Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Oil prices fall ahead of OPEC meeting

NEW YORK, July 20 (Xinhua) -- Oil prices settled lower on Thursday as investors awaited a meeting of worlds major oil producers in Russia next week. The West Texas Intermediate for August delivery lost 0.33 U.S. dollar to settle at 46.79 do......【More】

2017-07-24

Syrian army captures 15 oil and gas fields from IS in Raqqa

DAMASCUS, July 19 (Xinhua) -- The Syrian army has captured 15 oil and gas fields in Syrias northern province of Raqqa, the main stronghold of the Islamic State (IS) group, state news agency SANA reported on Wednesday. Following intense mili......【More】

2017-07-21

Oil prices rise as efforts to curb supply continue

NEW YORK, July 18 (Xinhua) -- Oil prices rebounded on Tuesday as reports said Saudi Arabia is considering further limiting crude oil export. The West Texas Intermediate for August delivery added 0.38 U.S. dollar to settle at 46.40 dollars a......【More】

2017-07-20

Egypt to open new areas in Red Sea for oil, gas exploration

CAIRO, July 13 (Xinhua) -- Egyptian Petroleum Minister Tarek el-Mulla said Thursday that new areas in the Red Sea will be open for bidding for exploration as part of Egypts effort to expand oil, gas production. Mulla did not disclose the ex......【More】

2017-07-19

Oil gets some respite as bears give summer optimism a chance

NEW YORK (Bloomberg) --Oil skeptics are letting a little sunshine in. After the worst June for oil in six years, hedge-fund bets on declining West Texas Intermediate retreated. That made room for futures to rebound more than 5% last week on......【More】

2017-07-18

Oil prices climb on stronger demand

NEW YORK, July 14 (Xinhua) -- Oil prices continued to increase on Friday as report showed global oil demand has picked up. The West Texas Intermediate for August Delivery added 0.46 dollar to settle at 46.54 dollars a barrel on the New York......【More】

2017-07-17

The 9th China (Shanghai) International Petrochemical Technology and Equipment Exhibition

Petrochemical and chemical industry is an important pillar industry, big economic aggregate and high industrial relations which is played an important role in China industrial economy and closely related with economic development, peoples l......【More】

2017-07-14

BOEM approves Eni Beaufort Sea exploration plan

ANCHORAGE --After a comprehensive review and consideration of comments received from the public, stakeholders, and Federal and state partner agencies and tribes, the Bureau of Ocean Energy Management today conditionally approved a Beaufort......【More】

2017-07-14

API: Oil and gas drilling sees 62% increase over 2016 levels

WASHINGTON -- API today announced that estimated total wells drilled and completed in the second quarter of 2017 increased 62% compared to the second quarter of 2016. This includes a 41% increase in estimated development gas well completion......【More】

2017-07-13

Oil prices rise on falling U.S. inventories

NEW YORK, July 6 (Xinhua) -- Oil prices settled higher on Thursday on falling U.S. crude inventories. U.S. crude oil inventories fell by an unexpectedly sharp 6.3 million barrels in the June 30 week to 502.9 million, 1.9 percent above the y......【More】

2017-07-11