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Oil prices reach one-year high as global crude supplies shrink

(Bloomberg) --Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand. Futures in New York climbed 2.5% Wednesday, rising to the highest since Jan......【More】


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 wherewithal to help head off growing public discontent.......【More】


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 Monday with the SP 500 rebounding from the worst s......【More】


More oil and gas companies leaning into renewable energy tech

OSLO - New research published by DNV GL finds that the oil and gas industry expects to boost investment in the energy systems of the future this year, as companies seek to transform for the long term. A record two-thirds of senior oil and g......【More】


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 spending, a probable lack of urgency in lifting sancti......【More】


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 trading arm of Chinas biggest oil refiner Sinopec G......【More】


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 rose 0.5% to above $48 a barrel. Crude inventories......【More】


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 equity analysts. Morgan Stanley and Goldman Sachs G......【More】


With City Gas Newly Added, cippe2021 Will Display with Ten Major Areas

The Worlds Leading Event for Oil Gas Industry in China The 21stChinaInternationalPetroleumPetrochemical TechnologyandEquipmentExhibition (cippe2021) 30 March - 1 April, 2021 NCIEC, Beijing, China cippe2021 will display in the whole oil and......【More】


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 has already recovered from Covid-19. North Sea cr......【More】