China has made significant progress in the field of energy transition
Wednesday, 12 March 2025
Since the proposal of the”dual carbon”target in 2020,China has made significant progress in the fields of energy transformation and low-carbon development.As 2025 marks the end of the 14th Five Year Plan,the phase of energy consumption dual control is about to be completed,and the comprehensive transformation towards carbon emission dual control has become a core issue.
Coke futures prices continue to fluctuate at low levels
Wednesday, 05 March 2025
Recently,the prices of coking coal and coke futures have continued to fluctuate at low levels,with coking coal futures prices falling to a new low in nearly five years at the end of February. The continuous decline in coking coal futures prices is mainly caused by the continuous increase in supply,weak demand,and overall loose fundamentals,while the
India’s liquefied natural gas import growth rate slows down to 10%
Wednesday, 26 February 2025
According to data from the Indian Petroleum Planning and Analysis Centre(PPAC),India’s natural gas import costs increased by 17.2%year-on-year from April to January in fiscal year 2025,reaching$12.9 billion,higher than the$11 billion in the same period last year.In January alone,import costs reached 1.3 billion US dollars,a year-on-year increase of 8.3%.This growth is mainly due to a significant
UAE and France promote energy transition in Africa and Asia
Tuesday, 18 February 2025
On February 16,2025,the United Arab Emirates and France signed an important agreement at the third plenary session of the UAE France Senior Business Council held in Paris,aimed at strengthening cooperation between the two countries in the field of clean energy.UAE President Sheikh Mohammed bin Zayed Al Nahyan and French President Emmanuel Macron witnessed the signing
Global oil market oversupply will become more severe
Wednesday, 12 February 2025
The United States expects a larger oversupply in the oil market this year and 2026 than previously anticipated,mainly due to continued growth in US and non OPEC production,as well as the unlikely weakening of Russia’s production from sanctions. The US Energy Information Administration(EIA)announced on Tuesday that it expects the world oil market to have an
Domestic oil and gas continue to maintain a growth rate of tens of millions of tons
Tuesday, 21 January 2025
On the 20th,the National Energy Administration released the”Top Ten Iconic Achievements of National Oil and Gas Exploration and Development in 2024″,which showed that in 2024,the domestic oil and gas production equivalent exceeded 400 million tons for the first time,maintaining a rapid growth momentum of 10 million tons for eight consecutive years,further consolidating the development trend
This year, the urea market will continue its loose supply pattern
Tuesday, 14 January 2025
Looking back at the just passed year 2024,the urea market as a whole showed a pattern of oversupply,with significant price fluctuations.In the first half of the year,the price of urea first fell and then rose.In the first quarter,the price gradually decreased.After entering the second quarter,due to the concentrated release of demand for spring plowing and
The supply and demand pattern of coke in 2025 may be relaxed
Tuesday, 07 January 2025
2024 is a year of weak operation in the coal,coke and steel market.Due to the weakness of important terminal real estate and infrastructure,weak sentiment is transmitted from the terminal to the steel,and then to the dual coke in the raw material end.The black series lacks effective price support,and the supply and demand pattern of coke
There is instability in renewable energy in Europe
Monday, 30 December 2024
Recently,European electricity prices have been like riding a roller coaster,experiencing severe fluctuations.This is the result of multiple factors intertwined and working together,such as extreme weather,regional conflicts,and the transformation of Europe’s energy structure.It not only exposes deep-seated problems in the European energy system,but also poses severe challenges to existing energy policies and market mechanisms. The sudden
Continuous optimization of China’s energy structure
Monday, 23 December 2024
In recent years,China’s energy structure has been continuously optimized,renewable energy has flourished,and key technologies have made new breakthroughs.From wind power to photovoltaics,a series of innovative achievements have emerged one after another.The pace of transformation and upgrading of traditional industries has accelerated,and the level of digitization has greatly improved,injecting strong green momentum into high-quality economic development.