The 12th Shanghai International Petrochemical
Technology and Equipment Exhibition
Opening Countdown:
Days
LAGOS (Bloomberg) --Its meant to be a cash cow, but the state oil company of Africas biggest producer is bleeding money. Nigerian National Petroleum Corp., the Abuja-based behemoth that dominates the OPEC members energy industry, has made l......【More】
2018-05-17MUMBAI (Bloomberg) --Indias oil consumption surged 4.5% in April as industrial activity gathered pace in Asias third-largest economy and sales of trucks and buses soared. The nations total oil demand expanded to 17.7 million tons in the mon......【More】
2018-05-15MOSCOW -- Lukoil and the Basra Oil Company signed a development plan for West Qurna-2 field that provides for an oil production plateau of 800,000 bpd. According to the plan, the oil production of 480,000 bpd will be reached in 2020 and 800......【More】
2018-05-14WASHINGTON (Bloomberg) --As Alaskas congressional delegation worked feverishly last year to achieve the decades-long dream of drilling for oil in the Arctic National Wildlife Refuge, they came across a formidable opponent: Canada. The Canad......【More】
2018-05-11LONDON and SEOUL (Bloomberg) -- Oil rose to a three-year high after the U.S. told buyers of Iranian crude they have six months to curb their purchases or face tough penalties. While the full impact of President Donald Trumps decision to wit......【More】
2018-05-10NEW YORK (Bloomberg) --The U.S. will cut its reliance on foreign oil to the lowest in more than 60 years as domestic crude output surges to record levels. The Energy Information Administration sees net imports of crude and petroleum product......【More】
2018-05-09LONDON (Bloomberg) --Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market. Th......【More】
2018-05-08SINGAPORE and LONDON (Bloomberg) -- Oil traded near $68/bbl amid growing expectations that U.S. President Donald Trump will withdraw from a nuclear accord with Iran, threatening crude exports from OPECs third-largest producer. Futures in Ne......【More】
2018-05-07DUBAI (Bloomberg) --Bahrain, one of only three Middle East oil exporters that needs crude above $100 to break even, will soon be part of another short list: the triple-digit debt club. The smallest oil producer in the Persian Gulf will join......【More】
2018-05-04NEW YORK (Bloomberg) --Theres a downside to oil prices being up that could cost the industry more than $7 billion. When crude markets slumped, explorers used hedging contracts to lock in payments for future barrels to ride out prices that f......【More】
2018-05-03
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