Chinese energy futures surge to multi-year and record highs amid global oil gains and domestic power crunch

Chinese energy futures surge to multi-year and record highs amid global oil gains and domestic power crunch
WESPECH PTE LTD
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15.10.2021

MOSCOW (MRC) -- Chinese energy and petrochemicals futures prices surged to multi-year and record highs on Monday, driven by gains in global oil prices and a domestic power shortage as the world's top coal consumer is facing tight supplies, reported Reuters."In the near term, the supply shortage in coal pushed up the demand in crude oil and LPG, which are substitutes for coal, for power ge

Full article at mrcplast.com

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