEC nations last met with Russia to agree an output freeze, back in April, it was Saudi Arabia that shot down the deal -- refusing to take part witho.........

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26 2016-08

Saudi oil minister sees output freeze as ‘positive’

LOS ANGELES (Bloomberg) -- Saudi Arabias energy minister said an oil-output freeze would be positive if it happens, while ruling out a cut in production. Irans oil minister became the latest.........

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25 2016-08

Oil drops as industry data signal U.S. crude stockpiles rising

NEW YORK (Bloomberg) -- Oil resumed its drop after industry data showed U.S. stockpiles rose, keeping inventories at the highest seasonal level in at least 30 years as peak summer demand in .........

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24 2016-08

Oil Search says second PNG greenfield project may not proceed

PORT MORESBY, Papua New Guinea (Bloomberg) -- Oil Search Ltd. said development of a second standalone LNG export terminal in Papua New Guinea is unlikely with Exxon Mobil Corp. and Total SA .........

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