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The 26thBeijing International Offshore Oil & Gas Exhibition

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March 26-28,2026

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Industry News
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17 2019-10

U.S. Gulf of Mexico crude oil production to continue to set records through 2020

WASHINGTON - U.S. crude oil production in the U.S. Federal Gulf of Mexico (GOM) averaged 1.8 MMbpd in 2018, setting a new annual record. The U.S. Energy Information Administration (EIA) expe.........

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15 2019-10

Oil short-selling more than doubles despite Mideast risks

CALGARY (Bloomberg) - Oil short-selling has more than doubled in three weeks, with attacks on oil facilities and tankers unable to push prices higher for very long. Hedge fund bets on a West.........

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14 2019-10

Abu Dhabi seeks to shift oil markets with its own crude benchmark

DUBAI (Bloomberg) - The Middle East produces a fifth of the worlds oil, but the regions never had a benchmark price that competes with Londons Brent or New Yorks WTI. That could be about to .........

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12 2019-10

Oil jumps above $60 as Iran tanker attack reignites Mideast risk

SINGAPORE (Bloomberg) - Oil jumped back above $60/bbl after reports of a missile strike on an Iranian tanker near the Saudi Arabian port city of Jeddah reignited fears over military escalati.........

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11 2019-10

Nigeria demands $62 billion from oil majors for past profits

ABUJA (Bloomberg) - Nigeria is seeking to recover as much as $62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share o.........

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09 2019-10

Jersey Oil and Gas details Buchan’s "significant" resources

ST. HELIER -- Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea. The AIM-quoted explorer .........

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08 2019-10

Oil moves higher as market eyes trade talks later this week

SINGAPORE (Bloomberg) - Oil gained after its biggest weekly slump since July ahead of the resumption of U.S.-China trade talks that may sway a cloudy demand outlook. Futures in New York adde.........

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30 2019-09

Pemex faces oil trading team exodus amid pricing review

MEXICO CITY (Bloomberg) Pemexs head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nations crude price formulas,.........

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29 2019-09

Pemex faces oil trading team exodus amid pricing review

MEXICO CITY (Bloomberg) Pemexs head of crude oil trading Victor Briones and two other executives left the company amid a conflict over an external review of the nations crude price formulas,.........

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26 2019-09

Oil holds declines after U.S. crude stocks rise for second week

NEW YORK (Bloomberg) - Oil held declines after the U.S. government reported a build in nationwide crude inventories for the second consecutive week. The Energy Information Administration sai.........

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24 2019-09

Oil stabilizes amid mixed reports over pace of Saudi recovery

NEW YORK (Bloomberg) - Oil stabilized as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production. Brent crude was little changed, after fa.........

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23 2019-09

Oil set for biggest weekly gain since January after Saudi attack

LONDON (Bloomberg) - Oil was on track for its biggest weekly increase since January as traders waited to see whether Saudi Arabia can fulfill promises to swiftly repair a critical processing.........

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20 2019-09

Oil rises amid doubts about speed of Saudi recovery from attacks

LONDON (Bloomberg) - Oil rose amid doubts about the speed of Saudi Arabias recovery from the weekends attack on its facilities that knocked out a large chunk of its production. Futures gaine.........

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19 2019-09

Saudis keep oil flowing as they patch up wounded industry

DUBAI (Bloomberg) - Saudi Arabia reassured anxious customers that crude exports will keep flowing as normal and its industry can recover quickly from the worst attack in its history. Crude p.........

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18 2019-09

Saudi Arabia partially restores output at damaged oil plant

DUBAI (Bloomberg) - Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially r.........

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