How to hedge the risk of oil price fluctuations against the escalation of geopolitical crises
Thursday, 10 October 2024
Driven by the expectation of resuming production after the voluntary reduction of OPEC+production,international crude oil prices continued to decline from early July until mid September when they stopped falling and rebounded.In the first week of October,the geopolitical crisis in the Middle East escalated,and international crude oil prices rose sharply,but did not return to the high
The EU’s green transition period will stimulate hydrogen fuel production
Monday, 30 September 2024
The EU will take measures to exclude Chinese made hydrogen electrolysis cells from the upcoming tender,which aims to stimulate the production of hydrogen fuel during the EU’s green transition period. According to a statement on Friday(September 27th),the European Commission,the executive body of the European Union,will conduct a second round of 1.2 billion euros(1.34 billion US
The United States invests $15 million in innovative clean hydrogen production systems
Friday, 27 September 2024
The US Department of Energy(DOE)has announced$15 million for the development of innovative systems for clean hydrogen production,which will support technologies to convert biomass and other waste into affordable low-carbon fuels. The Office of Fossil Energy and Carbon Management(FECM)of the US Department of Energy announced that it will provide up to$15 million in federal funding to
Continuous optimization of energy production structure
Friday, 20 September 2024
The series of reports on the economic and social development achievements of New China in the past 75 years released by the National Bureau of Statistics today shows that China’s energy production capacity has steadily improved and the foundation of supply guarantee has been continuously strengthened over the past 75 years.In 1949,the total production of
The global biofuel industry is entering the fast lane of development
Saturday, 14 September 2024
According to the World Energy Statistics Yearbook 2024 recently released by the UK Energy Research Institute,biofuels continue to play an important role in the global energy market,with biofuel production increasing by over 17%since 2022.Against the backdrop of accelerated global decarbonization,biofuels are increasingly receiving attention and importance worldwide due to their renewability and environmental friendliness. According
A sudden fire in Brazil’s sugarcane region has caused a surge in international sugar prices
Thursday, 05 September 2024
The recent pressure brought by the repeated trading of Brazil’s bi weekly production data in the international raw sugar market has gradually shifted the focus of the raw sugar market to the production situation in the northern hemisphere at the end of the crushing season. In the first half of August,Brazil’s production data was slightly
The New Zealand government will lift the ban on offshore oil and gas exploration
Friday, 30 August 2024
The New Zealand government announced on the 26th that it will pass a law by the end of this year to lift the previous Labour government’s ban on offshore oil and gas exploration,and take emergency measures to remove regulatory barriers to import liquefied natural gas in the face of energy shortages.New Zealand Prime Minister Rakson
Methanol futures prices show a pattern of near weak and far strong
Thursday, 22 August 2024
With the arrival of the peak consumption season of”Golden September and Silver October”,coupled with the impact of autumn maintenance and winter gas restrictions,the supply and demand pattern is expected to improve.At that time,the MA2501 contract may gradually rise,and it is recommended to try buying on dips. The methanol futures price may show a pattern of
The rise of clean energy in China provides experience for Western countries
Friday, 16 August 2024
On the 12th,the British media”Dialogue Earth”published an article stating that China is currently leading the development of fields such as solar energy,batteries,and electric vehicles,and the rise of clean energy in China has provided experience for the West. The article argues that for a long time,China has sought to master localized clean energy technologies and use
The world’s largest clean energy corridor has a peak output of over 70 million kilowatts
Friday, 09 August 2024
The reporter learned from China Three Gorges Corporation that in recent days,many parts of China have experienced high temperatures,and the demand for electricity continues to rise.On July 31st,the world’s largest clean energy corridor,consisting of six cascade hydropower stations including Wudongde,Baihetan,Xiluodu,Xiangjiaba,Three Gorges,and Gezhouba,ensured peak power supply,with peak output exceeding 70 million kilowatts,setting a new historical high.The