IEA cuts 2019 estimate for oil demand growth on global trade worries

The outlook for oil demand growth in 2019 has dimmed due to worsening prospects for world trade, the International Energy Agency (IEA) said on Friday, although stimulus packages and developing countries should boost growth going into 2020.

US polyether polyol prices move higher on stronger propylene

US polyether polyol prices were assessed 3 cents/lb ($66/tonne) higher, tracking rising propylene feedstock costs.

Global crude demand to improve in H2 despite weaker OECD Asia petchems demand – OPEC

Global crude demand is expected to rally slightly from the sluggish level seen so far in 2019 in the second half of the year, with projected stronger demand from the Americas expected to offset contracting consumption in Europe and the Asia-Pacific region, OPEC said on Thursday.

Global energy consumption trends ‘unsustainable’ - BP's CEO

The current trends in global energy demand growth and consumption are not sustainable, and continue to push away from carbon dioxide (CO2) reduction targets necessary to meet the Paris Accord commitments, the CEO at UK's energy major BP said on Tuesday.

Enterprises warned against exchange rate risks

Firms must consider measures on how to mitigate exchange rate risks such as forward and swap dealings in the face of the foreign exchange market undergoing sharp fluctuations, experts have noted.

A forgotten tool which should be reinstated

The use of taxes and fees should be prioritized to improve the competitiveness of enterprises. As this tool has been long forgotten, it should be reinstated as quick as possible. Vietnam’s budget collection has increased over the years while budget deficit has been to a certain extent put under control.

Energy transitions in focus at G20 ministerial meet in Japan

This week, all eyes are on the G20 energy ministers' meeting on energy transitions. G20 accounts for roughly 60% of global oil production and about 80% of oil consumption. Major themes in focus include the development of carbon recycling technologies as well as LNG.
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