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Venezuela Will Bid Farewell to the Era of Cheap Gasoline

  • Posted: 09/17/2014 01:40:51
  • Hits: 1010

In Venezuela, the price of one liter of No. 95 gasoline, No. 91 gasoline or diesel fuel is less than 0.1 yuan. A bottle of mineral water costs seven Bolivar (about 7 yuan), which is equivalent to 72...


Domestic Fasteners Plants Are Developing Slowly

  • Posted: 09/13/2014 01:27:04
  • Hits: 919

Represented by fasteners, basic components are not only the basis of China's equipment manufacturing industry but also important foundation of the national economy in various fields. During the ...


What Are the Major Future Trends of Valve Products?

  • Posted: 09/05/2014 01:04:15
  • Hits: 1161

When it comes to the market trends of valve products, the future developing trends are expected as follows according to analysts.   First, as oil development is transferred from mainland oil ...


EU May Prohibit Gas Exports and Restrict Consumption

  • Posted: 09/03/2014 01:39:23
  • Hits: 1005

It was reported by foreign media on September 1 that the EU was prepared for gas cease of Russia. Therefore, the EU may ban gas exports and limit the amount used in the industry to assure household ...


Latin American Nations Are Optimistic about Foreign Oil

  • Posted: 08/27/2014 01:06:38
  • Hits: 997

According to the report of Colombian Observer on August 25, Latin American countries show optimism about attracting foreign investment and external technology to develop oil industry. Many countries...


Global Oil Demand Will Reduce within Two Years

  • Posted: 08/20/2014 03:15:00
  • Hits: 980

United States Energy Information Administration recently released Forecast Report of Monthly Short-Term Energy. It lowered expected global oil demand to 91.56 million barrels/day this year and 92.96...


Austrian OMV AG Won't Sell Natural Gas to Ukraine

  • Posted: 08/13/2014 06:35:01
  • Hits: 1081

It was reported on Tuesday that Austrian Oil and Gas Group (OMV AG) would not sell gas to Ukraine. Gerhard Roiss, the CEO of OMV, said: “Despite the higher prices we are able to offer to Ukrai...


Iran Intents to Expand Oil Exports to Asia

  • Posted: 08/06/2014 02:35:39
  • Hits: 1085

An executive of an energy company disclosed that Iran was negotiating with several Arab and Asian countries in order to sign new oil contracts in the near future, reported by foreign media.  &...


South Korea Encourages Diversified Oil Imports

  • Posted: 07/31/2014 01:25:13
  • Hits: 1031

South Korea departments of trade, industry and energy disclosed recently that the government would provide domestic refiners with subsidies to encourage them to import crude oil outside Middle East ...


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