China will continue to be a driver of global economy as it has sufficient investment opportunities and internal resources, a leading Chinese economist said Tuesday. "China will continue to grow economically and continue to be the main ...
China is set to stop construction of public rental houses and renovate 6 million run-down urban houses in 2016. The program is a crucial way of providing low-income urban residents with affordable housing. Minister of Housing and ...
Tags: Renovate, Run-down Houses
China might introduce more easing policies in 2016 to consume unsold home inventories, a report by the Bank of Communications said, despite data from Friday showing signs of a warming market. The government could further lower the minimum ...
China's iron ore importers need to keep a close eye on the country's steel mills as they mull output cuts and shutdowns amid a year-end credit crunch, the China Iron and Steel Association said Thursday. Prices of iron ore derivatives ...
New Orleans bunker fuel remained in short supply Thursday, which has caused high-sulfur product prices in that port to spike relative to the nearby and competing Houston market. New Orleans IFO 380 3.5%S was assessed at $205/mt ex-wharf ...
The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...
Tags: Gasoil, sulfur gasoil
The Communist Party of China (CPC) on Monday unveiled its major economic tasks for 2016, the first year of the country's 13th Five-year Plan. To reduce housing inventories, more migrant rural workers should be issued with urban-residency ...
Tags: Economic Tasks, economic development, social development
Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...
The production value of Taiwan's IC design industry is expected to drop 1.8% sequentially in the fourth quarter of 2015, due mainly to seasonal factors, according to Digitimes Research. Meanwhile, end-market demand particularly for ...
Tags: IC Design Industry, LCD Driver
Utilities are burning less coal than they previously expected, a survey the US Surface Transportation Board conducted shows. During a Rail Energy Transportation Advisory Committee hearing Tuesday in Washington, committee member John Carr, ...
Tags: natural gas, Coal Generation
A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Wednesday will estimate a natural gas storage injection of between 4 Bcf and 8 Bcf for the reporting week that ended November 20. The EIA plans ...
Tags: Natural Gas
The Trans-Atlantic gasoline arbitrage reopened Tuesday on the heels of stronger prices in both the Northwest Europe and US East Coast markets. Platts assessed the Eurobob barge at $469.25/mt, or $1.3412/gal, while RBOB cargoes delivered ...
Tags: gasoline, Mediterranean gasoline
The Platts JKM for January was down 10 cents over the course of the week to $7.475/MMBtu on Friday, after rolling to become the new front month on Monday, November 16. Buying sentiment for the month continued to soften, with limited ...
Tags: Curtis LNG
With colder temperatures finally hitting much of the northern US last week, many in the oil market will have their eyes on US distillate stocks when the US Energy Information Administration releases its weekly inventory data Wednesday. ...
US ethylene contacts for October settled 0.25 cent/lb lower, with the month's net transaction price at 28.25 cents/lb, market sources said Wednesday. The decrease puts contract prices at their lowest level since the 27.75 cents/lb seen in ...