Despite the grim situation in the United States and other countries, oil prices rose on Monday, supported by tight supply and a series of data expected to show a global economic recovery. Brent crude rose 73 cents, or 1.7%, to $43.53 a barrel at 08:08 GMT. West Texas Intermediate rose 28 cents, or 0.7%, to

It seems that the oil price has completely bid farewell to the epic collapse. At present, this view has been “endorsed” by Saudi Aramco, the world’s largest oil company. On June 30 local time, Amin Nasser, President and CEO of Saudi Aramco, said that the worst period of the oil market had passed, and he

As global LNG demand will continue to increase in the foreseeable future, the supply of “greener LNG” may give producers an edge in this booming market. Total, a French oil and gas giant, and Siemens, Germany’s natural gas and power sectors are currently working together on research, and both companies will benefit greatly at that

With the slow recovery of LNG demand, the global natural gas inventory is expanding. In addition, with the recovery of the economy, worries about the second wave of outbreaks have intensified market caution. Gas tanks in Japan, South Korea and Europe are full and dozens of LNG tankers are idle, trade and shipping sources said.

Recently, the excess supply of butadiene from Europe and the United States is expected to drag down the Asian butadiene market in the short term. Since the beginning of the year, about 150000 tons of butadiene goods from Europe and the United States have been shipped to Asia, most of which arrived in the Asian

A faster recovery in global oil demand and a sharp decline in global oil production are bringing the market closer to equilibrium than predicted a month ago. Brent crude oil futures closed at $39.99/barrel on June 4, 2020, up $13.55/barrel from May 1, 2020. Over the same period, West Texas Intermediate crude oil (WTI) futures

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