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china latest news about What's Affecting Oil Prices This Week? (April 24, 2017)

What's Affecting Oil Prices This Week? (April 24, 2017)

[2017-04-25 16:51:18]
For the upcoming week, Stratas Advisors is forecasting the price of Brent crude will move upward, testing $52.65. The firm also expects that the Brent-West Texas Intermediate (WTI) differential will trade in the range of $2.30 and $2.80 with respect to the June contract. The week of April 17 saw a ... Read More
china latest news about Oil stockpiles grow despite OPEC's cuts

Oil stockpiles grow despite OPEC's cuts

[2017-04-25 16:37:02]
HOUSTON (Bloomberg) -- When OPEC and Russia meet next month to assess the impact of their oil cuts they face a surprising outcome: stockpiles are even higher than when they started. Inventories have started to decline, but by the time ministers gather in Vienna on May 25, developed nations still won... Read More
china latest news about Lukoil produces 2 million tonnes at Vladimir Filanovsky field

Lukoil produces 2 million tonnes at Vladimir Filanovsky field

[2017-04-25 16:33:01]
MOSCOW -- LUKOIL has reached another milestone with 2 million tonnes of oil, produced at Vladimir Filanovsky field in the Caspian Sea. As of today, hydrocarbons are extracted through four horizontal production wells of the fixed offshore ice-resistant platform. The fifth wellis currently under ... Read More
china latest news about Shell and four European energy companies sign financing agreement with Nord Stream 2 AG

Shell and four European energy companies sign financing agreement with Nord Stream 2 AG

[2017-04-25 16:30:26]
THE HAGUE -- Shell and four European companies – ENGIE, OMV, Uniper and Wintershall – signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and future operation of the Nord Stream 2 pipeline. The 1,220-km pipeline will be able to transport a total ... Read More
china latest news about API: March petroleum demand highest since 2008

API: March petroleum demand highest since 2008

[2017-04-25 16:19:32]
WASHINGTON -- Total petroleum deliveries in March moved up 0.2% from March 2016 to average nearly 19.7 MMbpd. These were the highest March deliveries in nine years, since 2008. For the first quarter of 2017, total domestic petroleum deliveries, a measure of U.S. petroleum demand, were up 0.4% ... Read More
china latest news about Villagers in Russia's far east had a shock recently when they turned on their hot water taps to find oil flowing from them.

Villagers in Russia's far east had a shock recently when they turned on their hot water taps to find oil flowing from them.

[2016-11-04 15:55:58]
The local Yakutia Media website says a central heating system accident in the village of Chersky resulted in three tonnes of oil leaking into the water supply. The oil also made its way into a nearby river and contaminated the soil. A video on the Life news portal shows one villager filling a bucket ... Read More
china latest news about Petroleum Recources

Petroleum Recources

[2016-11-04 15:47:52]
Petroleum Recources Petroleum, consisting of crude oil and natural gas, seems to originate from organic matter in marine sediment. Microscopic organisms settle to the seafloor and accumulate in marine mud. The organic matter may partially decompose, using up the dissolved oxygen in the sediment. As ... Read More
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