The unveiling ceremony of the cooperation between Weima Pumps Manufacturing Co.,Ltd. and Jinan University was successfully held
On the afternoon of June 29, the unveiling ceremony of the cooperation between Shandong Weima Pump Co., Ltd. (hereinafter referred to as Weima Pump) and Jinan University was successfully held in Weima Pump. Ma Baozhong, chairman of Weima Pump Industry, and Zhang Shiqiang, president of Jinan University, attended the unveiling ceremony.
2022/12/09 10:07
Europe Can’t Count On U.S. Shale To Make Up For Russian Crude
EU crude imports from Russia are set to plunge after the import ban of seaborne crude oil on December 5th.
Oil production growth in the U.S. is flattening for a number of reasons.
U.S. crude exports to the EU can only replace a small portion of Russian/OPEC crude.
2022/12/06 18:45
Cocaine Conflict Is Causing A Crisis For Colombia’s Oil Industry
Colombia’s oil industry is facing multiple headwinds, including higher taxes, plans to end exploration, and its crude reserves running out.
Perhaps the largest headwind is the violence associated with the country’s cocaine trade, as its largest oil-producing areas are also coca-cultivating regions
In Colombia, oil is responsible for 3% of the gross domestic product, 12% of national income, a third of foreign investment, and 34% of total exports by value.
2022/12/02 17:10
Oil Prices Extend Losses After EIA Inventory Data Release
Crude oil prices fell today, even after the U.S. Energy Information Administration reported inventories of oil had shed 3.7 million barrels over the week to November 18.
2022/11/26 17:16
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
The approval comes amid suggestions from Democrats in Congress that the U.S. should curb oil exports to secure local supply.
The project involves building a terminal about 30 miles south of Freeport, in Surfside.
2022/11/26 17:14
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
At the UN climate summit in Egypt, U.S. Republicans have argued that the cleanest oil in the world comes from the United States.
Lousiana Republican Representative Garret Graves: If we are going to be increasing global demand of oil and gas we must ensure that the extraction, exploration and production activities are occurring in places where we have the lowest emissions per unit of energy.
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
2022/11/14 11:30
U.S. oil companies are warning of a slowdown in production growth.
U.S. oil companies are warning of a slowdown in production growth.
Inflation, labor shortages and supply chain issues are fueling uncertainty in the industry.
As the market braces for a rocky road ahead, U.S. oil companies will likely remain cautious for the foreseeable future.
2022/11/08 08:53
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Scotiabank's Paul Cheng: the best hedge for oil and gas companies is a strong balance sheet.
U.S. shale producers will suffer a staggering $42 billion in hedging losses in 2022
2022/11/04 15:58
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
U.S. President Biden has three key strategies in place to lower oil prices.
The first and foremost strategy is the implementation of the NOPEC bill.
The second pillar of the plan is to release more crude from the U.S. SPR.
The third element of the plan to bring oil prices down is to be a concerted effort to encourage U.S. oil firms, shale or otherwise, to increase their production.
2022/10/28 16:34
Oil Jumps Despite Major Crude Inventory Build
Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 9.9 million barrels for the week to October 7, but the move lower didn't last long.
2022/10/17 10:00
U.S. Refiners Are Preparing For A Potential Fuel Export Ban
U.S. refiners have been bracing themselves for the possibility that President Biden will impose some sort of fuel exports ban or restriction ahead of the mid-terms.
One industry executive said his company didn’t have a place to put the excess fuel, so would have to slow refinery runs and produce less diesel and gasoline.
Oil producers and energy experts have widely criticized the plan, suggesting that it could lead to job losses, productivity declines, and, in the long run, high prices.
2022/10/17 09:55
Permanent Magnet Motor
2022/10/10 16:38
The unveiling ceremony of the cooperation between Weima Pumps Manufacturing Co.,Ltd. and Jinan University was successfully held
On the afternoon of June 29, the unveiling ceremony of the cooperation between Shandong Weima Pump Co., Ltd. (hereinafter referred to as Weima Pump) and Jinan University was successfully held in Weima Pump. Ma Baozhong, chairman of Weima Pump Industry, and Zhang Shiqiang, president of Jinan University, attended the unveiling ceremony.
Europe Can’t Count On U.S. Shale To Make Up For Russian Crude
EU crude imports from Russia are set to plunge after the import ban of seaborne crude oil on December 5th.
Oil production growth in the U.S. is flattening for a number of reasons.
U.S. crude exports to the EU can only replace a small portion of Russian/OPEC crude.
Cocaine Conflict Is Causing A Crisis For Colombia’s Oil Industry
Colombia’s oil industry is facing multiple headwinds, including higher taxes, plans to end exploration, and its crude reserves running out.
Perhaps the largest headwind is the violence associated with the country’s cocaine trade, as its largest oil-producing areas are also coca-cultivating regions
In Colombia, oil is responsible for 3% of the gross domestic product, 12% of national income, a third of foreign investment, and 34% of total exports by value.
Oil Prices Extend Losses After EIA Inventory Data Release
Crude oil prices fell today, even after the U.S. Energy Information Administration reported inventories of oil had shed 3.7 million barrels over the week to November 18.
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
The approval comes amid suggestions from Democrats in Congress that the U.S. should curb oil exports to secure local supply.
The project involves building a terminal about 30 miles south of Freeport, in Surfside.
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
At the UN climate summit in Egypt, U.S. Republicans have argued that the cleanest oil in the world comes from the United States.
Lousiana Republican Representative Garret Graves: If we are going to be increasing global demand of oil and gas we must ensure that the extraction, exploration and production activities are occurring in places where we have the lowest emissions per unit of energy.
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
U.S. oil companies are warning of a slowdown in production growth.
U.S. oil companies are warning of a slowdown in production growth.
Inflation, labor shortages and supply chain issues are fueling uncertainty in the industry.
As the market braces for a rocky road ahead, U.S. oil companies will likely remain cautious for the foreseeable future.
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Scotiabank's Paul Cheng: the best hedge for oil and gas companies is a strong balance sheet.
U.S. shale producers will suffer a staggering $42 billion in hedging losses in 2022
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
U.S. President Biden has three key strategies in place to lower oil prices.
The first and foremost strategy is the implementation of the NOPEC bill.
The second pillar of the plan is to release more crude from the U.S. SPR.
The third element of the plan to bring oil prices down is to be a concerted effort to encourage U.S. oil firms, shale or otherwise, to increase their production.
Oil Jumps Despite Major Crude Inventory Build
Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 9.9 million barrels for the week to October 7, but the move lower didn't last long.
U.S. Refiners Are Preparing For A Potential Fuel Export Ban
U.S. refiners have been bracing themselves for the possibility that President Biden will impose some sort of fuel exports ban or restriction ahead of the mid-terms.
One industry executive said his company didn’t have a place to put the excess fuel, so would have to slow refinery runs and produce less diesel and gasoline.
Oil producers and energy experts have widely criticized the plan, suggesting that it could lead to job losses, productivity declines, and, in the long run, high prices.