crude oil production articles & resources on Made-in-China.com

March Crude Throughput Rises 6% on Year

Apr 18, 2017

China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...

Tags: crude refinery, Oil

Oil Prices to Remain Low Well Into 2016

Dec 29, 2015

Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...

Tags: Oil Prices, Crude Oil

China's Price Move Signals Discomfort with Plunge

Dec 21, 2015

The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...

Tags: oil product, crude oil

China's Refinery Throughput Rose 4.3% Year on Year

Aug 13, 2015

China's refinery throughput rose 4.3% year on year to 43.54 million mt or an average 10.30 million b/d in July, preliminary data from the National Bureau of Statistics showed Wednesday. The July rate was down slightly from 10.59 million ...

Tags: Refinery, oil demand

USW Obiected to Lifting The Long-Standing Crude Oil Export Ban

Aug 3, 2015

Leo W. Gerard, international president of the United Steelworkers (USW), has testified before the US Senate Banking, Housing and Urban Affairs Committee, reiterating his opposition to lifting the long-standing crude oil export ban, ...

Tags: crude oil, export ban

Omani Plant TMK Gulf International Pipe Industry Received an Order for 18,400 Mt of OCTG

Aug 12, 2014

Russia-based TMK, one of the world's leading oil and gas steel pipe producers, has announced that its Omani plant TMK Gulf International Pipe Industry (TMK GIPI) recently received an order for 18,400 mt of OCTG (threaded and coupled casing ...

Tags: TMK, Gulf International Pipe Industry, Order

US Crude Stocks Jumped 10 Million Barrels Last Week,Puts Stocks at a 7.4% Surplus

Apr 18, 2014

US crude stocks jumped 10 million barrels last week -- the largest build in 13 years -- on a surge in imports and lower refinery run rates in the US Gulf Coast, data from the US Energy Information Administration showed Wednesday. The ...

Tags: Crude Stocks, lower refinery

The US Will Sell 5 Million Barrels of Sour Crude From Its Strategic Petroleum Reserve

Mar 14, 2014

The US will sell 5 million barrels of sour crude from its Strategic Petroleum Reserve as part of a test sale to evaluate its ability to distribute oil in the event of an emergency, the Department of Energy said Wednesday in a Notice of ...

Tags: Sour Crude, Department of Energy

The Drop in Net Imports of Oil Was The Major Contributor to The United States

Feb 28, 2014

The drop in net imports of oil (crude and petroleum products combined) was the major contributor to the United States reaching its lowest net trade deficit in November 2013 since 2009, although the trade deficit increased in the final month ...

Tags: lowest net trade deficit, stagnating domestic product demand

Iraq Aims to Boost Its Oil Exports by Nearly 26% to 3.4 Million B/D in 2014

Feb 28, 2014

Iraq aims to boost its oil exports by nearly 26% to 3.4 million b/d in 2014, a senior official said Wednesday. "Exports reached more than 2.7 million b/d this month, and the rate [that] is planned for 2014, including exports from the ...

Tags: Crude Oil, Mineral

South Texas' Giant Eagle Ford Shale Was The Best Asset for Big US Upstream Operator EOG

Feb 27, 2014

South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...

Tags: Eagle Ford, Oil Growth

Norwegian Crude Oil Production in January Averaged 1.568 Million B/D of Oil

Feb 19, 2014

Norwegian crude oil production in January averaged 1.568 million b/d of oil, up 5.7% from 1.484 million b/d for January 2013, according to preliminary figures released Friday by the Norwegian Petroleum Directorate. The latest figure also ...

Tags: Oil Output, Mineral

China Is Expected to Continue Increasing Energy Efficiency This Year

Feb 7, 2014

China is expected to continue increasing energy efficiency this year, resulting in muted growth in oil and coal consumption, according to new projections unveiled by the National Energy Administration on Friday. Total energy consumption ...

Tags: NEA, Five-Year Plan, coal-to-gas production, FYP

Thailand's Crude Oil Increased in The First 10 Months of 2013

Jan 6, 2014

Thailand's crude oil, condensate and natural gas production increased in the first 10 months of 2013 compared with the same period of 2012, but the growth rate has slowed considerably, according to the latest energy ministry data. Crude ...

Tags: Oil, Gas Output

Dana Gas Has Received From The Egyptian Government Authorities The Payment

Dec 30, 2013

Dana Gas, the Middle East's leading regional private sector natural gas Company, announced today that it has received from the Egyptian Government authorities the payment of AED 194 million (US$ 53 million) from the current total ...

Tags: Dana Gas, AED, Egyptian Government, Investment

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