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Renewable energy promotes green and low carbon development

Wednesday, 14 April 2021 by shunxiang
Vigorously developing renewable energy is not only an important support to promote green and low-carbon development, but also an important measure for China to cope with climate change and fulfill international commitments. In recent years, China’s wind power, photovoltaic power generation and other industries have developed rapidly. By the end of 2020, the installed capacity
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Iran’s export rebound will not have a big impact on the oil market

Thursday, 08 April 2021 by shunxiang
Goldman Sachs said the potential recovery of Iran’s exports would not be an “external” shock to the oil market, and that it is expected that Iran’s crude oil exports will not fully recover until the summer of 2022, as U.S. and Iranian officials began indirect negotiations on the Iran nuclear agreement in Vienna on Tuesday.
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Application of China’s fuel oil futures price in overseas trade

Thursday, 01 April 2021 by shunxiang
Recently, freepoint commodities Singapore PTE. Ltd., a wholly-owned subsidiary of freibo group, one of the world’s leading fuel oil suppliers, and CHIMBUSCO International Petroleum (Singapore) Co., Ltd Pte.Ltd , China Merchants Energy Trading (Singapore) PTE. Ltd. and COFCO international freight SA signed the marine fuel oil supply contract based on the low sulfur fuel oil
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Global oil demand is still recovering

Thursday, 25 March 2021 by shunxiang
Although problems with the European vaccine program and slowing crude oil purchases caused futures prices to fall more than 7% last Thursday, data from around the world showed that demand was recovering steadily, albeit intermittently. A year ago, billions of people were trapped at home because of the epidemic, and idle jetliners were parked on
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Oil demand will reach an all-time high in 2026

Thursday, 18 March 2021 by shunxiang
Unless governments act quickly to meet climate targets, global oil demand will return to pre pandemic levels in two years and reach a record high in 2026, according to the International Energy Agency. The oil market and the world economy are recovering from a massive collapse in demand caused by the coronavirus pandemic, the IEA
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Global energy transition needs metals and minerals

Thursday, 11 March 2021 by shunxiang
According to a World Bank report, energy transformation requires 3 billion tons of metals and minerals. The report also noted that by 2050, demand for materials such as copper, lithium, cobalt and graphite would increase by 500 per cent. Some of these metals, copper, are already close to the supply less than demand. Copper prices
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Global carbon emissions will rise further this year

Wednesday, 03 March 2021 by shunxiang
On March 2, the International Energy Agency (IEA) issued a communique saying that global carbon emissions will rise further in 2021. The novel coronavirus pneumonia slowed down economic activity, and global carbon emissions decreased by 5.8% in 2020, but it began to rebound at the end of 2020. According to the communique, global carbon emissions
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Rapid development of global hydrogen energy industry

Thursday, 04 February 2021 by shunxiang
The global hydrogen industry will develop rapidly in 2020, especially the “green hydrogen” produced from renewable energy will become the preferred green fuel in the future. Statistics show that last year, the world announced a total of more than 150 billion US dollars of “green hydrogen” project. A few days ago, German Grand Falls Power
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Global hydrogen demand market will rebound by 2022

Tuesday, 26 January 2021 by shunxiang
In 2020, due to the global epidemic, global hydrogen demand has declined, but analysts expect that global hydrogen demand will rebound rapidly due to increased government support and help to expand production capacity. Zane MacDonald, chief energy transformation analyst of energy information analysis company hydrogen and alternative transportation, said on the 19th at an online
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Half of the earth’s capacity to absorb anthropogenic emissions

Thursday, 21 January 2021 by shunxiang
According to the recent publication of progress in science, the US research team has found that in the past few decades, the earth’s biosphere has absorbed more carbon than it has released, but this trend is slowing down and may even reverse. The earth is on the brink of a lethal “tipping point” for climate
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