- Five Major Challenges Facing The Energy Industry
- Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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142019-09
- US crude prices sink 2.7%, settling at $46.57, as Harvey hits US refiners
- U.S. crude oil futures nearly 3 percent on Monday, but gasoline prices surged to two-year highs as Tropical Storm Harvey kept hammering the U.S. Gulf Coast, knocking out several refineries which backed up crude supplies and disrupted fuel production.
Massive floods caused by the storm forced refineries in the area to close. In turn, U.S. crude futures fell as the refinery shutdowns could reduce demand for American crude.
132019-09
- Harvey Could Drag Down Brent, Analysts Say
- With U.S. crude export capacity already constrained by Tropical Storm Harvey, any long-term refinery outages could not only end up dragging WTI crude lower but also Brent, accroding to analysts at Bank of America Merrill Lynch. The"weakness in WTI will encourage more U.S. crude exports and fewer imports, even briefly drag down Brent to $47/bbl,"the analysts predicted in a note Thursday.
--News from www.sinopecnews.com.cn
112019-09
- Oil prices increase on expectations of extended production cuts
- Oil futures increased for a fifth day, rising to their highest in nearly six weeks, on expectations that OPEC and other producing countries could agree to expan
092019-09
- Crude oil futures higher on expected US crude stock draw, OPEC cuts
- Crude oil futures were higher during mid-morning trade in Asia Tuesday amid an expected draw in last week's US crude inventory, while reassurance from Saudi Ara
072019-09
- Crude oil futures sustain overnight gains, looks to EIA data
- Crude oil futures were higher during mid-morning trade in Asia Thursday, continuing to build on overnight gains which saw oil futures contracts on both internat
052019-09
- India and Russia Sign Energy Deals
- India and Russia have agreed on a five-year roadmap to step up cooperation in the hydrocarbon sector, including investment, not only in exploration and prod
042019-09
- SIBUR and Gazprom sign agreement for LPG supply
- At the Eastern Economic Forum, SIBUR and Gazprom entered into a preliminary agreement setting out the key commercial terms for the supply of LPG from Gazprom&rs
022019-09
- New Mexico Oil And Gas Industry Set To Break Records
- New Mexico is set to continue its breakneck pace for revenue growth from its oil and gas industry, and is expected to add $174 billion in infrastructure to supp
312019-08
- World’s Largest EV Markets Face Slowdown
- For electric vehicle sales to reach a solid share of global auto sales, serious growth surges will need to happen.Monthly sales worldwide fell 14 percent in key
292019-08
- Many Oil Firms Interested To Explore Norway’s Mature Areas
- A total of 33 oil companies have applied for licenses in Norway’s 2019 licensing round for exploration and development in mature areas on the country&rsqu
