China's state-owned crude oil refineries (Sinopec, PetroChina, CNOOC, and Sinochem) have increased their...
Chinese oil refineries run at over 100% capacity amid Covid-19
China's state-owned crude oil refineries (Sinopec, PetroChina, CNOOC, and Sinochem) have increased their crude oil refining rates from an average of 76% in May to 80% of capacity in June, as profit margins increase, a survey by energy analysis company S&P Global Platts showed.
Oil prices drop as Covid-19 resurgence weighs on recovery hopes
Oil prices have dropped as a resurgence of the Covid-19 cases across the globe weighs on fuel demand recovery hopes.
Oil prices fall amid demand recovery fears as US Covid-19 cases surge
Oil prices have inched lower after the US recorded its biggest one-day surge in Covid-19 cases adding concerns that the resurgence in cases would stall fuel demand recovery.
Non-Contact Rising Stem Ball Valve
Control Seal non-contact rising stem ball valves have a single-seat non-friction design that is able to operate and has proven an exceptional long-life span under extreme conditions.
Oil prices rise by 1% after sharp drop in US crude inventories
Oil prices have increased by 1% after the American Petroleum Institute (API) data showed more than expected fall in the US crude inventories.
Oil prices fall due to fuel demand recovery concerns
Oil prices have inched lower due to faded optimism on fuel demand recovery and the prospect of Libyan supply return.
Second FPSO starts production at presalt Iara cluster offshore Brazil
Total and consortium partners have announced the commencement of the floating production storage and offloading (FPSO) P-70 on the Iara cluster in the deepwater Santos Basin pre-salt in Brazil.
Oil prices slip as lockdowns may resume due to rise in Covid-19 cases
Oil prices have edged down as Covid-19 cases rose in the US and other countries, prompting some nations to restart partial lockdowns.
Petrobras commences production at Atapu pre-salt field offshore Brazil
Brazilian state-owned operator Petroleo Brasileiro (Petrobras) has started oil and gas production at the Atapu shared deposit in the eastern portion of the country's Santos basin.
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