Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Oil has stopped dictating which direction European gas will go

LONDON (Bloomberg) -- Global oil markets have stopped being the puppet masters driving European natural gas prices. Gas is no longer as localized a commodity, only moved relatively short distances through pipelines, and tied to oil in Europ......【More】

2018-08-29

Trinidad inks gas deal with Venezuela to continue LNG exports

HOUSTON (Bloomberg) --Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from Venezuela. President Nicolas Maduro and Trinidad and Tobago Prime Minister Keith Rowley signed a deal Satu......【More】

2018-08-27

United Oil & Gas confirms award of two blocks in the UK North Sea

LONDON -- United Oil Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced that further to the announcement of May 24, 2018, it has accepted the formal offer from the Oil and Gas Authority,......【More】

2018-08-24

Oil climbs after biggest U.S. crude stockpile drop in four weeks

NEW YORK (Bloomberg) -- Oil gained after a U.S. government report showed the biggest decline in crude inventories since late July. Futures in New York advanced as much as 2.7% on Wednesday. Crude stockpiles fell 5.84 MMbbl last week, the En......【More】

2018-08-23

Fracing robots in the works as oil field is digitized

HOUSTON -- Rack up one more thing robots can be used for: Fracing for oil. Bots already are used to vacuum floors, build cars and do heart surgery. Now, Halliburton Co. wants to add fracing to the to-do list. The worlds biggest provider of......【More】

2018-08-22

Wild currency swings make trading Chinese oil futures risky

LONDON and SINGAPORE (Bloomberg) -- Wild swings in the yuan and punitive storage costs are making oil traders think twice about a bet on Chinas fledgling crude futures that looks highly lucrative on paper. Last week, considering freight cos......【More】

2018-08-21

Losing Lofoten would imperil Norway’s Arctic push, oil boss warns

OSLO (Bloomberg) --Backing down on drilling off Norways Lofoten islands could also threaten the search for 16 Bbbl of oil and gas that lies beneath the Barents Sea, the countrys energy minister said. The warning comes amid increasing signs......【More】

2018-08-20

Oil shrugs at revival of U.S.-China trade talks to ease tensions

LONDON (Bloomberg) -- Signs of easing tensions between the worlds two largest economies have done little to lift oil as surging U.S. stockpiles offset potential gains in crude futures. Oil in New York was little changed while crude in Londo......【More】

2018-08-17

Oil sinks to eight-week low after surprise U.S. stockpile build

NEW YORK (Bloomberg) -- Oil plunged after U.S. stockpiles swelled by the most since March 2017 and as investor concern increased that the U.S.-China trade war and Turkish crisis will undercut demand. Futures in New York fell as much as 3.8%......【More】

2018-08-16

Oil recovers as Turkey tumult calms, U.S. supplies seen falling

NEW YORK (Bloomberg) -- Crude rose as troubles in Turkey showed signs of abating and amid expectations of tightening inventories in the U.S. Futures advanced as much as 1.7% in New York on Tuesday after Mondays decline. The rout in Turkish......【More】

2018-08-15