Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the oil market.
2021/06/25 15:13
Solid oil demand is driving up the spot crude prices in every part of the world.
Oil Prices Set To Head Even Higher As Market Tightens
Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.
2021/06/24 10:30
Oil Climbs Higher On Bullish EIA Data
Oil Climbs Higher On Bullish EIA Data
Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18.
2021/06/24 10:21
Will Canada’s Oil Sands Survive The Green Revolution?
“Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps,” Reuters reported this week. A typical barrel of oil derived from the thick crude bitumen that naturally occurs in the Albertan oil sands (an energy-intensive process) emits three to five times more greenhouse gas emissions than the global average.
2021/06/24 10:08
Oil Prices Hit Multi-Year High Following Iranian Elections
Oil Prices Hit Multi-Year High Following Iranian Elections
Crude oil prices clambered upward on Monday afternoon as the market feared that Iran nuclear talks may be stalled after hardliner Ebrahim Raisi won the Iranian presidential election.
2021/06/23 14:20
Can The Middle East Survive Without Oil?
Can The Middle East Survive Without Oil?
Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to make any progress on this. This is what Moody’s forecast in a recent report, as quoted by Reuters, noting that this reliance on oil revenues would be the “key credit constraint” for the six members of the Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
2021/06/23 14:10
How Much Oil Can Saudi Arabia Really Produce?
How Much Oil Can Saudi Arabia Really Produce?
For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s only source of real power in the world begins and ends with its oil reserves and production, so the higher these numbers, the more the power, and the lower the number the less the power.
2021/06/23 12:01
China Reports Major Oil And Gas Find At Record Depths
China Reports Major Oil And Gas Find At Record Depths
China National Petroleum Corporation has made an oil and gas discovery with reserves estimated at 900 million tons, Chinese media reported.

The discovery was made after six years of exploration work in the Tarim Basin in the Xinjiang Uygur Autonomous Region, northwestern China. The geology of the formation is challenging, the report said, requiring ultra-deep drilling, at a record 8,470 meters.
2021/06/22 10:52
Oil Prices Surge Amid Supply Decline Expectations
Oil jumped by the most in a month amid a weaker dollar and as key timespreads surged with expectations for further supply declines at the biggest storage hub in the U.S.
2021/06/22 10:11
BofA Says Oil May Hit $100 Next Year
BofA Says Oil May Hit $100 Next Year
Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.
2021/06/22 10:04
FORCED GAS LIFTING OIL PRODUCTION SYSTEM
1 billion-ton ultra-deep oil and gas province discovered in Tarim Oilfield
The reporter learned from the Tarim Oilfield Branch of China National Petroleum Corporation on the 20th: The Tarim Oilfield has drilled 56 100-ton wells in the Fuman Oilfield, and found out the geological laws of the oil and gas reservoirs in the Fuman region, and found a 1 billion tons. This is the largest oil exploration discovery in the Tarim Oilfield Basin in the past 10 years.
2021/06/21 09:40
Oil Prices Fall As The Fed Changes Its Tune
Oil Prices Fall As The Fed Changes Its Tune
Oil prices sank on Thursday as the Fed’s hawkish comments sent the dollar higher.

Crude oil is down more than 1% on Thursday afternoon, with WTI falling 1.32% at $71.20 per barrel, and Brent down 1.57% to $73.22. Both prices are still up on the week, but down nearly $2 from Wednesday highs.
2021/06/18 17:40
Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
Fracking Pioneer Hamm: $100 Oil ‘’Sure Is Possible’’
$100 a barrel oil “sure is possible,” Harold Hamm, executive chairman at Continental Resources, told FOX Business on Thursday, commenting on oil prices and supply and demand on the oil market.
Solid oil demand is driving up the spot crude prices in every part of the world.
Oil Prices Set To Head Even Higher As Market Tightens
Solid oil demand is driving up the spot crude prices in every part of the world. This is a clear indication that the physical oil market is finally catching up with the recent rally in the paper market.
Oil Climbs Higher On Bullish EIA Data
Oil Climbs Higher On Bullish EIA Data
Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18.
Will Canada’s Oil Sands Survive The Green Revolution?
“Canadian oil industry’s carbon emissions are among the world’s highest for every barrel of oil it pumps,” Reuters reported this week. A typical barrel of oil derived from the thick crude bitumen that naturally occurs in the Albertan oil sands (an energy-intensive process) emits three to five times more greenhouse gas emissions than the global average.
Oil Prices Hit Multi-Year High Following Iranian Elections
Oil Prices Hit Multi-Year High Following Iranian Elections
Crude oil prices clambered upward on Monday afternoon as the market feared that Iran nuclear talks may be stalled after hardliner Ebrahim Raisi won the Iranian presidential election.
Can The Middle East Survive Without Oil?
Can The Middle East Survive Without Oil?
Gulf oil producers are finding it difficult to diversify their economies away from their biggest export revenue contributor, and it may take them at least a decade to make any progress on this. This is what Moody’s forecast in a recent report, as quoted by Reuters, noting that this reliance on oil revenues would be the “key credit constraint” for the six members of the Gulf Cooperation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
How Much Oil Can Saudi Arabia Really Produce?
How Much Oil Can Saudi Arabia Really Produce?
For decades, the true numbers relating to Saudi Arabia’s level of crude oil reserves and production have been a subject of much debate and confusion, not helped by the obfuscation from the Saudis over precisely what these numbers are. The reason for obfuscation is that Saudi Arabia’s only source of real power in the world begins and ends with its oil reserves and production, so the higher these numbers, the more the power, and the lower the number the less the power.
China Reports Major Oil And Gas Find At Record Depths
China Reports Major Oil And Gas Find At Record Depths
China National Petroleum Corporation has made an oil and gas discovery with reserves estimated at 900 million tons, Chinese media reported.

The discovery was made after six years of exploration work in the Tarim Basin in the Xinjiang Uygur Autonomous Region, northwestern China. The geology of the formation is challenging, the report said, requiring ultra-deep drilling, at a record 8,470 meters.
Oil Prices Surge Amid Supply Decline Expectations
Oil jumped by the most in a month amid a weaker dollar and as key timespreads surged with expectations for further supply declines at the biggest storage hub in the U.S.
BofA Says Oil May Hit $100 Next Year
BofA Says Oil May Hit $100 Next Year
Oil may surge to $100 a barrel next year as travel demand rebounds, Bank of America Corp. said, the strongest call yet among major forecasters for a return to triple digits.
FORCED GAS LIFTING OIL PRODUCTION SYSTEM
1 billion-ton ultra-deep oil and gas province discovered in Tarim Oilfield
The reporter learned from the Tarim Oilfield Branch of China National Petroleum Corporation on the 20th: The Tarim Oilfield has drilled 56 100-ton wells in the Fuman Oilfield, and found out the geological laws of the oil and gas reservoirs in the Fuman region, and found a 1 billion tons. This is the largest oil exploration discovery in the Tarim Oilfield Basin in the past 10 years.
Oil Prices Fall As The Fed Changes Its Tune
Oil Prices Fall As The Fed Changes Its Tune
Oil prices sank on Thursday as the Fed’s hawkish comments sent the dollar higher.

Crude oil is down more than 1% on Thursday afternoon, with WTI falling 1.32% at $71.20 per barrel, and Brent down 1.57% to $73.22. Both prices are still up on the week, but down nearly $2 from Wednesday highs.

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.