Global refining production may start to rebound in June, but as oil producing countries cut production much faster than expected, raising crude oil prices may squeeze refiners’ profit margins. The new crown epidemic has put billions of people in a blockade and reduced fuel demand by 30%, allowing refiners to curb output globally. The collapse

According to the arbitrage data of oil products import and export, Singapore’s oil products market is also on the rise. In the first half of May, the arbitrage space of gasoline and diesel imports rose and fell in different directions. In May, the price of international crude oil futures fluctuated and rose, and the rate

In terms of the trend of upstream crude oil, analysts of Meierya futures said that the US Energy Information Agency (EIA) lowered its forecast for global crude oil demand in 2020 once again, and when countries gradually drew up the resumption plan, the market was still worried about the second outbreak of the epidemic, which

A novel coronavirus pneumonia Commission has recently launched a “clean recovery” plan to promote Australia’s recovery from the economic downturn brought by the new crown pneumonia epidemic by increasing investment in renewable energy and energy storage. According to Kane Thornton, CEO of the Clean Energy Commission, hundreds of large-scale wind and solar power projects in

Oil prices have been rising recently, up 20% in the last trading day of this week alone, and some analysts doubt whether the rise is reasonable before seeing the results of production reduction and real demand growth. As oil producers cut production, investors bet that as the U.S. economy reopens, U.S. consumers will help the

Despite the novel coronavirus pneumonia epidemic, mineral company has been able to survive 2020, because of its significant streamlining of business, debt and spending cuts and productivity improvement, according to a new report released by Fitch Solutions. “We believe that the flexible and excellent financial situation established in the past few years will prevent the

When everyone is concerned about the collapse of the crude oil market, the global natural gas market is also facing great challenges. Buyers in Asia and Europe have cancelled at least 20 US LNG shipments, Reuters reported. Global demand for natural gas is declining, with cheniere energy, the leading us LNG exporter, estimating that 10

The novel coronavirus epidemic has been affected by the global outbreak, and demand for petrochemical products has declined sharply. Crude oil prices have dropped to low levels for many years, and this situation may last for months. In the face of this dilemma, Asian petrochemical producers are considering further production reduction. Economic activities in most

Since the outbreak of novel coronavirus pneumonia, the global trade in oil and chemical industry has changed rapidly with the epidemic situation. Novel coronavirus pneumonia is in a bad trend due to the new crown pneumonia epidemic, and the price of chemical products has plummeted, according to an news report. The market can’t see when

The soaring price of high melting fiber material is not only a market concept determined by the supply-demand relationship, but also a psychological price around the happiness index. How much can it fall depends on the social tolerance and adaptability of the big oil country. In short, it is the tolerance of the people to