The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. SEE MORE China’s green light to build more coal-fired power plants probably won’t usher in a flurry of new construction as most policies and investments in the top energy user will tilt toward renewable sources. SEE MORE Replacement consumer tyre sales declined slightly in the first quarter, according to the European Tyre & Rubber Manufacturers’ Association (ETRMA). SEE MORE Southeast Asian polyethylene (PE) import market remains stable across all grades in the week but expectations of tighter regional supply might provide support in the near term. SEE MORE Petroleum products are said to have been moving in accordance with the market but in comparison with the sacrifice of consumers, it is unreasonable that fuel distributors do not have to concern about losses as they have been earning a certain profit of VND300 for each liter of gasoline they sold. SEE MORE