News

Oil prices extend gains amid U.S. inventory data

NEW YORK, Dec. 20 (Xinhua) -- Oil prices kept rising Wednesday as official data showed a larger-than-expected drop in U.S. crude stockpiles. The West Texas Intermediate for February delivery increased 0.53 U.S. dollar to settle at 58.09 dol......【more】

2018-01-12

Belarus expects to restore supplies of 24 mln tonnes of Russian oil per year

MINSK, April 4 (Xinhua) -- Russia will restore oil supply volumes to the previous level no later than April 13, Belarusian Deputy Prime Minister Vladimir Semashko said on Tuesday."Russia will resume oil supplies to Belarus in the amount of 2......【more】

2018-01-08

Malaysian offshore cranes manufacturer partners Chinese firm to offer oil, gas solutions

KUALA LUMPUR, Dec. 4 (Xinhua) -- Malaysian oil and gas cranes manufacturer has partnered with Chinas Harbin Jingwei Advanced Composite Material and Engineering Corporation (Harbin Jingwei), to jointly undertake research, development and dep......【more】

2018-01-03

China to step up oil, gas exploration to ease reliance on imports

KUALA LUMPUR, Dec. 4 (Xinhua) -- Malaysian oil and gas cranes manufacturer has partnered with Chinas Harbin Jingwei Advanced Composite Material and Engineering Corporation (Harbin Jingwei), to jointly undertake research, development and dep......【more】

2018-01-02

Oil prices fall on profit-taking

NEW YORK, Dec. 4 (Xinhua) -- Oil prices retreated on Monday, as investors were looking for excuses to lock in gains after recent solid gains. The West Texas Intermediate for January delivery decreased 0.89 U.S. dollar to settle at 57.47 dol......【more】

2017-12-18

Oil prices slip after recent gains

NEW YORK, Dec. 12 (Xinhua) -- Oil prices retreated on Tuesday after surging over one percent in the previous session.The West Texas Intermediate for January Delivery lost 0.85 dollar to settle at 57.14 dollars a barrel on the New York Mercan......【more】

2017-12-15

Oil prices rebound amid short-covering

NEW YORK, Dec. 7 (Xinhua) -- Oil prices rose more than 1 percent on Thursday, as investors covered short positions after sharp losses in the previous session.The West Texas Intermediate for January delivery increased 73 U.S. cents to settle......【more】

2017-12-08

INTEGRATED OIL/REFINING:ENERGY SUMMIT TAKEAWAYS

We hosted our annual Boston Energy Conference this week, with 18 corporatesacross Integrateds, EPs, Refiners and Service companies in attendance. Whilesentiment could be described as cautiously optimistic across both corporatemanagements an......【more】

2017-11-27

S.Korea's import prices rise for 2 months on expensive crude oil

SEOUL, Sept. 13 (Xinhua) -- South Korea s import prices rose for the second consecutive month through August on more expensive crude oil, central bank data showed Wednesday. The import price index, which is reflected in headline inflation w......【more】

2017-11-20

PAJ chief dismisses likelihood of OPEC to make additional oil output cut soon

Petroleum Association of Japan president Yasushi Kimura said Monday that he does not expect OPEC to make an additional production cut soon as the group should be monitoring oil markets, following its May decision with non-OPEC producers to......【more】

2017-11-16

Oil markets firm on Middle East tensions, but US drilling caps gains

SINGAPORE, Nov 13 (Reuters) - Oil markets opened the week cautiously on Monday amid ongoing tensions in the Middle East and after a rising rig count in the United States suggested producers there are preparing to increase output. Brent crud......【more】

2017-11-14

China, Bangladesh sign framework agreement on oil pipeline project

DHAKA, Oct. 29 (Xinhua) -- The Bangladeshi government signed a framework agreement with China on Sunday for construction of a 220-km pipeline to carry oil from tankers in the Bay of Bengal to storage plants on the mainland. Bangladeshs Econ......【more】

2017-11-10

Oil prices extend gains after U.S. oil rigs fall

NEW YORK, Nov. 3 (Xinhua) -- Oil prices kept rising on Friday after the U.S. oil rig count decreased to the lowest level since May. The West Texas Intermediate for December delivery increased 1.10 U.S. dollars to settle at 55.64 dollars a b......【more】

2017-11-07

U.S. oil price rise amid Saudi comments

NEW YORK, Oct. 26 (Xinhua) -- Oil prices climbed on Thursday as key oil exporter Saudi Arabia vowed to end a global supply glut. Oil prices erased earlier losses as Saudi comments offset a surprise build of U.S. oil inventories. Saudi energ......【more】

2017-10-31

Oil workers make "heart" of China's largest desert green and vibrant

By Zhao Tianshu, Gu Yu, Bai Jiali, Xue Yanwen In the hinterland of Chinas largest desert Taklamakan, theres not just wind and sand. In Tazhong Township, or center of Taklamakan, oil workers and scientists have brought green to the desert af......【more】

2017-10-30