CFR Japan naphtha price at multi-year highs, demand fueled by rising LPG

Asian naphtha was supported by bullish fundamentals Oct. 18 as the price of alternate feedstock LPG climbed, fueling demand for naphtha.

China's economic wobbles cast long shadow for Asia

China’s economic setbacks have darkened the outlook for countries in its orbit, from South Korea to Thailand, as a sharp factory slowdown and trade bottlenecks in the world’s second-largest economy hit Asia on the supply as well as demand sides.

China GDP: slowdown in third quarter growth ramps up fears of more economic trouble ahead

A worse-than-expected third quarter economic performance for China has indicated there could be more pain ahead in the final three months of the year, while stoking fears of “stagflation”, analysts say.

China's economy stumbles on power crunch and property woes

China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.

Ineos plans $2.3 bil green hydrogen investment in Europe

UK-based chemicals company Ineos plans to invest Eur2 billion ($2.3 billion) in renewable hydrogen production across Europe in the next 10 years, including a 100-MW plant in Germany, the company said in a statement Oct. 18.

Over US$10 billion per year to develop power sources and grids in 2021-2030

The demand for investment capital for the development of power sources and grids will average US$10-US$11.5 billion per year by 2030.This is stated in the draft national electricity development planning for 2021-2030, with a vision to 2045 (power planning VIII) that has just been submitted to the Government by the Ministry of Industry and Trade after many revisions and reviews.

Oil and gas firms suffer drop in Q3 profit due to COVID-19 impacts

Despite the recovery of petrol prices, profits of many businesses in the oil and gas sector dropped in the third quarter of this year due to impacts of the COVID-19 pandemic.
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