Residents in Tangshan are very familiar with the concept of oversupply. A severe glut in the steel industry has put many jobs at risk in the northeastern Chinese city that counts the metal as one of its primary exports. But the oversupply ...
Tags: Housing Market, Crashing Down
China will close down 15 million mt/year outdated steel production capacity and 15 million mt/year outdated iron-making capacity before the end of 2015 in addition to capacities already specified for closure during the 12th Five Year Plan ...
Tags: Outdated Steel, steel production
China natural gas markets are rather hot in the first quarter, continuing the optimistic markets since last quarter last year. And Sinotruk delivered quite a few orders in March and they delivered 30 HOWO-A7 natural gas trucks to Lionbridge ...
Tags: Sinotruk, Natural Gas Trucks
Brazil's Vale produced 1.785 million mt of coal during the first quarter, up 1.9% on the year to a record Q1 volume due to the ramp up of the Moatize mine in Mozambique, the diversified miner said in a production report published late ...
Tags: Vale, Coal Production, coal
Led by Li Keqiang, the Premier of State Council of the People’s Republic of China, the new phase of China’s National Energy Commission was held on April 18th. Li announced at the Commission that the nation will reinforce the ...
Tags: Energy Industry, Green Energy
China's Ministry of Environmental Protection has lifted a ban on approvals for new refinery projects and upgrades proposed by state-owned companies PetroChina and Sinopec, the ministry announced in a notice posted on its website Wednesday. ...
Tags: Sinopec, PetroChina, New Refinery Approvals
State-owned PetroChina has hiked its shale gas production target significantly and now expects to produce 2.6 billion cubic meters/year next year, a senior executive was reported as saying Monday. This is an increase from an earlier ...
Tags: PetroChina, Shale Gas
While the Chinese government has committed to eliminating 80 million mt/year of steel capacity nationwide by 2017, the reduction will be gradual which will see demand for raw material ferrosilicon remain steady in 2014 as compared with ...
Tags: Steel Output, Ferrosilicon
South Korean automaker Hyundai Motor is set to establish its fourth plant in Chongqing, China, with an investment of $926.48m. This move is aimed at increasing the company's global market share in the automotive industry. The ...
Tags: automaker, Hyundai, automotive industry
It's 3am on the first day of 2014. Shanghai's Hengshan Road, an area popular for restaurants and nightclubs, is lit up with what seems like hundreds of bright green taxi lights, inviting the rowdy New Year's crowd to hop in. But the drivers ...
Tags: Taxi Apps, Government Regulations, taxi
Not content with selling gas domestically, some of China's private gas distribution companies are becoming increasingly ambitious and are planning to enter the LNG import business, competing directly with state-owned LNG buyers such as ...
Tags: Gas, LNG Imports, Natural Gas
China's refinery crude throughput over January and February dipped 1% year on year to 78.78 million mt, or an average of 9.79 million b/d, according to preliminary data from the country's National Bureau of Statistics released Thursday. ...
Royal Vopak (Vopak) announces it has signed an Equity Transfer Agreement with Xianglu Petrochemical (Zhangzhou) Co., Ltd. (Xianglu) in Fujian province, China. The agreement comprises Vopak’s acquisition of a 30% equity interest in ...
China plans to raise citygate prices of natural gas consumed by non-residential users later this year, the National Development and Reform Commission said in its work report issued Wednesday at the start of the annual session of the ...
Tags: Natural Gas, on-grid tariff
The volume of crude from the northern Iraq region of Kurdistan being held in tanks at Turkey's Mediterranean oil hub of Ceyhan has reached 1 million barrels, Turkish energy minister Taner Yildiz told reporters Wednesday in a press ...