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Crude oil prices rise due to expectations on oversupply

2015-11-06 01:00:00| Offshore Technology

Crude oil prices have increased after analysts said that the supply glut and a strong dollar would continue to put pressure on markets.

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Wood Group to provide engineering services for Fairway Energys crude storage facility in US

2015-11-05 01:00:00| Hydrocarbons Technology

US-based Fairway Energy Partners has selected Wood Group to provide engineering, design and procurement services for the companys Pierce Junction Crude Oil Storage facility to be built in south Houston.

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Crude oil futures under pressure due to oversupply concerns

2015-11-03 01:00:00| Offshore Technology

Crude oil futures have been under pressure due to worries over a global oversupply.

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UPDATE 1-China more than doubles 2016 non-state crude import quota to 1.75 mln bpd

2015-10-31 05:10:48| Oil & Gas - Topix.net

China has more than doubled its non-state crude oil import quota for 2016 to 87.6 million tonnes, or 1.75 million barrels per day , as Beijing seeks to boost competition and attract private investment in its oil industry. The 2016 quota issued by the Ministry of Commerce on Friday compared to this year's figure of 37.6 million tonnes.

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Crude futures remain steady despite oversupply

2015-10-30 01:00:00| Offshore Technology

Crude futures remained steady around $49 on Friday posting the first weekly gain in three weeks despite oversupply.

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