The demand for novel coronavirus pneumonia has led to a weak demand for LNG importing countries, and global LNG demand will be the first seasonal decline in 8 years. Demand for the summer will drop by 2.7% over the same period. According to giignl’s annual report on LNG industry 2020, Asia is the “leader” in

When it comes to Texas, we think about oil, especially in Houston, the largest city. Houston is home to some of the world’s largest private energy companies, where life and death are at stake, but it is also the biggest buyer of renewable energy. The city of Houston is committed to buying 100% renewable energy

This year, novel coronavirus pneumonia has affected the international crude oil prices, and the bulk chemical market has been affected to varying degrees. Take the organic raw material ethylene as an example, the price of CFR Northeast Asia fell by about 10% in the same period, and the performance of “triene” products was moderately higher.

The ethylene market in Asia began to rebound from the end of April to the record low. So far (May 25), the price of ethylene monomer in Northeast Asia is 672-680 US dollars / ton, and that in Southeast Asia is 612-620 US dollars / ton. In just over a month, the price of ethylene

Energy companies have been slashing exploration and production budgets since the outbreak and the collapse of oil prices, but with few profitable investment options, operators are now likely to increase their spending on oil and gas decommissioning projects. Rystad energy of Norway estimates that the total cost of global oil and gas decommissioning projects will

Mining operations in Mexico, Ecuador, Peru, Bolivia and parts of Canada began to pick up slowly in May, as countries halted global mining operations in March, in line with government imposed curbs on covid-19. According to data compiled by Reuters, the consequences of the coronavirus outbreak have forced global miners to cut their capital expenditure

By 2027, the global natural gas pipeline infrastructure market is expected to reach $3.228 trillion. The California based company said it would grow at a CAGR of 3.4% on a revenue / volume basis over the forecast period. Increased gas imports, as well as increased investment in infrastructure and network expansion, are likely to increase

Spot prices for liquefied natural gas (LNG) in Asia surged more than 20 per cent in a week as demand picked up in China and South Korea, the main importers, and buyers cancelled US LNG shipments. Several traders told Reuters that spot prices for several batches of LNG fluctuated between $2.40 and $2.65 per million

Boosted by the decline of US crude oil inventory and the record low level of Iran’s export, Saudi Arabia, the main producer of production reduction, is also earnestly implementing its production reduction commitment. It has reduced its supply to the Asian market at present, and the record production reduction agreement is giving the market a

On the supply side, OPEC + will jointly reduce production by 9.7 million barrels / day from May 1, according to the previous production reduction agreement reached between OPEC and non OPEC oil producing countries. At present, based on the agreement constraints and the demand of passive production reduction, the supply will tend to be