It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday
Putin: $100 Oil Is “Quite Possible”
It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday
2021/10/14 13:36
In this month’s report, OPEC revised downward its 2021 estimate due to lower-than-expected actual data for the first three quarters of the year
OPEC Cuts 2021 Oil Demand Forecast
In this month’s report, OPEC revised downward its 2021 estimate due to lower-than-expected actual data for the first three quarters of the year
2021/10/14 13:31
OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live.
Platts: OPEC+ Is Producing Less Crude Than It's Supposed To
OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live.
2021/10/13 12:09
Global oil demand is on course to recover to pre-pandemic levels by the end of the year
Why $80 Oil Won't Destroy Demand
Global oil demand is on course to recover to pre-pandemic levels by the end of the year
2021/10/12 18:39
High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand
High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand
Oil prices have vaulted to multi-year highs after OPEC and other major producers opted last week against increasing output by more than previously agreed. However, it's the natural gas trajectory that has been hogging the limelight after gas prices surged more than 300% to trade at its highest levels since 2014, outpacing oil and many other commodities.
2021/10/11 18:17
A major focus for Saudi Arabia going forward is to retain its dominance across Asian oil markets
Saudi Arabia Eyes Oil Market Dominance As Prices Bounce Back
Saudi Arabia is finally recovering from a disastrous year in 2020, with its oil revenues surpassing pre-pandemic levels
2021/10/08 18:11
Small crude inventory build leaves oil prices mostly unaffected
Oil Unchanged On Small Crude Inventory Build
Small crude inventory build leaves oil prices mostly unaffected
2021/10/07 18:14
Aramco: Gas Crunch Boosts Oil Demand By 500,000 Bpd
Aramco: Gas Crunch Boosts Oil Demand By 500,000 Bpd
The natural gas crunch has increased global oil demand by 500,000 bpd, the chief executive of Saudi Aramco said at this week's Energy Intelligence Forum
2021/10/06 17:05
Arctic Oil Is Booming Despite Strong Opposition
Arctic Oil Is Booming Despite Strong Opposition
Arctic oil and gas drilling is enjoying strong interest—and not just from Russian companies—despite the political rush to transform the world’s energy systems and remove fossil fuels from them.
2021/09/29 18:26
OPEC Sees Global Oil Demand Growing Until 2035
OPEC Sees Global Oil Demand Growing Until 2035
OPEC: Global oil demand is expected to continue to grow into the mid-2030s to 108 million barrels per day.
2021/09/29 18:23
The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring
The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring
The European energy crisis is going global as the lack of natural gas supply begins to influence oil and coal markets.
2021/09/28 18:46
Hess: Massive Underinvestment In New Production Is A Major Wildcard For Oil
Hess: Massive Underinvestment In New Production Is A Major Wildcard For Oil
The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022, Greg Hill, president of U.S. oil producer Hess Corp, said on Monday.
2021/09/28 18:42
It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday
Putin: $100 Oil Is “Quite Possible”
It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday
In this month’s report, OPEC revised downward its 2021 estimate due to lower-than-expected actual data for the first three quarters of the year
OPEC Cuts 2021 Oil Demand Forecast
In this month’s report, OPEC revised downward its 2021 estimate due to lower-than-expected actual data for the first three quarters of the year
OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live.
Platts: OPEC+ Is Producing Less Crude Than It's Supposed To
OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live.
Global oil demand is on course to recover to pre-pandemic levels by the end of the year
Why $80 Oil Won't Destroy Demand
Global oil demand is on course to recover to pre-pandemic levels by the end of the year
High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand
High Natural Gas Prices Could Lead To 2 Million Bpd Extra Oil Demand
Oil prices have vaulted to multi-year highs after OPEC and other major producers opted last week against increasing output by more than previously agreed. However, it's the natural gas trajectory that has been hogging the limelight after gas prices surged more than 300% to trade at its highest levels since 2014, outpacing oil and many other commodities.
A major focus for Saudi Arabia going forward is to retain its dominance across Asian oil markets
Saudi Arabia Eyes Oil Market Dominance As Prices Bounce Back
Saudi Arabia is finally recovering from a disastrous year in 2020, with its oil revenues surpassing pre-pandemic levels
Small crude inventory build leaves oil prices mostly unaffected
Oil Unchanged On Small Crude Inventory Build
Small crude inventory build leaves oil prices mostly unaffected
Aramco: Gas Crunch Boosts Oil Demand By 500,000 Bpd
Aramco: Gas Crunch Boosts Oil Demand By 500,000 Bpd
The natural gas crunch has increased global oil demand by 500,000 bpd, the chief executive of Saudi Aramco said at this week's Energy Intelligence Forum
Arctic Oil Is Booming Despite Strong Opposition
Arctic Oil Is Booming Despite Strong Opposition
Arctic oil and gas drilling is enjoying strong interest—and not just from Russian companies—despite the political rush to transform the world’s energy systems and remove fossil fuels from them.
OPEC Sees Global Oil Demand Growing Until 2035
OPEC Sees Global Oil Demand Growing Until 2035
OPEC: Global oil demand is expected to continue to grow into the mid-2030s to 108 million barrels per day.
The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring
The Energy Crisis Is Sending Oil, Gas, And Coal Prices Soaring
The European energy crisis is going global as the lack of natural gas supply begins to influence oil and coal markets.
Hess: Massive Underinvestment In New Production Is A Major Wildcard For Oil
Hess: Massive Underinvestment In New Production Is A Major Wildcard For Oil
The oil industry is “massively underinvesting” in supply to meet growing demand, which is set to return to pre-COVID levels as soon as the end of 2021 or early 2022, Greg Hill, president of U.S. oil producer Hess Corp, said on Monday.

Zhongyuan Oilfield opens a new mode of intelligent brain 2.0 for oil wells

2020/06/17 16:40
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On June 17, at the Wen 72-129 well site of Wenliu Oil Production Plant in Zhongyuan Oilfield, production workers were debugging the parameters of the wellhead multi-parameter sensing device. This device is the latest monitoring device after upgrading. Compared with traditional digital pressure gauges and thermostats, this device overcomes the problems of poor performance, complex structure, and easy damage, and greatly improves work efficiency. At the same time, the “smart brain” of oil wells has been upgraded again. At present, the device has been widely promoted in oil fields. Since the application of this device, Wenliu Oil Production Plant alone has saved more than 1 million yuan in maintenance costs for digital pressure gauges and thermostats.