China is stepping up exploration and mining efforts to reduce imports

In recent years, China has intensified its exploration and mining efforts to improve its self-sufficiency in oil & gas.According to the data of CNPC, in 2018, China consumed 625 million tons of petroleum, imported 440 million tons, and relied on foreign

A country that uses oil to bathe

Speaking of the world's most famous oil country, I think everyone should first think of Saudi Arabia or the United Arab Emirates, but the beginning of the history of oil has to be counted from 1846. Before that, the major oil-producing countries in

Iran is expected to resume oil exports as oil prices fall

International oil prices fell slightly on Tuesday after US President Trump fired National Security Adviser Bolton, chief designer of Trump's tough stance on Iran, sparking speculation that Iranian crude oil exports would return to the market.

Oil prices are mainly affected by supply and demand and geopolitics

According to the price of crude oil from U.S. WTI, U.K. Brent and OPEC from 2016 to 2018, the oil market is integrated globally and the crude oil prices tend to be consistent. Short-term and medium-term crude oil prices are a reflection of major global

Five Processes for Crude Oil Treatment

Crude oil generally contains salt and water, which can cause corrosion of equipment. Therefore, before entering atmospheric vacuum pressure, crude oil should be desalinated and dehydratedfirst. In addition, a large amount of gas will be generated during

Key factors in promoting global oil & gas separation market

In recent years, the oilfield industry has developed rapidly and made tremendous contributions to the global economy. The demand for oil in various countries is also growing.With the development of global oil and gas exploitation, oil and gas separation

China's natural gas market possesses huge potential

A leading energy company in China says its demand for natural gas is rising due to energy restructuring and environmental protection policies.Those comments were made Monday at the CERAWeek of IHS Markit in Houston, Texas. Officials say the Chinese

Large oil exporting countries must achieveeconomic diversification

The International Energy Agency (IEA) said Thursday that the world's largest oil & gas producers are facing unprecedented pressure to reduce their dependence on energy revenues, due toadvances infuel efficiency and electric vehicles