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Shanghai Daily,上海日报


China likely to lower oil prices

CHINA is likely to slash gasoline and diesel prices in the coming week due to sluggish domestic demands and a continuing crude price slump in the global market. Ma Yan, analyst with crude research website ...

December 21, 2014, Sunday

Nod for Alstom energy arm’s sale to GE

Shareholders approved yesterday the 12.4-billion-euro (US$15.2 billion) sale of Alstom’s energy assets to US group General Electric, and the French company will refocus on high speed trains....

December 20, 2014, Saturday

Electricity use rises 3.3%

China’s consumption of electricity grew 3.3 percent year on year in November to 463 billion kilowatt-hours, the National Energy Administration said yesterday....

December 16, 2014, Tuesday

OPEC head clarifies no oil price goal for bloc

The head of OPEC yesterday said the group had no target price for oil, signaling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving...

December 15, 2014, Monday

OPEC cuts demand forecast for its oil

Global demand for OPEC crude in 2015 will be less than expected and far below its current output, the group said yesterday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in...

December 11, 2014, Thursday

Nuke firm shares up 19%

Shares in China’s largest nuclear power producer surged over 19 percent on its debut in Hong Kong yesterday, after raising more than US$3 billion in the city’s biggest initial public offering this yea...

December 11, 2014, Thursday

China seeks offshore nuke power

China has signed off a major nuclear power development scheme despite the lingering shadow cast by Japan’s...

December 6, 2014, Saturday

Social funds key to stabilize economy

China aims to lower the market threshold and absorb more social capital for state grid, pipelines, clean energy and mineral resources projects, the country’s top economic planner announced yesterday....

December 5, 2014, Friday

CGN Power raises US$3.2b in IPO

CGN Power Co, China’s largest nuclear power producer, raised US$3.2 billion after pricing its Hong Kong initial public offering at the top of expectations amid a scramble to invest in a sector primed for...

December 4, 2014, Thursday

Shanghai power firm eyes Italian assets

Shanghai Electric Power yesterday said it was in preliminary contact with top German utility E....

December 4, 2014, Thursday


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