LOCATION :Home> Industry News

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】

2021-01-25

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】

2021-01-12

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】

2020-12-18

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】

2020-12-16

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】

2020-12-14

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】

2020-12-08

Oil prices rise as OPEC+ delays a decision on output hikes

(Bloomberg) --Oil erased earlier losses with OPEC+ seeking more time to reach a deal on production policy after a meeting broke down without an agreement. Futures were 0.7% higher in New York, buoyed by a weaker dollar and a rally in equity......【More】

2020-12-02

<p> (Bloomberg) --BP said it will invest more money in Middle Eastern oil and natural-gas field

(Bloomberg) --BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions. The company is a major producer in countries such as Iraq, where it operat......【More】

2020-11-30

OPEC+ projected to delay oil output hike by at least three months

(Bloomberg) --OPEC and its allies will likely delay a supply increase planned for January by three months, according to a survey of oil analysts, traders and refiners. The 23-nation coalition led by Saudi Arabia and Russia will probably def......【More】

2020-11-27

Oil’s recent surge compounds OPEC+ production challenges

(Bloomberg) --With OPEC+ just days from meeting, those countries who favor ratcheting up oil production may be finding some support for their arguments from surging prices. Headline futures contracts jumped 30% this month with Brent at one......【More】

2020-11-26