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Power use rises 9.4% in November

China’s electricity consumption, a key barometer of economic activity, rose 9.4 percent year on year in November, signaling the sound momentum of its economic recovery, data from the National Energy Administration...

December 21, 2020, Monday

Gasoline, diesel gets costlier

China will raise the retail prices of gasoline and diesel from today, the top economic planner said yesterday....

December 18, 2020, Friday

Britain, French firm in N-plant talks

Britain said yesterday it will hold talks with French energy giant EDF concerning the construction of a nuclear power plant on England’s east coast, in a project reportedly worth 20 billion pounds (US$26.4...

December 15, 2020, Tuesday

Saudi Aramco third-quarter profit slides as virus stifles oil demand

Energy giant Saudi Aramco yesterday posted a 44.6 percent slump in third-quarter profit, as the coronavirus pandemic weighs heavily on the global demand for crude oil....

November 4, 2020, Wednesday

Oil prices fall on lockdown woes, US poll worries

Oil prices fell yesterday on worries that widening coronavirus lockdowns in Europe would weaken fuel demand while concerns remain over potential turbulence resulting from this week’s United States presidential...

November 3, 2020, Tuesday

OPEC predicts oil demand to plateau in late 2030s

World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said yesterday, in a major shift for the producer group that reflects the lasting impact of the coronavirus...

October 9, 2020, Friday

Aramco Q2 profits plunge 73% as virus hits prices

Saudi Aramco second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus crisis undercut global demand....

August 10, 2020, Monday

BP sells its petrochem unit to Ineos

British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, yesterday announced the sale of its petrochemical business to rival Ineos for US$5 billion....

June 30, 2020, Tuesday

OPEC agrees to extend oil cuts

OPEC members, led by Saudi Arabia, and other key oil producers agreed on Saturday to extend historic output cuts through July, as oil prices tentatively recover and coronavirus lockdowns ease. The 13-member ...

June 8, 2020, Monday

BOC halts trading in ‘oil treasure’

THE Bank of China said yes­terday it had suspended transactions to open new posi­tions for its crude oil futures trading product effective imme­diately, following other banks in curtailing energy products. ...

April 23, 2020, Thursday



 

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