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

According to the 2020 power transition trend report released by bnef of new energy finance and economics, it is found that solar energy has made great progress in the past decade, and its installed capacity has increased from 43.7 GW in 2010 to 651 MW by the end of 2019, which also exceeds the installed

Although the oversupply of purified terephthalic acid (PTA) in Asia has eased recently, with a large number of new capacity coming into use, market participants expect that the market may be surplus again in the near future, and the market will fall into a downturn. China’s PTA oversupply eased in August because of planned maintenance

Saudi Aramco is optimistic about the pace of recovery in Asian crude oil demand, which will help push oil prices higher, said Amin Nasser, chief executive of Saudi Aramco, the world’s largest crude oil producer and exporter. Nasser spoke in a statement after Saudi Aramco released its second quarter results over the weekend. “We are