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    The 15thBeijing International Shale Gas Technology and Equipment Exhibition

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    BEIJING,CHINA

    March 26-28,2025

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    Industry News
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    19 2021-07

    OPEC agrees to boost oil output in August on Saudi-UAE compromise

    (Bloomberg) - OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates. The unusually public disp.........

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    16 2021-07

    Another day of falling oil prices as U.S. gasoline inventory grows

    (Bloomberg) --Oil fell for a second day after a surprise jump in U.S. gasoline stockpiles tempered signs that the American market has returned to robust health. Futures in New York slid near.........

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    19 2021-04

    Guyana Estimates Future Oil Production At 1 Million Bpd

    Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in country, according to natural .........

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    22 2021-02

    Higher oil revenue gives Putin room to challenge Russian discontent

    (Bloomberg) --Rising oil prices and a weak ruble could provide the Kremlin with as much as $33 billion in extra cash for social spending this year, giving Vladimir Putin the financial wherew.........

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    02 2021-02

    Oil surges on signs of a tight global crude market

    (Bloomberg) --Oil surged by the most intraday in three weeks, lifted by broader market strength and optimism over demand recovering this year. Futures climbed as much as 2.4% in New York on .........

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    25 2021-01

    Biden’s fiscal and climate priorities may support oil prices, says Goldman Sachs

    (Bloomberg) --Initial steps taken by U.S. President Joe Bidens administration may help support the oil market this year and next, according to Goldman Sachs Group Inc. A focus on fiscal spen.........

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    12 2021-01

    Asian oil refiners target European crude as Saudi output falls

    (Bloomberg) --Asias oil refineries have been rushing to buy up crude cargoes from Europe after Saudi Arabias surprise decision to unilaterally cut output in February and March. Unipec, the t.........

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    29 2020-12

    Oil price rally fades as OPEC’s plans overshadow U.S. stimulus

    (Bloomberg) --A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from O.........

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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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    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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    26 2020-11

    Oil’s recent surge compounds OPEC+ production challenges

    (Bloomberg) --With OPEC+ just days from meeting, those countries who favor ratcheting up oil production may be finding some support for their arguments from surging prices. Headline futures .........

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