US natural gas consumption hits new high
Wednesday, 18 December 2024
On December 13th,according to the Natural Gas Yearbook released by the US Energy Information Administration,natural gas consumption in the United States increased by 1%in 2023,reaching a new high of 89.4 billion cubic feet per day(Bcf/d),and will continue to grow in the first nine months of 2024.The 1%increase in natural gas consumption in 2023 is due
Next year, there will be a slight shortage of supply in the global oil market
Wednesday, 11 December 2024
On Tuesday(December 10th)local time,the US Energy Information Administration(EIA)released a short-term energy outlook report predicting that there will be a slight supply shortage in the global oil market next year. EIA predicts that by 2025,global oil consumption will be 104.3 million barrels per day,production will be 104.2 million barrels per day,and daily consumption will be 100000
US plans to impose anti-dumping duties on Southeast Asian photovoltaic products
Tuesday, 03 December 2024
The US Department of Commerce recently announced plans to impose anti-dumping duties of up to approximately 271%on photovoltaic products from relevant countries.This plan has been questioned by the media and relevant national figures. According to the preliminary ruling made by the US Department of Commerce after investigation,the proposed anti-dumping duties involve crystalline silicon photovoltaic cells
The import volume of methanol in China is showing a significant downward trend
Friday, 29 November 2024
The import volume of methanol in China has shown a significant downward trend recently. The reporter learned that in October and early November,the average monthly import volume of methanol in China was about 1.3 million tons.However,at the end of November,the import volume of methanol significantly decreased.Iran’s shipment volume is expected to drop to about 700000
The escalating tension between Russia and the United States has led to a slight increase in oil prices
Wednesday, 20 November 2024
Global stock markets rose in volatile trading on Tuesday as the market waited for President elect Donald Trump to make more appointments to the new government,while oil prices rose slightly due to escalating tensions between Russia and the United States over Ukraine. Trump’s candidates for Treasury Secretary have expanded to include Mark Rowan,CEO of Apollo
Global tungsten supply shortage may continue until 2027
Thursday, 14 November 2024
The non-ferrous metals team of the research department of China International Capital Corporation(CICC)recently announced that it is expected that the global shortage of tungsten supply will continue until 2027.The current overseas tungsten inventory is at a historical low,and the demand for countries to increase their tungsten”safety stock”is becoming increasingly urgent. From early 2024 to July,tungsten
The first wind turbine hoisting of the first breakwater wind power project in China
Tuesday, 05 November 2024
On October 31st,the first wind turbine hoisting of the first breakwater wind power project in China,the Huaneng Tianjin Port Dongjiang North Breakwater Wind Power Project,was completed.This is also the first breakwater wind power project in China to adopt a three-dimensional layered design method and obtain approval for sea use.It is planned to build 7 wind
Coke prices will continue to remain weak in the fourth quarter
Wednesday, 30 October 2024
After the National Day holiday,coke futures fell sharply,forming a sharp contrast with the hot market before the holiday.Last week,the first round of coke spot price increases and decreases was fully implemented,and there are still expectations of further increases and decreases.The market sentiment is relatively cautious.This article will analyze the future trend of coke prices from
The strategic oil reserves of the United States are at a low level
Thursday, 24 October 2024
The strategic oil reserves of the United States are already at a low level.Due to significant releases in 2022,the US strategic oil reserves have decreased by 50%compared to their peak.At present,the United States is gradually increasing its reserves to guard against the sharp rise in crude oil prices and domestic supply disruptions. According to data
Germany allocates $3 billion for decarbonization subsidies
Thursday, 17 October 2024
The German government has allocated up to 2.8 billion euros(3.1 billion US dollars)to support 15 industrial companies in achieving decarbonization under the first round of”climate protection contracts”. As part of Germany’s goal to achieve climate neutrality by 2045,Berlin will provide 15 years of subsidies to companies in industries such as glass,paper,and chemicals in exchange for