Unless governments act quickly to meet climate targets, global oil demand will return to pre pandemic levels in two years and reach a record high in 2026, according to the International Energy Agency. The oil market and the world economy are recovering from a massive collapse in demand caused by the coronavirus pandemic, the IEA

According to a World Bank report, energy transformation requires 3 billion tons of metals and minerals. The report also noted that by 2050, demand for materials such as copper, lithium, cobalt and graphite would increase by 500 per cent. Some of these metals, copper, are already close to the supply less than demand. Copper prices

A recent report released by 25 global climate organizations shows that by the end of 2020, there are still nearly 4500 international investment institutions in thermal coal projects, with a total investment of US $1.03 trillion. It is understood that the study is based on the analysis of the global coal withdrawal list. The research

Oslo, February 23, 2021, according to the US drilling website, rystad, a well-known Norwegian energy research and business intelligence company, pointed out that last year, the world’s five largest oil giants ExxonMobil, BP, shell, Chevron and daudal suffered a record loss of $76 billion. Rystad pointed out that as these super oil giants reassess their

Foreign news on February 2, OPEC Secretary General Balkin said that the prospects of the global oil market and the world economy are improving. With the crude oil market now turning to spot premium, we hope 2021 will be a good year for overall demand, Mr baljindu said. He said that our careful monitoring of

According to hydrocarbon processing news on January 19, global data said that by 2024, the global acrylonitrile butadiene styrene (ABS) production capacity is expected to increase by 19%, from 11.36 million tons / year in 2019 to 13.49 million tons / year. According to global data’s report “global acrylonitrile butadiene styrene (ABS) industry outlook to

According to the latest report of bnef of new energy finance and economics, although the covid-19 pandemic has caused economic damage, the global investment in energy transformation will reach a record $501.3 billion in 2020, an increase of 9% over the previous year. According to the report, thanks to the construction of the largest solar

S & P global Platts said Asia’s gasoline market will see further growth in demand in 2021, with consumption expected to rise, especially in the second half of the year. However, industry insiders warned that the launch of mass vaccination program is slower than expected, a series of reactions caused by the emergence of new

LNG market will recover rapidly in 2021LNG traders expect novel coronavirus pneumonia demand to recover rapidly in 2021 after the 2019 new crown pneumonia outbreak has led to price volatility. Due to cold weather in major importing countries, blackouts in major production centers and congestion on global routes, Asian spot prices have reached their highest

LNG traders expect novel coronavirus pneumonia demand to recover rapidly in 2021 after the 2019 new crown pneumonia outbreak has led to price volatility. Due to cold weather in major importing countries, blackouts in major production centers and congestion on global routes, Asian spot prices have reached their highest level since 2014, more than six