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China Shenhua's coal sales fell by 12% in 2014

Coal sales by China Shenhua Energy, the largest coal producer in China (annual production of over 300 Mt), fell by more than 12% in 2014 to 451 Mt.

02-13-2015 08:50:27

Oil settles lower after large U.S. inventory build

The Energy Information Administration dropped a bombshell on the markets when it announced a 10.1 million barrel build in U.S. crude inventory, the largest weekly increase in at least 14 years.

01-27-2015 11:39:09

Global gas prices to sink further in coming months

Asian liquefied natural gas prices, already at four-year lows, face further steep losses in the first half of 2015 as the full force of a weak crude market works through into gas contracts and new supply comes on stream.

01-27-2015 11:12:45

Europe could overtake Russia as largest gas supplier to Ukraine

Ukraine expects Europe to take over Russia as its main gas supplier in 2015, with Europe covering 60% of its gas imports. The country plans to import 20 bcm in 2014 (40% from Russia).

01-27-2015 10:03:01

China reduced its energy intensity by 4.8% in 2014

According to the State Council, energy intensity in China decreased by 4.8% between 2013 and 2014. The energy intensity measures the amount of energy needed

01-23-2015 10:58:07

China's electricity consumption rose by 3.8% in 2014

According to the National Energy Administration of China, electricity consumption in China rose by 3.8% in 2014, a sharp slowdown from the previous 7.5% in 2013.

01-23-2015 10:56:33

China Shenhua plans 700 MW coal-fired plants in Lampung (Indonesia)

Chinese coal mining giant China Shenhua has signed a Memorandum of Understanding (MoU) with the Lampung administration (Indonesia) on the development of 700 MW (2 x 350 MW)

01-20-2015 15:15:03

OPEC expects global oil demand to increase by 1.15 mb/d in 2015

According to the OPEC, global oil demand increased by 0.95 mb/d in 2014, raising total oil demand to 91.15 mb/d. OECD still accounted for half of oil demand (45.7 mb/d),

01-20-2015 13:54:36

IEA forecasts global coal demand to 9 Gt/year by 2019

According to the International Energy Agency (IEA), global coal demand is expected to continue growing at a steady pace (+2.1%/year or +772 Mtce),

01-14-2015 13:47:18

Oman is considering privatising oil refinery ORPIC

The government of Oman is considering divesting part of the Oman Oil Refineries and Petroleum Industries Co (ORPIC)

01-14-2015 10:51:44

Goldman cuts Brent three-month forecast to $42 a barrel

Oil prices renewed their declines on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term forecasts and Gulf producers showed no signs of cutting production.

01-14-2015 09:51:36

Indonesia to sign sales, refinery agreements with CNOOC, Saudi Aramco next week

Indonesia expects to sign agreements with China's CNOOC Ltd, Saudi Aramco and two other oil companies next week covering direct oil sales and refinery investments in Southeast Asia's largest economy, a senior Pertamina official said.

12-04-2014 10:39:25

01 December 2014 - Mitsui will take part to 12 gas-fired projects in Thailand (1.5 GW)

Japanese industrial group Mitsui has reached an agreement with Gulf Energy Development (GED) on the joint development of twelve gas-fired CHP plants in Thailand.

12-02-2014 13:48:56

Oil hits five year low, emerging stocks hammered

Oil hits five-year low, leads commodities rout Rouble, ringgit among emerging FX hurt by oil Europe shares fall, hit by oil firms, miners Moody's cuts Japan's credit rating

12-02-2014 09:04:42

01 December 2014 - Pakistan negotiates with Qatar on LNG supply as of 2015

Pakistan is holding talks with Qatar to start LNG imports from the Emirate as early as 2015. The first LNG regasification terminal of the country, a 5.1 bcm/year

12-02-2014 08:59:54

28 November 2014 - OPEC and Russia likely to maintain oil output level despite price fall

OPEC members have met to discuss crude oil production levels as oil prices have plummeted and reached a four-year low since September 2010, at US$75.75/bbl for Brent. The bulk of OPEC countries need a US$100/bbl level to balance their government budgets

12-01-2014 12:33:34

Alkylation Boom Cools down

As climate warming has become a greater concern around the globe, oil products upgrading has been put onto agenda in China.

10-30-2014 16:15:47

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