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

Unless governments act quickly to meet climate targets, global oil demand will return to pre pandemic levels in two years and reach a record high in 2026, according to the International Energy Agency. The oil market and the world economy are recovering from a massive collapse in demand caused by the coronavirus pandemic, the IEA

According to a World Bank report, energy transformation requires 3 billion tons of metals and minerals. The report also noted that by 2050, demand for materials such as copper, lithium, cobalt and graphite would increase by 500 per cent. Some of these metals, copper, are already close to the supply less than demand. Copper prices

On March 2, the International Energy Agency (IEA) issued a communique saying that global carbon emissions will rise further in 2021. The novel coronavirus pneumonia slowed down economic activity, and global carbon emissions decreased by 5.8% in 2020, but it began to rebound at the end of 2020. According to the communique, global carbon emissions

The global hydrogen industry will develop rapidly in 2020, especially the “green hydrogen” produced from renewable energy will become the preferred green fuel in the future. Statistics show that last year, the world announced a total of more than 150 billion US dollars of “green hydrogen” project. A few days ago, German Grand Falls Power