Since the beginning of the year,due to the geopolitical situation and domestic policies,the operating load of refineries has remained low,and the supply of asphalt raw materials has continued to tighten.Although the demand for asphalt is still in the seasonal off-season,the accumulation of spot goods is limited,and the absolute level of inventory is not high,which provides

On February 24th,the spot reference price of CCTD Bohai Rim thermal coal was 724 yuan/ton,a decrease of 5 yuan/ton on a daily basis and 22 yuan/ton on a weekly basis,reaching the lowest point in nearly 4 years.Industry experts believe that due to the current loose supply,there is still room for coal prices to decline in

In 2025,as global attention to renewable energy continues to increase,Spain,as a country with enormous potential for solar and wind energy,is at the forefront of energy transition.However,despite rapid technological advancements and increasing deployment of clean energy,achieving a fully renewable energy system still requires overcoming a series of challenges. Electra and Contigo Energía recently analyzed the current

Shell’s scenario forecast released on Wednesday shows that global demand for liquefied natural gas(LNG)will significantly increase in the coming years,while natural gas demand may flatten out and oil demand may peak in the early 2030s.Shell simulated long-term energy security trends through three different scenarios,but emphasized that these predictions do not represent its strategy or business

In the fourth quarter of 2024,Ørsted reported impairment losses of KRK 12.1 billion(approximately EUR 1.62 billion).This loss is mainly attributed to the increase in costs of its US offshore wind business,particularly related to the development of the 924 MW Sunrise Wind project along the coast of New York. Financial pressure stems from various factors,including rising

In 2024,the proportion of renewable energy generation in the EU will reach 48%,while the proportion of fossil fuel generation will decrease to 28%.Nuclear power generation will account for 24%,setting a historical low for fossil fuel generation.Among them,the photovoltaic power generation is 281.09TWh,an increase of 19%compared to 2023;In 2024,the EU’s electricity demand will grow by less

Europe is experiencing cold weather,leading to an increase in heating demand and forcing natural gas reserves to be depleted at the fastest rate in seven years.Although this will not cause a natural gas shortage in Europe,it is enough to raise concerns in the market. According to data from European natural gas infrastructure,the current natural gas

The domestic refined oil price adjustment window for this round opened at 24:00 on January 2.The zero selling price of refined oil in this round has slightly increased,and the retail price in 2025 has achieved a good start,marking the first increase.The crude oil market trend has risen during the cycle,and the retail price of refined

China is a coal rich country with abundant and widely distributed coal,rock,and gas resources,and enormous potential for exploration and development.However,it has always been regarded as a forbidden zone for exploration and development. According to Li Guoxin,due to the limitations of traditional coalbed methane geological theory,traditional coalbed methane mainly exists in the coal matrix in an

The reporter learned from the National Energy Administration that in 2024,China’s energy security guarantee capability and green and low-carbon development level will be further consolidated and improved,and the energy self-sufficiency rate will remain above 80%. According to data,as of the end of 2024,China’s total installed power generation is about 3.32 billion kilowatts,with a power generation