On November 30 local time, the organization of Petroleum Exporting Countries (OPEC) held a video conference to discuss the scale of oil production reduction next year, but the meeting failed to reach a final decision on that day. The analysis suggests that novel coronavirus pneumonia impact on the world is weakening the global crude oil

Recently, driven by such factors as the expected recovery of the global economy, the international commodity market has warmed up, industrial products such as crude oil, basic metals and iron ore have gradually strengthened, and safe haven assets such as precious metals and US bonds have fallen. As of 17:00, November 25, Beijing time, NYMEX

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