According to BP’s review of world energy statistics 2020, trade in liquefied natural gas (LNG) in the global energy market has increased by 94.3% to 485.1 billion cubic meters in the past decade. Liquefied natural gas (LNG) trade is an alternative to natural gas pipeline trade, which has witnessed a huge and rapid growth in

In 2020, the growth rate of global LNG market will significantly slow down due to the decrease of supply and the demand destruction caused by the epidemic. Most analysts have sharply lowered their forecast for global LNG trade this year, and even predicted that global LNG trade will shrink year on year. This may be

The rising number of new coronavirus infections and the emergence of hot spots in the United States have raised concerns about fuel demand, and data show that commercial crude oil stocks in the United States increased again last week, reaching a record high. At 14:30 on June 17, New York time (02:30 on June 18,

With the sharp reduction of oil production in oil producing countries, the tanker leasing market is gradually returning to normal, and the global oil transportation cost is declining. According to data from Clarksons platou securities A.S., a Norwegian investment bank, the price of renting a VLCC in the international market on May 28 was about

The organization of Petroleum Exporting Countries (OPEC) and its allies plan to extend record production cuts to the end of July, as the world’s major oil exporting countries take cautious action to rebalance the oil market at a time when the anti epidemic measures have been relaxed. According to the previous production reduction agreement reached

Even the rain does not know the spring to go, a clear to know the deep summer. Since May, OPEC + oil producing countries have started to reduce production, and crude oil exports in the Middle East have risen in price. Many factors have pushed international crude oil prices to $40 / barrel. On June

Recently, the U.S. polyethylene (PE) market is undergoing a change. While the domestic market announced the price hike, the export price began to rise. Due to the poor performance of the PE industry in the United States in the first quarter, the unit load rate decreased, and even some plants were shut down. During the

According to the latest demand forecast of lesta energy, by 2020, the global oil demand will decrease by 11.5% year-on-year, i.e. 11.4 million barrels per day. Total oil demand is expected to fall to 88.1 million barrels per day this year from about 99.5 million barrels per day last year, according to resta. Demand is

ICIS analysis says global polyethylene (PE) production is expected to decline for the rest of 2020 as capacity growth will meet the slowing demand of most end industries. In the first phase of health emergency measures against the epidemic situation, although the supply of PE is limited by blockade and logistics problems in some cases,

International oil prices rose, recovering earlier land losses, as countries around the world continue to relax the anti epidemic measures, increasing the hope for the recovery of fuel demand. But international relations tend to be strained, and the outlook for oil prices may face uncertainty. French environment minister Elisabeth borne said in an interview with