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        The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
        logo

        The 26thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

        ufi

        BEIJING, China

        March 26-28,2026

        LOCATION:HOME> News> Industry News
        Industry News
        The following is the news list page
        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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        21 2020-05

        Alaskan and Canadian oil finds new Chinese buyers as their economy restarts

        CALGARY (Bloomberg) - Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels. The Sofia beca.........

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        19 2020-05

        Oil highest since March as Chinese demand reaches 13 MMbpd

        SINGAPORE (Bloomberg) - Oil rose to close at its highest in two months as demand in China returned to near pre-virus level and output curbs continued in the U.S. and elsewhere. Futures in Ne.........

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        18 2020-05

        U.S. shale’s quick response to falling oil prices is paying off

        CALGARY (Bloomberg) --In brokering the end to the global oil-price war last month, the Trump administration assured leaders that Americas shale patch would throttle back production. But few .........

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        15 2020-05

        China paying a premium for select crudes illustrates demand’s return

        (Bloomberg) --For a sneak peek at the return of Chinese oil demand, look no further than the rebound in price of the nations favorite grades. In the last few days a Chinese state-owned refin.........

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        08 2020-05

        Undercutting rivals helps Saudis grow share in key oil markets

        DUBAI (Bloomberg) --The uneasy truce that settled over oil markets this month as some of the worlds largest producers began cutting output belies the raging competition among exporters seeki.........

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        06 2020-05

        Oil at $30 may be enough to revive shale activity, say drillers

        HOUSTON (Bloomberg) --A pair of prominent shale producers said all they need is oil around $30 a barrel to consider bringing back curtailed crude output and fracing new wells. Diamondback En.........

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        30 2020-04

        Ample storage and a recovering China insulate Petrobras from the oil glut

        RIO DE JANEIRO (Bloomberg) --Petrobras, Brazils state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage.........

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        28 2020-04

        Westermo industrial Ethernet switch wins Red Dot Product Design Award 2020

        Westermo has received the 2020 Red Dot product design award for its ultra-compact and robust Lynx 5512 industrial Ethernet Switch, designed by Kim Trmnen. The Red Dot award is an internation.........

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        26 2020-04

        Continental Resources declares force majeure on some oil deliveries

        WASHINGTON (Bloomberg) --Shale explorer Continental Resources Inc. told at least one refiner it couldnt make an oil delivery after the global pandemic sent prices plunging, a move refiners c.........

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        23 2020-04

        Oil rout looks to break shale’s global oil dominance

        HOUSTON (Bloomberg) --A historic crash in crude prices is driving U.S. shale into full-on retreat with operators halting new drilling and shutting in old wells, moves that could cut output b.........

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        22 2020-04

        Oil price collapse spreading as June WTI futures drop 24%, Brent falls

        LONDON (Bloomberg) --The meltdown in oil markets widened, with huge losses spreading beyond contracts affected by technical anomalies as the world runs out of places to store unwanted crude..........

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        24 2020-03

        Oil slips as OPEC-Texas agreement looks less likely

        SINGAPORE (Bloomberg) - Oil dropped toward the lowest level since 2003 as prospects for a deal between OPEC and Texas to limit production appeared to fade, while a U.S. coronavirus rescue pa.........

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