Insiders claim that the next few years will be a great shock for valves industry. The shock will expand the trend of polarization in valves’ brand. It is predict that in the next few years, there will be less valves manufacturers existing. However, the shock will bring more opportunities. The shock will make market operation more rational. Global valve markets mainly concentrate in countries or zones having highly developed economy or industry. Based on data from McIlvaine the...
Demands for Valves in Developing Countries Growing Highly Read
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It was reported that Alexei Ulyukayev, Russian Minister of Economic Affairs, said on Friday that Russia as a global major oil producer would have to be prepared for the decrease of crude oil prices-----they would reduce the prices predication. Before that, OPEC’s decision not to cut production caused oil prices sharply decline. The continuously falling of crude oil prices would further hinder the economic growth in Russia, because about fifty percent annual income of Russian government...
Russia Was Prepared for Endangered Oil Prices Read
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IEA has declared that over the next 20 years, the global energy demand will increase rapidly, however, the energy supply around the world may not be sufficient enough to meet goals of climate change. It is due to continuous turbulence in the Middle East and unresolved conflict between Russia and Ukraine. IEA has warned about the security of future oil supply. It pointed out that since the middle of June, the global oil prices had fallen to $34 each barrel, the Brent spot crude oil...
IEA Warns about the Security of Future Oil Supply Read
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Geothermal resource is a renewable clean energy. The amount of Chinese geothermal resource accounts for 1/6 in the world. Liu Qi, the Vice Director of the National Energy Administration, said in China’s first geothermal forum held on 25th, that our utilization and exploitation of geothermal energy will develop rapidly and the geotherm will play an important role in our renewable energy industry. It is showed that the using of geothermal up 1% each time in the energy consuming structure...
Speed up Geothermal Energy Development and Utilization Read
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"Deutsche Welle" reported on November 19th , that Russian Energy Minister Novak revealed in Moscow that he had held a meeting with Venezuelan Foreign Minister Rafael Ramirez dealing with the continued falling of oil prices, and agreed to take "joint action" to confront with the growing downside of international oil prices. Now Russia is developing appropriate measures. Ramirez's visit to Moscow is only a step to develop "joint strategy". Previously, he has...
Joint Russia and Venezuela Deal with Oil Price Decline Read
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Because shale oil revolution brought about a surge capacity, US crude oil import amount from OPEC countries is the lowest in the past 30 years. It is was showed in August that OPEC share of US crude oil import fell to 40 percent, 2.9 million barrels per day, the lowest import amount since May 1985. US crude oil imports peak appeared in 1976, when 88 percent of US crude oil was imported from OPEC countries. The impacts of shale oil revolution on OPEC member states vary, so there is internal divergence...
US Crude Oil Import Amount from OPEC Was 30-year Lowest Read
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As a kind of clean energy, gas plays a key role in Asia, especially having great influence on ensuing security of energy usage, synergetic development of economy and environment. However, the influence expanding further needs tighter connection between Asian gas market and global gas market. The report-How to Establish Gas Transaction Center in Asia published by IEA points out that in the future, status of gas in Asia will directly depend on whether pricing accords with supply-demand relationship...
IEA: A Gas Transaction Center Is Needed in Asia Read
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According to the information of IEA, China will become the largest oil consumer in the next 20 years, instead of the U.S. “In the early of the 2030’s , China will take place of the U.S., becoming the largest oil consumer in the world. And that will be a historic moment.” IEA summarizes in its Outlook for Global Energy. The report forecasts the long-term trend of energy. Complete report will be released on news conference which will be held in London. IEA claims that...
China Will Become the Largest Oil Consumer Read
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Relevant data showed that Russian oil and gas production did not be affected by sanctions of the Western, supporting global oversupply and making oil price continue bearing pressure. Commerzbank claimed that Russian constant high oil production was one of the factors which result in oversupply in global oil market. The report of Commerzbank claimed that according to the data published by The Ministry of Energy of the Russian Federation, in October, Russian daily crude and gas condensate...
Russian High Oil Production Supports Global Oversupply Read
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On October 27, the newest analysis of Platts showed that Chinese oil demands increased to the second highest level in September. The growth rate was the highest record in 15 months. In September, Chinese oil demands were 42.34 million tons (10.35 million barrels per day), growing by 7.4%, compared with the same period of last year. Analysts pointed out that previous stimulus measures (including loosen credit controls) adopted by Chinese government, summer fishing off season in Chinese water...
Chinese Oil Demands Grew Greatly in September Read
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