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  • Cold winter of oil & gas industries
    2015-01-05

    American media Wall Street Journal reported BP in talks with Rosneft over stake in Siberian Oil Field. Since the second half of 2014, energy prices continued to drop, a sharp decline happened in profits of major oil companies. Right now, the recent sharp depreciation of the ruble worse the situation of Rosneft. Recently, Rosneft requested 250 billion rubles to Russia of funding for their projects.

    For a long time, a misunderstanding spreads in oil & gas market. It says energy prices rise over time to maintain a long-term trend. The most common argument is crude oil resources are limited. However, over past few months, crude oil price has fallen more than 40 percent, right now in the level of November 1979. This makes oil & gas industry companies have held together against weakness & poor performance in the oil market. It is believed that cold winter of oil & gas has approached.

    Luoyang Deping Technology Co., Ltd. specialized in pipeline construction equipment manufacture for nearly 10 years. With strong product design and manufacture ability and high innovation, our products, include all-hydraulic paywelder (welding tractor), internal pneumatic line up clamp and pipe facing machine etc., shares high reputation in the worldwide. At this tough time, Luoyang Deping continues to increase R & D effort and strength competitiveness in order to seek new development.

    Luoyang Deping Technology Co., Ltd. believes cold winter will come to an end in a short time.

    Luoyang Deping

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