Although much of the market’s attention has been focused on how fast gasoline demand will recover, the decline in economic and manufacturing activity around the world has led to an oversupply of distillates, including diesel, gasoline and aviation fuel. In the face of an unprecedented drop in aviation fuel demand during the outbreak, refiners have

“It is expected that by 2050, the structure of the global energy system will undergo a fundamental adjustment, and competition among different fuel types will become more intense.” On September 14, BP (hereinafter referred to as BP) released a new “BP World Energy Outlook (2020 Edition)” (hereinafter referred to as “Outlook”) to make the above

Due to the impact of the covid-19 pandemic, global oil demand is likely to decline by 9-10 million barrels per day (BPD) this year, adding that there is still room for further price recovery. This is in line with OPEC’s forecast last month, when global oil demand plummeted by 9.06 million barrels this year. Oil

According to the 2020 power transition trend report released by bnef of new energy finance and economics, it is found that solar energy has made great progress in the past decade, and its installed capacity has increased from 43.7 GW in 2010 to 651 MW by the end of 2019, which also exceeds the installed

Although the oversupply of purified terephthalic acid (PTA) in Asia has eased recently, with a large number of new capacity coming into use, market participants expect that the market may be surplus again in the near future, and the market will fall into a downturn. China’s PTA oversupply eased in August because of planned maintenance

Saudi Aramco is optimistic about the pace of recovery in Asian crude oil demand, which will help push oil prices higher, said Amin Nasser, chief executive of Saudi Aramco, the world’s largest crude oil producer and exporter. Nasser spoke in a statement after Saudi Aramco released its second quarter results over the weekend. “We are

Ethylene contract settlement prices for most U.S. market participants rose by 1.0 cents / pound in July due to cracking unit problems restraining supply and continued to recover demand, affected by rising spot prices and cash costs. The contract price is the third consecutive increase since it bottomed out in April, when oil prices plummeted

According to novel coronavirus pneumonia cases reported in August 4th, the Arab News reported that the global new crown pneumonia cases were increasing, and OPEC and its allies expected to cut production scale, which caused worries of oversupply. While the positive data of manufacturing in Europe and Asia offset these negative effects, oil prices stabilized.

According to reports, the data released recently by the world bank’s “reducing global natural gas burndown partners” shows that the global natural gas burn off volume has increased to the highest level in more than a decade, reaching 150 billion cubic meters, equivalent to the total annual natural gas consumption in sub Saharan Africa. According

According to a recent report by PwC’s Strategy & Middle East, global demand for green hydrogen will reach about 530 million tons by 2050, replacing about 10.4 billion barrels of oil equivalent (about 37% of global oil production before the outbreak). Meanwhile, the report shows that by 2050, the annual value of green hydrogen export