The 12th Shanghai International Petrochemical
Automation & Instruments Exhibition
Opening Countdown:
Days
LONDON (Bloomberg) - From quiet skies over Europe to sparse traffic in Americas biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. That poses a particularly delicate challenge for the OPEC carte......【More】
2020-08-03NEW YORK (Bloomberg) --Crude futures in New York rose in tandem with a broader recovery in equities markets, as initial signs that OPEC members intend to comply with promised oil-production cuts assuaged fears that a resurgence in coronavir......【More】
2020-07-15HOUSTON (Bloomberg) --Oil prices have surged more than 75% in the U.S. this month. But dont expect a quick rebound in supply from shale explorers. The quick turnaround in oil markets is exposing the shale industrys Achilles heel: Lightning-......【More】
2020-05-25CAIRO (Bloomberg) - The revival of Libyas oil industry looks even less certain following recent setbacks suffered by Khalifa Haftar, the commander trying to take over the last swaths of the country outside his control. Forces aligned with F......【More】
2020-05-22CALGARY (Bloomberg) - Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels. The Sofia became the second oil tanker in less than a month to s......【More】
2020-05-21(Bloomberg) --For a sneak peek at the return of Chinese oil demand, look no further than the rebound in price of the nations favorite grades. In the last few days a Chinese state-owned refiner bought Brazils Lula crude for August arrival at......【More】
2020-05-15DUBAI (Bloomberg) --The uneasy truce that settled over oil markets this month as some of the worlds largest producers began cutting output belies the raging competition among exporters seeking to preserve their share of a diminished market.......【More】
2020-05-08RIO DE JANEIRO (Bloomberg) --Petrobras, Brazils state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it endure in the meantime. Deman......【More】
2020-04-30WASHINGTON (Bloomberg) --Shale explorer Continental Resources Inc. told at least one refiner it couldnt make an oil delivery after the global pandemic sent prices plunging, a move refiners called the height of hypocrisy following billionair......【More】
2020-04-26HOUSTON (Bloomberg) --A historic crash in crude prices is driving U.S. shale into full-on retreat with operators halting new drilling and shutting in old wells, moves that could cut output by 20% for the worlds biggest producer of oil. For......【More】
2020-04-23
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