The 16th Shanghai International Petrochemical
Technology and Equipment Exhibition
Opening Countdown:
Days
Chinese national oil companies (NOCs) are assessing how best to optimise their diverse supply portfolios as gas demand disappoints, leading to an oversupplied market and weaker prices. According to Wood Mackenzie, there are three major leve......【More】
2015-06-15The Sebei gas field in Chinas Qaidam Basin the countrys fourth-largest onshore gas field had produced 2.1 billion cubic metres this year as of 26 May. The average output per well came to 29,600 cubic metres per day during that period. Sebei......【More】
2015-06-12Oil prices have risen due to seasonal demand in developed economies. Brent for July delivery LCOc1 increased 95 cents to $63.64 a barrel, while front-month US crude CLc1 rose 73 cents to $58.87 a barrel, Reuters reported. During the US and......【More】
2015-06-11Oil prices slipped on Monday on news of a slide in Chinas fuel imports and as markets digested OPECs decision to maintain its production target, which analysts said could prolong a supply glut for the rest of the year. China, the worlds big......【More】
2015-06-10Beijing announced it will adopt the national V emissions standard, the tightest one in China, for diesel-powered vehicles this month, becoming the first city in China to adopt standards for both gasoline and diesel-powered vehicles. It is p......【More】
2015-06-09Royal Dutch Shell Plc, the global energy company, has opened a new commercial hub in Shanghai on Wednesday, which it said will better serve its downstream business customers in China. Around 400 staff, including 100 from its national corpor......【More】
2015-06-08Angolas oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despite a global glut. I would like the price (to) go up......【More】
2015-06-05The Xinjiang Uygur Autonomous Region in northwest China has transformed into the premier national energy hub, which holds the countrys largest oil, gas and coal reserves. China, to meet growing demand, must import a large share of its energ......【More】
2015-06-04European gas outlook The unexpected weakness of EU gas demand has important implications both for the regions suppliers, in particular Russia, and for EU energy policy. For the EU, low levels of gas demand strengthen its security of gas sup......【More】
2015-06-03Asian imports of Iranian crude rose 12% in April from the previous month to a four-month high of almost 1.2mn barrels per day (bpd), topping a level allowed under economic sanctions aimed at Tehrans disputed nuclear programme. Still, for th......【More】
2015-06-02
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