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Shanghai Daily,上海日报
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Energy


OPEC keeps differences at bay as it announces cut in oil production

OPEC’S unexpected understanding to trim production shows the cartel still has the resolve — and even desperation — to try to guide energy markets higher. But don’t expect triple-digit oil prices anytime ...

September 30, 2016, Friday


Stock prices of China oil giants rebound

Stock prices of Chinese oil companies rebounded yesterday after OPEC members reached a consensus to cut production which raised expectations of higher crude prices in the coming months....

September 30, 2016, Friday


1st US shale gas arrives in Scotland

General view of the Ineos plant in Grangemouth, Scotland, as the first shipment of shale gas from the United States arrived in Britain yesterday. A 2-billion-pound (US$2.6 billion) investment by Ineos, the world’s third-largest chemical company, will create a “virtual pipeline” with eight tankers transporting regular shipments across the Atlantic to Britain and Norway. ...

September 28, 2016, Wednesday


Coal industry still faces overcapacity

The supply-demand mismatch in China’s coal industry has not seen a substantial change despite prices rebounding this year, according to an industry association....

September 27, 2016, Tuesday


Guangxi metals firm bankrupt

STATE-OWNED Guangxi Non-ferrous Metals Group Co in south China’s Guangxi Zhuang Autonomous Region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published ...

September 23, 2016, Friday


N-projects need local consent

China’s nuclear developers must seek the consent of local stakeholders before going ahead with new projects, according to draft rules published by the State Council. Developers will need to assess the ...

September 21, 2016, Wednesday


Output of crude oil falls 9.9%

CHINA’S crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of ...

September 20, 2016, Tuesday


Production of coal sees 10.2% drop

China’s coal output fell 10.2 percent year on year to 2.18 billion tons during the first eight months of the year, data from the National Bureau of Statistics showed yesterday....

September 20, 2016, Tuesday


Oil price rise backed

Iran’s President Hassan Rouhani said Tehran supported any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency quoted him as saying....

September 19, 2016, Monday


UK gives go-ahead for nuclear power plant

BRITAIN yesterday gave the go-ahead for the Hinkley Point power station project, its first nuclear plant in a generation, but set conditions to address concerns about China’s role in the landmark European ...

September 16, 2016, Friday


 

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