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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
24 2016-02

Saudi Arabia to U.S. oilmen: Cut costs or get out of business

HOUSTON (Bloomberg) -- The worlds most powerful oilman brought a harsh message to Houston for executives hoping for a rescue from low prices: high-cost producersmany of them sitting in the r.........

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23 2016-02

OPEC doesn’t know how it can ‘live together’ with shale oil

HOUSTON (Bloomberg) -- OPEC and U.S. shale may need a relationship counselor. After first ignoring it, later worrying about it and ultimately launching a price war against it, OPEC has now c.........

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19 2016-02

Oil pares gain after U.S. crude inventories rise to 86-year high

NEW YORK (Bloomberg) -- Oil pared gains after a government report showed U.S. crude inventories advanced to an 86-year high as imports surged. Crude stockpiles rose 2.15 MMbbl to 504.1 MMbbl.........

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18 2016-02

Iran backs oil producer freeze without pledging supply curbs

TEHRAN, Iran (Bloomberg) -- Iran supported an accord by Saudi Arabia and Russia to steady global oil markets by capping their supply, without saying whether it would curb its own production..........

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17 2016-02

The glaring problem with oil giants' production freeze

NEW YORK (Bloomberg) -- Oil traders arent too impressed with Saudi Arabia and Russias accord to cap oil production at near-record levels. After rising above $31.50/bbl when news of this agre.........

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16 2016-02

Saudi, Russian oil ministers said to plan talks in Doha Tuesday

DOHA, Qatar (Bloomberg) -- Saudi Arabias oil minister will meet with his Russian counterpart in Doha on Tuesday to discuss the oil market, according to a person familiar with the talks. Ali .........

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15 2016-02

Oil rebounds from lowest close in 12 years to pare weekly loss

NEW YORK (Bloomberg) -- Oil rebounded from the lowest level in more than 12 years, paring its biggest weekly loss in a month as the rout in equities eased and OPEC reiterated its willingness.........

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14 2016-02

Crude oil surges the most in seven years as volatility soars

NEW YORK (Bloomberg) -- Crude oil surged the most in seven years, rebounding from the lowest in more than a decade as equities rallied. Volatility jumped. Futures rose 12% in New York and 11.........

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04 2016-02

Oil gains after Russia says open to talking with OPEC

LONDON (Reuters) -- Oil rose on Wednesday, paring earlier losses after Russia reiterated its openness to talking with OPEC about output cuts, which helped revive hope among investors that th.........

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03 2016-02

Oil slips towards $33 as hopes for production cut fade

LONDON (Reuters) -- Oil prices fell around 3% on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded. B.........

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02 2016-02

Iranian political battles pose risk for oil contracts

TEHRAN (Dow Jones) -- Iran is struggling to finalize the terms under which foreign energy companies can drill for oil there, as a political battle rages between the countrys more moderate fo.........

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01 2016-02

Oil and gas companies face difficult year as hedging protections roll off: IHS

HOUSTON -- As oil prices continue to decline, North American EP companies have hedged just 15% of their total production volumes for 2016, including 14% of oil and 18% of natural gas, leavin.........

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29 2016-01

Russia says studying proposal for global oil production cuts

ST PETERSBURG, Russia/DUBAI (Reuters) - Russia said on Thursday that OPEC had proposed oil production cuts of up to 5% in what would be the first global deal in over a decade to help reduce .........

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28 2016-01

Oil resumes decline near $30 as U.S. supplies worsen global glut

WASHINGTON (Bloomberg) -- Oil resumed its decline near $30/bbl after U.S. industry data showed crude stockpiles increased, exacerbating a global glut. Futures slid as much as 3.7% in New Yor.........

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27 2016-01

World Bank slashes 2016 oil price forecast to $37

WASHINGTON, D.C. -- The World Bank has slashed its forecast for crude oil prices by $14 to $37/bbl for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging m.........

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