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.
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.
The 17th China International Petroleum & Petrochemical Technology and Equipment Exhibition (CIPPE) was held in Beijing China International Exhibition center from March 20th to 22th.
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.
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,
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.
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,
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
Eni awarded two new offshore blocks Ivory Coast...
Eni today announced that it has obtained majority stakes in two new exploration blocks off the shore of the Ivory Coast. The two offshore blocks are located approximately 50 km from the country’s coastline.
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.
Light, sweet crude oil for May delivery on the New York market rose 55¢ to settle at $51.70/bbl on Apr. 6. Oil prices changing traded sharply higher in New York and London overnight after reports the US launched a missile attack on Syria.
OPEC will extend the willingness to the reduction of output agreement...
Many major member countries of the Organization of Petroleum Exporting Countries have recently said that the target oil price will be set at $ 60 per barrel.
China carbon dioxide dry sand fracturing was a major breakthrough...
With the Su Dong XX-XXC4 well carbon dioxide dry sand fracturing test successfully completed, the company's major on-site research project - carbon dioxide dry sand fracturing technology,
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