Oslo, February 23, 2021, according to the US drilling website, rystad, a well-known Norwegian energy research and business intelligence company, pointed out that last year, the world’s five largest oil giants ExxonMobil, BP, shell, Chevron and daudal suffered a record loss of $76 billion. Rystad pointed out that as these super oil giants reassess their

Foreign news on February 2, OPEC Secretary General Balkin said that the prospects of the global oil market and the world economy are improving. With the crude oil market now turning to spot premium, we hope 2021 will be a good year for overall demand, Mr baljindu said. He said that our careful monitoring of

According to hydrocarbon processing news on January 19, global data said that by 2024, the global acrylonitrile butadiene styrene (ABS) production capacity is expected to increase by 19%, from 11.36 million tons / year in 2019 to 13.49 million tons / year. According to global data’s report “global acrylonitrile butadiene styrene (ABS) industry outlook to

According to the latest report of bnef of new energy finance and economics, although the covid-19 pandemic has caused economic damage, the global investment in energy transformation will reach a record $501.3 billion in 2020, an increase of 9% over the previous year. According to the report, thanks to the construction of the largest solar

S & P global Platts said Asia’s gasoline market will see further growth in demand in 2021, with consumption expected to rise, especially in the second half of the year. However, industry insiders warned that the launch of mass vaccination program is slower than expected, a series of reactions caused by the emergence of new

LNG market will recover rapidly in 2021LNG traders expect novel coronavirus pneumonia demand to recover rapidly in 2021 after the 2019 new crown pneumonia outbreak has led to price volatility. Due to cold weather in major importing countries, blackouts in major production centers and congestion on global routes, Asian spot prices have reached their highest

LNG traders expect novel coronavirus pneumonia demand to recover rapidly in 2021 after the 2019 new crown pneumonia outbreak has led to price volatility. Due to cold weather in major importing countries, blackouts in major production centers and congestion on global routes, Asian spot prices have reached their highest level since 2014, more than six

Since the 13th five year plan, China’s power industry has stepped onto a new stage of green and efficient transformation and development. By the end of October 2020, China’s installed power generation capacity will be 2.1 billion kilowatts, including 1.23 billion kilowatts of thermal power, 370 million kilowatts of hydropower, 49.89 million kilowatts of nuclear

Asia will lead the acrylic acid production capacity growth, which is expected to increase from 5.44 million tons / year in 2019 to 7 million tons / year in 2024, with an average annual growth rate of 5.1%. Global data’s report “global acrylic industry outlook 2024 – capacity and capital expenditure forecasts for all plants

The organization of Petroleum Exporting Countries (OPEC) and Russia agreed on Thursday to slightly increase crude oil production by 500000 barrels per day from January next year, but failed to reach a compromise on broader and longer-term policies for the rest of next year. This means that the OPEC group, which is composed of OPEC