Latest news
Vestas to halt production at China plant on expected weak demand
Danish wind turbine maker, Vestas Wind Systems has decided to halt production at its factory in Hohhot, China, making redundant 300-350 employees.
read more... 25/06/2012
Daily: Nordic power prices trade up on drier forecast
Brent crude traded below $90 on Friday, up slightly after sharp losses in the previous session, but settled its biggest weekly loss in a about a year, as pessimistic data from top consumers in the United States and China eclipsed the outlook for demand.
read more... 22/06/2012
Chinese imports of iranian oil continue to increase despite U.S. sanctions
Despite the U.S. sanctions China reached the highest level this year in importing oil from Iran. Foreign Ministry Spokesman Hong Lei said China’s imports from Iran are fair and reasonable and does not hurt the interests of the international community.
read more... 21/06/2012
Daily: Brent crude at 18-month lows on modest Chinese manufacturing data
Brent crude slipped to about $92 per barrel, hitting an 18 months low on Thursday, driven down by demand growth woes as China’s factory sector eased down and by U.S. Fed’s modest action which discouraged hopes for more aggressive steps to stimulate U.S. economic growth.
read more... 21/06/2012
IEA: has predicted in-creased prospect in the coming five years.
According to a new report of IEA(Medium-Term Gas Market Report 2012 ) China will become the third largest gas importer behind Europe and Asia Oceania. While the U.S. will continue to take advantage from the lower prices of unconventional gas revolution.
read more... 12/06/2012