According to the latest demand forecast of lesta energy, by 2020, the global oil demand will decrease by 11.5% year-on-year, i.e. 11.4 million barrels per day. Total oil demand is expected to fall to 88.1 million barrels per day this year from about 99.5 million barrels per day last year, according to resta. Demand is

ICIS analysis says global polyethylene (PE) production is expected to decline for the rest of 2020 as capacity growth will meet the slowing demand of most end industries. In the first phase of health emergency measures against the epidemic situation, although the supply of PE is limited by blockade and logistics problems in some cases,

International oil prices rose, recovering earlier land losses, as countries around the world continue to relax the anti epidemic measures, increasing the hope for the recovery of fuel demand. But international relations tend to be strained, and the outlook for oil prices may face uncertainty. French environment minister Elisabeth borne said in an interview with

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