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The 25thBeijing International Offshore Oil & Gas Exhibition

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March 26-28,2025

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Industry News
The following is the news list page
12 2016-07

Falling U.S. oil output not enticing enough for wary investors

NEW YORK (Bloomberg) -- Not even a sharp decline in U.S. oil production can convince investors that crude prices are ready to rebound. Stubbornly high U.S. inventories and resurgent output f.........

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11 2016-07

Big Oil’s $45 billion of new projects signal spending revival

HOUSTON (Bloomberg) -- Two projects worth $45 billion announced this month show the worlds largest oil companies are regaining the confidence to make big investments, emboldened by rising cr.........

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07 2016-07

Oil swings between gains, losses as traders weigh Brexit effect

NEW YORK (Bloomberg) -- Oil swung between gains and losses after falling to a one-week low as investors fled to haven assets on concern the UKs vote to leave the European Union (EU) will hin.........

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06 2016-07

Oil heads for biggest drop in five months amid ample supplies

NEW YORK (Bloomberg) -- Crude headed for the biggest decline in almost five months on a gloomy outlook for the world economy and signs that oil stockpiles remain ample. Futures fell as much .........

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05 2016-07

Oil deficit dalliance seen ending as disrupted crude returns

NEW YORK (Bloomberg) -- The oil market surplus that vanished last quarter, helping prices post the best quarter in seven years, may return as early as this month as disrupted supply starts t.........

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04 2016-07

Oil rally threatened as gasoline supply surge swamps U.S. demand

NEW YORK (Bloomberg) -- American drivers seemingly insatiable thirst for gasoline is running into a flood of supply. Refineries across the nation are operating full-out and imports are pouri.........

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01 2016-07

Oil pares biggest quarterly gain since 2009 amid rebalancing

NEW YORK (Bloomberg) -- Oil headed for the biggest quarterly advance in seven years as falling U.S. supply added to speculation the global surplus is easing. Futures fell as much as 2.8% in .........

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30 2016-06

Abu Dhabi merger to create oil producer dwarfing OPEC's Libya

DUBAI (Bloomberg) -- Abu Dhabis proposed merger of two of its largest sovereign investment funds would create a global energy business that produces more oil than OPEC member Libya and with .........

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29 2016-06

Venezuela’s oil output decline accelerates as drillers go unpaid

CARACAS, Venezuela (Bloomberg) -- Venezuelas oil output, already the lowest since 2009, is set to slide further this year as contractors scale back drilling after the cash-strapped country f.........

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28 2016-06

Oil caps biggest two-day loss since February on Brexit fallout

NEW YORK (Bloomberg) -- Oil capped the biggest two-day drop since February as futures remained volatile after the UK last week voted to leave the European Union. Futures tumbled 2.8% in New .........

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27 2016-06

Russia warns oil price drop may get ‘serious’ on Brexit shock

MOSCOW (Bloomberg) -- Russia warned that crude oil prices may plunge further if the shock of Britains vote to exit the European Union is combined with a boost in output. Returning production.........

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24 2016-06

Canada needs new major oil pipelines, CAPP forecast shows

CALGARY, Alberta -- Forecasted growth in Canadian oil production shows new major oil pipelines are urgently needed to deliver safe, secure and reliable energy to domestic and world markets, .........

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23 2016-06

World’s second-biggest sovereign fund sees oil glut until mid-2017

DUBAI (Bloomberg) -- The global oil glut will probably persist until at least next summer as markets take time to absorb excess crude in storage, according to the head of research at the wor.........

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22 2016-06

Oil falls from one-week high ahead of Brexit vote, EIA report

NEW YORK (Bloomberg) -- Oil fell from the highest close in more than a week as markets awaited U.S. stockpile data, while the UK referendum on European Union membership remained too close to.........

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21 2016-06

Oil seen at $80 next year by Raymond James

ST. PETERSBURG, Florida (Bloomberg) -- Rebounding after a two-year collapse, its only this month that oil prices have pushed up past $50/bbl, but Raymond James Associates says this is just t.........

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