The OPEC + meeting decided to continue to maintain the production increase plan formulated in early April. After the production increase in May and June, the total production increase was 841000 barrels per day in July. However, it is expected that global demand may recover more than seasonally from July to August. Therefore, it is

In order to thoroughly implement the spirit of the Fifth Plenary Session of the 19th CPC Central Committee and the deployment of the outline of the 14th five year plan, and deepen the price mechanism reform in key areas during the 14th Five Year Plan period, the national development and Reform Commission recently issued the

Analysts say multiple pressures from domestic and international markets have cooled commodity prices. On the one hand, the domestic multi-party intensive efforts to maintain the stable operation of commodity prices. The two recent executive meetings of the State Council both mentioned the issues related to the price rise of bulk commodities. The executive meeting of

At this stage, energy storage is not the only new energy auxiliary project. In order to pursue economy, enterprises are likely to adopt thermal power peak shaving, and new energy enterprises are not the only beneficiaries of energy storage power station construction, and their rights and responsibilities are not equal. Previously, the national development and

OPEC issued a statement on the 27th, saying that the ministerial meeting of OPEC and non OPEC oil producing countries decided to continue to implement the plan of gradually increasing production from May to July formulated in early April. At the beginning of April, OPEC and non OPEC oil producing countries agreed to increase production

Rystad, Norway’s largest independent energy consulting firm, said on Wednesday that the rapid spread of electric vehicles around the world could lead to global oil demand peaking two years earlier than previously expected. Rystad Energy said that global demand is currently expected to reach a peak of 101.6 million B / D in 2026, lower

Vigorously developing renewable energy is not only an important support to promote green and low-carbon development, but also an important measure for China to cope with climate change and fulfill international commitments. In recent years, China’s wind power, photovoltaic power generation and other industries have developed rapidly. By the end of 2020, the installed capacity

Goldman Sachs said the potential recovery of Iran’s exports would not be an “external” shock to the oil market, and that it is expected that Iran’s crude oil exports will not fully recover until the summer of 2022, as U.S. and Iranian officials began indirect negotiations on the Iran nuclear agreement in Vienna on Tuesday.

Recently, freepoint commodities Singapore PTE. Ltd., a wholly-owned subsidiary of freibo group, one of the world’s leading fuel oil suppliers, and CHIMBUSCO International Petroleum (Singapore) Co., Ltd Pte.Ltd , China Merchants Energy Trading (Singapore) PTE. Ltd. and COFCO international freight SA signed the marine fuel oil supply contract based on the low sulfur fuel oil

Although problems with the European vaccine program and slowing crude oil purchases caused futures prices to fall more than 7% last Thursday, data from around the world showed that demand was recovering steadily, albeit intermittently. A year ago, billions of people were trapped at home because of the epidemic, and idle jetliners were parked on