BEIJING (Reuters) -In just 10 days after a blizzard of meetings and official notices, Chinese regulators last month nearly halved soaring domestic prices for thermal coal, the main source of power for the world's No. 2 economy.
BEIJING/SINGAPORE Chinese coal traders are selling cargoes at losses or trying to delay imports after Beijing's market interventions triggered a 50% price drop that saddled them with unprofitable supplies, according to several market participants.
BEIJING, Nov 12 In just 10 days after a blizzard
of meetings and official notices, Chinese regulators last month
nearly halved soaring domestic prices for thermal coal, the main
source of power for the world's No. 2 economy.
SINGAPORE Privately-controlled Zhejiang Petrochemical Corp (ZPC), China's single-largest refiner and petrochemical producer, is exploring new technologies such as direct processing of crude into olefins to cut carbon emissions, a company executive said on Wednesday.
BEIJING (Reuters) -China thermal coal futures rebounded nearly 9% on Wednesday after falling for 10 straight days, as the government indicated to pace down price intervention at a meeting earlier in the day, traders said.
BEIJING/SINGAPORE International crude benchmarks slipped on Monday but recovered following China's weekend statement that it would tap its state fuel reserve while national refiners ramp up output sharply to avert a diesel shortage in the world's second-largest oil user.
SINGAPORE (Reuters) -CNOOC Ltd's unaudited third-quarter revenue grew 64% to 59.7 billion yuan ($9.33 billion) on higher prices and output, the Chinese offshore oil and gas major said on Thursday.
TIANJIN, China China's demand for natural gas is expected to rise to 180 billion cubic meters (bcm) this winter, up 10% from a year earlier, an official at PetroChina, the country's top oil and gas producer, said on Thursday.
BEIJING/SINGAPORE Chinese coal traders say they are scrambling for price information on spot transactions, relying on personal communications as Beijing steps up scrutiny amid efforts to tame prices.