Market Report on China’s Vegetable Oil Industry, 2008 Is Available Now
Research and Markets has announced the addition of the “Market Report on China’s Vegetable Oil Industry, 2008″ report to their offering.
The report analyzes the Chinese vegetable oil market from aspects such as industry development state, market demands, enterprises and competitions in order to provide reference for investors who want to invest in vegetable oil and equipment producing fields.
In 2007, the gross output value of edible vegetable oil industry was about 318.6 billion RMB Yuan (about 43.6 billion USD), and sales value reached 317.8 billion RMB Yuan (about 43.5 billion USD). The production added up to 231.85 million tons. The export volume of edible rapeseed was 1.271 million tons in 2007, increased by 4.7% as compared with 2006, while the import volume reached 318.58 million tons, increased by 8.8%. Soybean export volume was 0.475 million tons, increased by 20.2%, and the import volume stayed at 30.821 million tons, increased by 9%. The export volume of edible vegetable oil was 0.168 million tons, decreased by 58.1% as compared with 2006, and the import volume reached 8.397 million tons, increased by 25%. Read more
Malaysia Energy Report Provides Updated Facts And Figures On The Evolution Of The National Energy Market
Research and Markets has announced the addition of the “Malaysia Energy Report” report to their offering.
This report provides updated facts and figures on the evolution of the national energy market. For the oil, gas, coal and power markets, the report details the market organisation, institutions regulating the market, and energy policy of the country. Energy companies active on the market are analysed. Domestic production, capacities, exchanges, consumption by sector and market shares are provided. Energy prices levels and taxes are described. Finally, the driving issues, and the market prospects are proposed.
Executive Summary
Our Malaysia energy market report offers a precise and reliable overview of the energy sector in the country. With a focus on oil, gas, coal and power markets, the report provides a complete picture of the country situation, dynamics, current issues and future prospects. With timely updated market data and continuous follow-up of markets news, this report brings clear and concise insights, to help tackle national energy challenges and opportunities. Enerdata publishes energy market reports since 20 years. With highly experienced energy experts and analysts, and an active professional network, Enerdata is reckoned as a trustworthy energy source for data, forecasts & analysis, globally.
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OPEC to seek non-members’ help to shape market-Iran
TEHRAN - (Reuters) - OPEC will discuss talks with non-member oil producers on cooperating to manage the oil market when the exporter group meets in Cairo this month, IRNA news agency quoted Iran’s oil minister as saying on Tuesday.
OPEC ministers will gather in the Egyptian capital on Nov. 29 to discuss falling oil prices, which slipped below $55 a barrel on Tuesday, from a record of $147.27 hit in July.
It has yet to be confirmed if the meeting will be turned into a full-scale session of the Organization of the Petroleum Exporting Countries. But an OPEC source said the group could still decide to cut output in Cairo.
“One of the decisions of the consultation meeting of OPEC in Cairo will be to start negotiations with non-OPEC producers in order to secure their co-operation with OPEC in managing the oil market,”
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Oil Slick the Oil-Market Bears Speak Chinese–Or Do They?
What will it take to raise oil prices? On Monday, a Saudi Aramco supertanker was hijacked by Somali pirates. Chevron and Shell both announced pipeline disruptions in Nigeria. And yet crude oil prices barely moved, still trading around $56 a barrel.
The oil market seems particularly gloomy about China, the source of much of the world’s recent increase in oil appetite and—now that developed countries are in recession—the last bastion of growing oil demand. So how bad is China?
Chinese oil companies say the aftershocks of the credit crunch are starting to kick in. The government’s $586 billion stimulus package won’t be enough to keep growth at recent levels, analysts say. Other leading indicators such as electricity use and industrial output are also down, all pointing to less oil consumption.
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Oil future close $55 a barrel after fresh dip to 22-month low
SAN FRANCISCO (MarketWatch) — Oil futures closed below $55 a barrel Tuesday, after touching a fresh 22-month low as a drop in a gauge of the home-building industry fed concerns about weakening energy demand amid a global economic slowdown.
There is “no change in what is driving the market as the problematic world financial outlook continues to weigh on demand,” said Darin Newsom, a senior analyst at DTN.
Crude oil for December delivery fell 56 cents to close at $54.39 a barrel on the New York Mercantile Exchange.
Crude futures moved to a new low of $53.96 on Globex late Tuesday — that was the lowest level a front-month crude contract has seen since January 2007. Prices fell 3.7% on Monday.
U.S. home builders have never been as anguished about their industry as they were in early November, with their monthly market index gauge plunging five points to a record low 9, the National Association of Home Builders reported Tuesday.
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Oil market-agency - Qatar oil min sees tough 2009
DUBAI - (Reuters) - Next year will be a tough one for the oil market as the global economic slowdown eats into demand, Qatar’s state news agency QNA quoted the country’s oil minister as saying.
U.S. crude CLc1 has fallen over $90 from its July peak over $147 a barrel as the world’s big oil consumers burn less fuel due to slowing economic activity. “I expect 2009 to be a difficult year. All the indicators affirm a large decline in demand during the last quarter of the current year and the first quarter of 2009,” QNA quoted Oil Minister Abdullah al-Attiyah as saying late on Monday.
Attiyah pointed to increasingly bleak forecasts for oil demand growth from the Paris-based International Energy Agency. The IEA cut its forecast last week for global demand growth next to 350,000 barrels per day (bpd) next year, down 340,000 bpd from its previous forecast.
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Oil Hovers Near $59 as Slowdown Squeezes Demand
Oil inched lower on Wednesday, after falling 5 percent a day ago to close below $60 for the first time since March 2007, as weakening energy demand more than offset news of more supply reductions.
News that OPEC may cut supplies by an additional 1 million barrels per day (bpd) when it meets in Algeria next month did little to prevent the downward spiral that has knocked 60 percent off oil’s value from a record high of over $147 in mid-July.
U.S. crude for December delivery was trading 14 cents lower at $59.19 by 0550 GMT. In the last session, the market settled down $3.08 at $59.33 a barrel, its lowest settlement in 20 months.
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