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01-22

2018

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Asia and Russia begin to cut down their oil production...

More and more oil companies begin to cutting down their oil production when the agreement of OPEC go into effect. Russian oil production has fallen by 180,000 barrels a day in the last two weeks,

01-22

2018

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Forward Lunar Year Festival- Kitchen God Worshipping Day...

In the twelfth lunar month lunar, the Spring Festival is not far away. There is ‘Forward Lunar Year Festival’ which now many young people are not very understanding. In fact, there are variety of custom in this day.

01-22

2018

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Happy Chinese Spring Festival!...

The Spring festival is the most important festival in China. It is on January 1st per the Chinese lunar calendar. It's China's New Year’s Day so usually a month before the festival, people begin to buy food clothes and decorations for houses.

01-22

2018

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Happy Lantern Festival...

The first month of the Chinese Lunar month is called the yuan month, and night means "Xiao" so it is called the yuan xiao Festival in China. The fifteenth day is the first full moon of that lunisolar year. According to Taoist tradition,

01-22

2018

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Brent crude oil rallies pending inventory...

Light, sweet oil prices for March settled above $54/bbl on the New York market Feb. 21 and the Brent contract for April settled above $56.60/bbl on the London market.

01-19

2018

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86% Oil Output Cuts Did by OPEC & Non-OPEC Oil Producers...

OPEC and non-OPEC participants in an historic oil output deal have conducted around 86% of agreed production cuts, Kuwait's official news agency said Friday, suggesting producers outside the cartel are lagging begging their OPEC peers.

01-19

2018

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Happy International Women’s Day...

International Women's Day (IWD), originally called International Working Women's Day, is celebrated on March 8 every year. It commemorates the struggle for women's rights.

01-19

2018

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IEA forecasts possible oil undersupply, price spike after 2020...

Global oil supply could struggle to keep pace with demand after 2020, risking a sharp increase in prices, unless new projects are approved soon,

01-19

2018

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Exxon Buys Stake in Offshore Mozambican Natural Gas Field for $2.8 Billion...

Exxon Mobil Corp. said that it would buy a 25% indirect interest in an offshore natural gas field near Mozambique from Eni SpA for about $2.8 billion.

01-19

2018

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The world largest petroleum exhibition CIPPE...

The 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE) was held in Beijing China International Exhibition center from March 20th to 22th.

01-19

2018

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The 17th China CIPPE Exhibition...

The 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE) was held from 20th March to the 22nd March 2017 in Beijing New China International Exhibition Center.

01-19

2018

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US oil producers had higher CAPEX in fourth-quarter 2016...

Forty-four US onshore-focused oil production companies increased capital expenditures by $4.9 billion, or 72%, in fourth-quarter 2016 vs. fourth-quarter 2015,

01-19

2018

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Oil Production Cut 64% Fulfilled by Non-OPEC States...

Oil-producing countries outside of the Organization of the Petroleum Exporting Countries (OPEC) have fulfilled the agreement on reducing oil production by 64 percent in March, Kuwaiti Oil Minister Issam Abdulmohsen Almarzooq told reporters.

01-19

2018

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Production from major US onshore oil regions to rise 124,000 b/d in May...

The seven major onshore producing regions in the US are expected to collectively increase oil output by 124,000 b/d month-over-month in May to average 5.193 million b/d,

01-19

2018

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Saudi Arabia leads MENA investment plans...

Saudi Arabia leads countries of the Middle East and North Africa (MENA) in future energy investment, according to a study by Arab Petroleum Investments Corp