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  • The Annual Explosion Proof Electric Technology & Equipment Event
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    March 26-28,2025

    LOCATION:HOME> News > Industry News
    Industry News
    The following is the news list page
    24 2019-10

    Oil rallies after surprise decline in U.S. crude stockpiles

    NEW YORK (Bloomberg) - Oil spiked above $55/bbl for the first time in three weeks after a surprise drop in U.S. crude supplies signaled strengthening demand. Futures rose as much as 1.5% in .........

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    17 2019-10

    U.S. Gulf of Mexico crude oil production to continue to set records through 2020

    WASHINGTON - U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) averaged 1.8 MMbpd in 2018, setting a new annual record. The U.S. Energy Information Administration (EIA) expe.........

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    15 2019-10

    Oil short-selling more than doubles despite Mideast risks

    CALGARY (Bloomberg) - Oil short-selling has more than doubled in three weeks, with attacks on oil facilities and tankers unable to push prices higher for very long. Hedge fund bets on a West.........

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    14 2019-10

    Abu Dhabi seeks to shift oil markets with its own crude benchmark

    DUBAI (Bloomberg) - The Middle East produces a fifth of the worlds oil, but the regions never had a benchmark price that competes with Londons Brent or New Yorks WTI. That could be about to .........

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    12 2019-10

    Oil jumps above $60 as Iran tanker attack reignites Mideast risk

    SINGAPORE (Bloomberg) - Oil jumped back above $60/bbl after reports of a missile strike on an Iranian tanker near the Saudi Arabian port city of Jeddah reignited fears over military escalati.........

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    11 2019-10

    Nigeria demands $62 billion from oil majors for past profits

    ABUJA (Bloomberg) - Nigeria is seeking to recover as much as $62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share o.........

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    09 2019-10

    Jersey Oil and Gas details Buchan’s "significant" resources

    ST. HELIER -- Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea. The AIM-quoted explorer .........

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    08 2019-10

    Oil moves higher as market eyes trade talks later this week

    SINGAPORE (Bloomberg) - Oil gained after its biggest weekly slump since July ahead of the resumption of U.S.-China trade talks that may sway a cloudy demand outlook. Futures in New York adde.........

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    30 2019-09

    Pemex faces oil trading team exodus amid pricing review

    MEXICO CITY (Bloomberg) Pemexs head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nations crude price formulas,.........

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    29 2019-09

    Pemex faces oil trading team exodus amid pricing review

    MEXICO CITY (Bloomberg) Pemexs head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nations crude price formulas,.........

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    26 2019-09

    Oil holds declines after U.S. crude stocks rise for second week

    NEW YORK (Bloomberg) - Oil held declines after the U.S. government reported a build in nationwide crude inventories for the second consecutive week. The Energy Information Administration sai.........

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    24 2019-09

    Oil stabilizes amid mixed reports over pace of Saudi recovery

    NEW YORK (Bloomberg) - Oil stabilized as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production. Brent crude was little changed, after fa.........

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    20 2019-09

    Oil rises amid doubts about speed of Saudi recovery from attacks

    LONDON (Bloomberg) - Oil rose amid doubts about the speed of Saudi Arabias recovery from the weekends attack on its facilities that knocked out a large chunk of its production. Futures gaine.........

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    18 2019-09

    Saudi Arabia partially restores output at damaged oil plant

    DUBAI (Bloomberg) - Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially r.........

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    17 2019-09

    ExxonMobil finds more oil offshore Guyana at Tripletail

    IRVING, TEXAS - ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated r.........

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