China will not cut its domestic retail fuel prices when international oil prices fall below 40 U.S. dollars a barrel, the country's economic planner said on Wednesday. Previously, China set a ceiling for domestic retail fuel prices, which ...
Tags: Retail Fuel Pricing, oil products
China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. It contrasted to the 9.75 million mt released for the same period ...
Tags: oil product, gasoline
Four more Chinese independent teapot refineries, with a total capacity of 15.6 million mt/year, have joined others in applying to the National Development and Reform Commission to process around 14.47 million mt/year of imported crudes, the ...
Tags: teapot refineries, teapot
In China's financial hub Shanghai, kitchen stoves now use a new energy source: shale gas, a clean energy that travels more than 1,600 kilometers to the city's homes via a series of pipelines. China has recently made breakthroughs in shale ...
Tags: Shale Gas Industry
It's being reported that China's top economic regulator is planning to keep fuel price adjustments on hold for the time being. The National Development and Reform Commission is said to be planning to suspend its price adjustments as it ...
Tags: Fuel Price Adjustments
Oil prices have been raised in Saudi Arabia. At the same time, the Saudi cabinet has also added tariffs on electricity, water and sanitation services. Saudi officials have approved a national budget for the coming year with a deficit of ...
Tags: Saudi Cabinet, Oil Prices, Service Tariffs
Taiwan's leading machine-tool makers including AWEA and Goodway predict missed 2015 revenue targets.Taiwan's leading machine-tool makers, including AWEA Mechantronic Co., Ltd., Goodway Machine Corp., Kao Fong Machinery Co., Ltd., and ...
Tags: AWEA Mechantronic, Goodway Machine Corp, Processing Machinery
China on Tuesday launched its most sophisticated observation satellite, Gaofen-4, as part of the country's high-definition (HD) earth observation project. Gaofen-4 was launched from the Xichang Satellite Launch Center in the southwestern ...
Chinese researchers on Monday announced that they have completed sequencing the genome of adzuki bean, an important source of starch, digestible protein, mineral elements and vitamins for at least a billion people worldwide. "Adzuki bean ...
Tags: Adzuki Bean, Genome Sequence
Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
The United Arab Emirates (UAE) has signed an agreement with China to set up a clearing hub for the Chinese currency Yuan or Renminbi, local UAE media reported on Sunday. The UAE clearing hub for the Chinese currency, which will satisfy ...
Tags: RMB Clearing Hub
Over 50 people were killed in a traffic accident along a highway in Afghanistan's northern province of Samangan on Thursday, police said. "A long-distance bus collided with an oil truck on a bridge at around evening. The bus plunged into ...
Tags: Traffic Accident
Northwest China's Xinjiang Uygur Autonomous Region has produced more than 30 billion cubic meters of natural gas this year, ranking second in the country following Shaanxi Province. According to the latest statistics from the region's ...
Tags: Natural Gas
China has realized universal power access when the last remote group of 39,800 people became able to light their homes with electricity. The light came on Wednesday in Gomang and Changjiang villages in the northwestern Qinghai province, ...
Tags: Universal Power Access
For drivers in the United States this year, it's been the gift that keeps on giving with low gasoline prices helping them saving money. The US national average for gasoline has dropped below 2 US dollars a gallon, the lowest price since ...
Tags: U.S.Gasoline Prices