Covid-19 continues to rage around the world, seriously damaging global and regional economic growth. As a result, companies in the plastics industry in Southeast Asia have been forced to cut their capital expenditure in 2020 as a measure to maintain during the crisis. They have even been forced to rationalize some of their operating expenditure

During the novel coronavirus pneumonia, consumption of fuel dropped sharply, accelerating the transfer of refining capacity from North America to Europe, and accelerating the transformation and upgrading of refinery capacity from old and small refineries to modern, high capacity large refineries. The result is a wave of refinery closures that barely survived the 2008-2009 recession.

Recently, regulatory measures announced by some EU member states indicate that palm oil and soybean oil may be phased out in advance by the EU biofuel industry, which helps to support the demand for biodiesel produced from EU domestic rapeseed oil. At present, the price of domestic rapeseed oil in EU is higher than that

At the end of October, the market sentiment suddenly changed, and the international crude oil price plummeted. The change of market sentiment is closely related to the out of control epidemic situation in Europe and America! In particular, the European epidemic data have reached new highs, leading to some countries having to “close the city”

Spot prices of liquefied natural gas (LNG) in Asia surged to their highest level in more than 20 months this week as strong buying and lower than expected winter temperatures, trade sources said. The average price of LNG delivered to Northeast Asia’s lng-as in December is estimated to be about $6.90 per million British thermal

As part of its plan to reduce greenhouse gas emissions and achieve carbon neutrality by 2050, the EU will consider establishing an internationally level and legally binding framework to reduce methane emissions, including in the energy sector. In the EU’s strategy to reduce methane emissions released on Wednesday, the European Commission said the scope of

The International Energy Agency (IEA) has recently raised its forecast for global gas demand this year, but it has seen the biggest decline in history due to the impact of the popular covid-19. The Paris based agency said on Monday that demand for natural gas is now expected to fall by 3 per cent, or

Global copper smelting activity recovered in August, mainly due to the sharp increase in North American copper smelting activities, while copper smelting in China continued to decline. The global activity dispersion index averaged 44.2 in August, an improvement over the previous quarter, but was still the lowest since 2016 (41.5). China’s activity dispersion index further

Global demand for marine fuel is expected to decline by as much as 17% due to the impact of the new coronavirus pandemic on Global trade, an industry executive said at a meeting on Wednesday, providing conditions for further integration among marine fuel suppliers. Uni einemo, head of the International Fuel Industry Association (ibia), said

Affected by the epidemic, the global economic recovery has stalled, leading to a further increase in global oil supply, prompting traders, including Trafigura, to book tankers to store millions of barrels of crude oil and finished fuel at sea again. With the so-called shipboard floating storage, the traditional onshore storage capacity is still close to