China increases coal production
China has increased its total production for the first two months of the year by 13.5%.
China has increased its total production for the first two months of the year by 13.5%.
The global energy trade will feel the effects of the disasters in Japan as the global coal supply chain is disrupted and diverted.
Significant cuts are planned in refining and marketing, while investing heavily in new projects to increase production.
CB&I has been awarded an EPC contract by Imperial Oil Resources for the Kearl oilsands project worth in excess of US$ 900 million.
Global prices for oil products look set to rise dramatically after the tsunami that hit Japan last week. As a result of the loss of nuclear electricity generating capacity, oil will have to be used as a substitute until the reactors can be repaired.