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China to subsidize refiners if global oil prices surpass 130 USD
China will subsidize its oil refiners and suspend the raising of domestic fuel prices if global oil prices surpass 130 U.S. dollars a barrel, according to an official notice made public on Wednesday.
June30,2022
Thailand's gas oil price will be capped at 32 baht per liter from May 1
Mr. Wisak Watanasap, Director of the Oil Fuel Fund Office (Offo) announced that at the meeting of the Offo Board, a resolution was proposed to stabilize diesel prices at 32 baht/liter this week to help people mitigate the impact of rising prices.
May12,2022
Economic Watch: Rising oil prices cast shadow over global economic recovery
Global oil demand is rising following an accelerated vaccination campaign and an economic recovery, pushing oil prices to two-and-a-half-year highs amid an output deficit.
July22,2021
China suspends oil price adjustment
China's top economic planner said Thursday that it would keep domestic gasoline and diesel prices unchanged as the international crude prices are still lower than the "floor rates."
June01,2020
Epidemic accelerates shift toward clean fuels
While a low oil price might sound bad news for renewable energy as lower gasoline and fuel prices will make biofuel less competitive and make solar and wind less competitive as sources of electricity, some believe it will only be a short-term negative impact on the global energy transition.
April16,2020
China slashes retail oil price to floor rates
China will cut retail prices of oil products to the "floor rates" in light of a slump in international oil prices, the country's top economic planner said Tuesday.
March18,2020
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