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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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12 2015-11

OPEC challenges shale afresh as Iraq crude floods Gulf of Mexico

NAOMI CHRISTIE HOUSTON (Bloomberg) -- OPECs latest challenge to U.S. shale oil producers would be about two miles long, lined end to end, and weigh almost 3 million metric tons. Its due to r.........

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11 2015-11

Veteran diplomat confirms consensus view at IPAA on Saudi, oil prices

NEW ORLEANS -- As director of Rice Universitys Baker Institute for Public Policy, and a veteran diplomat who served in eight U.S. administrations, Edward Djerejian has a long track record of.........

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10 2015-11

Marathon Oil sells majority of Gulf of Mexico assets for $205 million

HOUSTON -- Marathon Oil Corp. has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in Petronius and N.........

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09 2015-11

Current oil price to soon spur demand growth: Saudi oil minister

DUBAI (Bloomberg) -- Oil demand will soon reflect the attractiveness of the current level of crude prices, and Asia will be a vital engine of economic expansion for decades, Saudi Oil Minist.........

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06 2015-11

U.S. oil, gas exports key to more stable global energy markets: ACCF

WASHINGTON, D.C. -- The free trade of Americas abundant energy resources would provide an invaluable opportunity for the U.S. to help strengthen and stabilize global energy markets, especial.........

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05 2015-11

Mexico casts wider net for oil buyers as U.S. interest wanes

MEXICO CITY (Bloomberg) -- Mexico isnt breaking up with U.S. oil refiners, but it sure seems like it wants to see other people. Mexico reduced its crude exports to the U.S. in September to t.........

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04 2015-11

U.A.E. sees crude gaining in 2016 on stronger demand, less shale

MAHMOUD HABBOUSH ABU DHABI (Bloomberg) -- Improving economies in Europe and elsewhere together with a continued decline in output of shale oil point to a recovery in demand for crude and an .........

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03 2015-11

Russian crude output hits post-Soviet record defying price slump

STEPHEN BIERMAN MOSCOW (Bloomberg) -- Russian oil production broke a post-Soviet record in October for the fourth time this year as earlier investments boosted output and producers prove res.........

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02 2015-11

Want to see who’s happy about low oil prices? Look at refiners

HOUSTON (Bloomberg) -- While oil drillers cut spending to the bone, U.S. refiners are reaping a windfall from low oil prices. Tesoro Corp. reported record profit in the third quarter, while .........

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30 2015-10

‘Too low’ crude prices seen rising to $80 in 2018 by Statoil

SERENE CHEONG SINGAPORE (Bloomberg) -- Crude prices that have almost halved in the past year are unsustainable at current levels as cuts to investments and postponement of projects will lead.........

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29 2015-10

Statoil quarterly profit falls 60% after crude collapse

MIKAEL HOLTER STAVANGER, Norway (Bloomberg) -- Statoil ASA, Norways biggest oil company, said third-quarter earnings fell 60% as the average crude price in the period dropped to the lowest s.........

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28 2015-10

Haze cuts Indonesia's oil production as pollution affects workers

JAKARTA, Indonesia (Bloomberg) -- Indonesias forest fires are cutting the countrys crude oil production and briefly shut a BP Plc gas plant this month, in the first signs the haze pollution .........

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27 2015-10

Algeria backs Venezuela on OPEC, non-OPEC summit to boost prices

HELENE FOUQUET and MAHER CHMAYTELLI PARIS (Bloomberg) -- Algeria supports Venezuelas call for a summit among heads of state from OPEC and other oil-exporting nations in a bid to lift crude p.........

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26 2015-10

Oil caps biggest weekly loss since August as supply glut deepens

RAKTEEM KATAKEY and MORNING ZHOU LONDON (Bloomberg) -- Oil capped the biggest weekly decline since August as expanding U.S. crude stockpiles exacerbate a global glut. West Texas Intermediate.........

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23 2015-10

Pre-salt production tops 1 MMboed, Petrobras says

RIO DE JANEIRO -- Production of oil and natural gas from facilities operated by Petrobras in the pre-salt layer exceeded 1 MMboed during September, with output averaging 1.028 MMboed, and re.........

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