Crude oil prices slid to a three-week low on Monday as the new pandemic measures in Asia, especially China, the world-second largest oil consumer and largest crude importer, prompted fears of a demand slowdown. Hence, Brent crude fell by $1.66, or 2.4%, to settle at $69.04 a barrel. U.S. WTI crude shed by $1.80, or 2.6%, to settle at $66.48. Both benchmarks posted their lowest close since July 19.
read more... 10/08/2021
Japan has been largely forgotten as a source of demand for energy commodities, overshadowed by the rapid rise of China, but the country’s new electricity generation targets will shake the market up.
read more... 23/07/2021
China will release more than 10 million tonnes of coal from state reserves to ensure steady supply to the market, the state planner said in a statement on Thursday.
read more... 16/07/2021
Wood Mackenzie expects Asia Pacific’s photovoltaic (PV) capacity to treble in this decade and reach 1,500 GW by 2030, with China at the lead.
read more... 15/07/2021
Renault Group has signed partnership agreements with Envision AESC of China and Verkor of France to supply electric vehicle batteries for its EV production hub in northern France.
read more... 29/06/2021