#CNPC experts call for reform of China's refined oil pricing scheme
Researchers at an energy think tank affiliated with China National Petroleum Corp (CNPC) are calling for the reform of China’s fuel pricing system by removing the floor price or allowing state companies to spend the money to boost oil output. China adjusts its retail fuel prices to reflect Brent crude oil prices between a band of $40 to $130 a barrel. When Brent prices are below $40 - they are currently at $36.52 - retail gasoline and diesel prices will not be cut lower by the state planner, even if oil prices drop further. |
Turkey imposes export restrictions on Israel until Gaza ceasefire
118209.04.2024, 19:18Forbes has released its list of the world's billionaires. There are more than ever before – and they're wealthier.
101502.04.2024, 21:12Media: Türkiye may reduce purchases of F-16s from United States
179530.03.2024, 18:48#FoxNews: Ukraine aid surpasses $113 billion
181829.03.2024, 11:30Baltimore bridge's $81 billion trade crisis (photo)
211227.03.2024, 14:36EU approves 13th sanctions package against Russia
509321.02.2024, 14:54