The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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The 25thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

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BEIJING, China

March 26-28,2025

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Industry News
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18 2020-08

OPEC+ tries to balance market share gains with weak oil demand

LONDON (Bloomberg) - OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices. Whether they .........

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14 2020-08

Bleak air travel forecasts lead IEA to lower oil demand projections

LONDON (Bloomberg) --The International Energy Agency cut forecasts for global oil demand as air travel suffers from the coronavirus crisis even more than previously expected. The IEA reduced.........

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04 2020-08

Oil tests $40 as OPEC’s extra barrels loom on the horizon

SINGAPORE (Bloomberg) --Oil edged below $40 a barrel as OPEC+ producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus. .........

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03 2020-08

OPEC+ plans to pump more crude into a precarious global oil market

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 .........

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20 2020-07

Ecopetrol revises 2020 capital plan upwards on signs of oil market recovery

BOGOTA - Ecopetrol S.A. reports that the Board of Directors approved a new organic investment plan for the Ecopetrol Group (GE) with an estimated amount between US $3 $3.4 billion by 2020. T.........

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15 2020-07

Oil prices stabilize as OPEC compliance eases U.S. demand fears

NEW 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 .........

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09 2020-06

Second Libyan oil field restarts, potentially complicating OPEC+ deal

CAIRO (Bloomberg) --Libya took another step toward reviving its moribund oil industry by restarting production at a second important field after a five-month halt. Pumping began on Sunday at.........

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05 2020-06

Oil price slide continues on OPEC+ strife, questionable demand data

SINGAPORE (Bloomberg) - Oil retreated from a three-month high as OPEC+ unity was threatened by a long-running feud over complying with production cutbacks, while U.S. data cast doubt on the .........

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03 2020-06

Shale’s reawakening begins as oil holds above $30

HOUSTON (Bloomberg) - Early signs of a shale rebound are becoming evident as crude prices emerge from their dramatic collapse earlier this year. EOG Resources Inc., Americas largest shale-fo.........

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01 2020-06

Saudis focus oil shipments on China during production cuts

LONDON (Bloomberg) --An early look at Saudi Arabias crude exports for May shows that historic production cuts have done little to squelch the kingdoms flood of oil to China, which is just ge.........

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28 2020-05

Ghana reconsiders oil’s role in its economy as prices fall

ACCRA (Bloomberg) - The global slump in crude prices is giving Ghana a chance to rethink its dependence on a sector that was its key driver of economic growth in recent years. Hit by the dou.........

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27 2020-05

Oil prices climb on prediction of swift demand rebalance

SINGAPORE (Bloomberg) - Oil rose above $34/bbl, following a prediction from Russia that the market may rebalance as early as next month due to historic output cuts from global producers. Rus.........

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26 2020-05

IEA chief says low oil prices will take demand beyond pre-crisis highs

LONDON (Bloomberg) --Global oil consumption hasnt peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-.........

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25 2020-05

Swift production declines may keep shale operators on oil rebound’s sidelines

HOUSTON (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 expo.........

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22 2020-05

Libyan oil uncertainty grows as crippling civil war drags on

CAIRO (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 .........

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