Credit Suisse analysts said novel coronavirus pneumonia epidemic is the main driving force for the transformation of European chemicals from general chemicals to specialty chemicals. At present, most European chemical enterprises continue to push forward to downstream industries to resist the decline in profitability caused by large-scale production of basic chemicals. At the same time,

As the epidemic continues to spread, gasoline demand in parts of the United States appears to be weakening. The States most affected by the surge are also some of the largest oil consumers, with tens of millions of drivers. Gasoline consumption continued to rise slightly in most parts of the United States. In the week

In a new report, DNV GL, a Norwegian energy consultancy, said global energy demand is likely to peak in 2019 and carbon dioxide emissions may also peak. World energy demand will actually decline over the next 30 years and will be at the level of 2018 by 2050, the consultancy said. The authors of the

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