India’s Ministry of Finance recently announced production related incentives to encourage companies that want to manufacture solar photovoltaic modules and batteries in India. The incentives apply to India and to foreign companies that want to open stores in India. The Indian government will provide 45 billion rupees (US $605 million) for solar photovoltaic modules and

A senior official from Gazprom, a Russian energy giant, said in a recent speech at the Gas Exporting Countries Forum (GECF) that natural gas would surpass the negative impact of coronavirus on the global energy industry in the short term, and even lead the growth of the industry in the medium and long term. “The

Recently, due to the impact of risk events such as the U.S. election and the second shock of European multi-national epidemic, the market’s risk aversion has increased, which depresses the international oil price and drags down the trend of asphalt price. Supported by domestic demand, the asphalt prices in northwest, North and northeast regions are

In a year when the global oil and gas industry has slashed spending amid urgent budget revisions and sharp investment cuts, some analysts now expect the end of the tunnel to dawn, at least offshore. Rystad, a well-known Norwegian energy research and business intelligence company, expects offshore oil and gas investment to rebound from next

Recently, the global commodity market, some commodity prices have a warming trend. However, analysts worry that due to the rise of the second wave of the epidemic in some countries and regions, the price rise of the bulk commodity market will be subject to weak demand and damaged supply in the rest of 2020, and

International trade experts predict that the Asia Pacific region will lead the growth of global marine renewable energy in the post epidemic era, creating a lot of opportunities for Scottish supply chain companies. In 2018, the Japanese government passed the landmark law on the development of power generation facilities using marine renewable energy to promote

In 2020, the global energy industry and financial market will face unprecedented drastic changes and challenges under the epidemic situation. While maintaining a high degree of linkage with international oil prices, Shanghai crude oil futures price also reflects the characteristics of the Asian market. It can better meet the hedging risk and physical delivery needs

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