Industry News|cippe Zhenwei Shanghai Petrochemical Show|ZHENWEI EXPO

Oil companies’ renewables push squeezing profitability from green projects

(Bloomberg) --The worlds largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as climate planning focuses more on green energy sources. Companies from BP Plc to TotalEne......【More】

2021-08-11

Iran’s oil output growth looks less likely following tanker attack

(Bloomberg) --Irans oil comeback, already taking longer than many traders expected, will be further complicated by last weeks deadly drone attack on a tanker in the Gulf of Oman, which the U.S., U.K. and Israel all blamed on Tehran. With ta......【More】

2021-08-04

Oil prices fall on declining Chinese factory output

(Bloomberg) --Oil slid by the most in a week as the fast-spreading delta variant poses a threat to demand and as data out of China signaled a slowdown. Futures in New York declined as much as 2% on Monday. The virus is clouding the outlook......【More】

2021-08-03

U.S. crude oil exports reached record levels in 2020, remain high in 2021

WASHINGTON - Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020. So far this year (as of July 9, 2021), U.S. crude oil exports have averaged 3.00 million barrels per day (bpd). The most recent fou......【More】

2021-07-21

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 dispute that tested the unity of the cartel was resolv......【More】

2021-07-19

Total Partners with Siemens Energy to Reduce LNG Related Emissions

Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation. Each partne......【More】

2021-04-14

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】

2021-02-25

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】

2021-02-22

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】

2021-02-02

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】

2021-01-27