China to Raise Energy Prices; Oil Future Drop
“…China will raise prices of refined oil products and electricity beginning Friday, state media reported…”
By Christopher Bodeen
Source: AP
China will raise prices of refined oil products and electricity beginning Friday, state media reported.
The announcement, issued after local financial markets were closed, said prices of gasoline and diesel would rise by 1,000 yuan ($145) per ton. Aviation kerosene would rise by 1,500 yuan ($218) per ton, it said, citing the National Development and Reform Commission, the government’s chief economic planning agency.
Electricity prices would also rise for most businesses, although residential housing and the farming and fertilizer industries would be exempt, Xinhua said.
Growing demand for energy in developing countries like China has contributed to a string of record high prices for a barrel of oil this year.
The price of oil dropped immediately after news of the price hikes broke, believing that stress on the market from China may finally be lessening.
Light, sweet crude for July delivery fell $2.80 to $133.88 a barrel on the New York Mercantile Exchange, but dipped more than $3 at times.
China disclosed that it will raise the prices of refined oil and coal, used extensively for electricity generation. It was not immediately clear if it also would reduce subsidies.
Natural gas and liquefied petroleum gas prices would remain where they are, China state media reported.
The government hiked fuel prices by about 11 percent in November but have kept them frozen at that level, seeking to avoid further fanning inflation which has touched 12-year highs since the beginning of the year.
That policy, however, has led to shortages at the pump as refiners find themselves squeezed by rising oil and gas prices.
China’s largest city, Shanghai, on Monday announced an increase in prices for liquefied petroleum gas to help counter shortages stemming from a gap between local, controlled prices and costs paid by suppliers.
Earlier this week, the NDRC said it would look for an opportunity to adjust oil product prices, prompting a rally in shares for major refiners that have been swallowing huge losses due to soaring crude oil prices.
(1 votes, average: 5 out of 5)You need to be a registered member to rate this post.
Loading ...Posted in Economy
Just Browsing…
While I was surfing yesterday I saw a great post concerning…
voucher offers…
Wika linked to this website…
Digg…
While checking out DIGG today I noticed this…
Informative and precise…
Its hard to find informative and precise information but here I noted…
Natural Swimming Pools…
[…]listed here you’ll find the link to a lot of websites which we suspect you will want to drop by[…]…
psychic circle…
I am constantnly proclaiming that its hard to get quality help, but here is …
Anti Aging…
While checking out DIGG yesterday I noticed this…
Wikia…
Wika linked to this place…
Just Browsing…
While I was surfing today I noticed a excellent post concerning…
hd multiroom…
Wika linked to this place…
Yahoo results…
While browsing Yahoo I discovered this page in the results and I didn’t think it fit…
While checking out DIGG {today|yesterday} I {noticed|found} this…
I saw a writer talking about this matter on Tumblr and it linked to…
News…
I was reading the Yahoo news and I saw this really interesting topic…
Just Looking…
When I was browsing today I saw a excellent article concerning…
Informative and precise…
Its difficult to find informative and accurate information but here I noted…
Looking around…
I like to browse around the web, often I will just go to Stumble Upon and read and check stuff out…
Informative and precise…
Its hard to find informative and precise information but here I found…
Tumblr article…
I saw someone talking about this on Tumblr and it linked to…
Bing results…
While searching Bing I discovered this page in the search results and I didn’t think it match…
It is quite hard to find good help…
I am really regularly saying that its hard to find quality honest help, but here is …
Hard Day…
It was a hard day here today, so I just took to messing around online and found…
Wikia…
Wika linked to this site…
News…
I was reading the Yahoo news and I saw this really cool information…
News…
I was reading the Yahoo news and I saw this really interesting info…
Informative and precise…
Its hard to find informative and precise information but here I found…
Useful and precise…
Its hard to find really informative and accurate info but here I noted…
Sites we Like……
[…] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose […]……
Its hard to find good help…
I am forever saying that its difficult to procure quality help, but here is …
Tumblr article…
I saw someone talking about this on Tumblr and it linked to…
News info…
I was reading the news and I saw this really interesting topic…
You should check this out…
[…] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well […]……
Related……
[…]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[…]……
Sites we Like……
[…] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose […]……
Websites we think you should visit…
[…]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[…]……
Gems form the internet…
[…]very few websites that happen to be detailed below, from our point of view are undoubtedly well worth checking out[…]……
Websites you should visit…
[…]below you’ll find the link to some sites that we think you should visit[…]……
Check this out…
[…] that is the end of this article. Here you’ll find some sites that we think you’ll appreciate, just click the links over[…]……
Links…
[…]Sites of interest we have a link to[…]……
Bing results…
While searching Bing I found this page in the search results and I didn’t think it match…
Hard Day…
It was a hard day here today, so I just took to piddeling around online and found…
Looking around…
I love to look around the online world, often I will go to Stumble Upon and follow thru…
Earl Nightingale …
Ideas are elusive, slippery things. Best to keep a pad of paper and a pencil at your bedside, so you can stab them during the night before they get away. …
Informative and precise…
Its difficult to find informative and precise information but here I found…
Informative and precise…
Its hard to find informative and precise info but here I found…
Its hard to find good help…
I am regularly proclaiming that its difficult to get quality help, but here is …
Yahoo News…
When checking out Yahoo News yesterday I found this…
Useful and precise…
Its difficult to find really informative and precise info but here I noted…
Yahoo News…
When checking out Yahoo News today I found this…
It is quite hard to find good help…
I am really regularly saying that its hard to find good honest help, but here is …
Its hard to find good help…
I am forever saying that its difficult to find quality help, but here is …
Yahoo results…
While browsing Yahoo I discovered this page in the results and I didn’t think it fit…
Wikia…
Wika linked to this site…
Looking around…
I love to surf around the online world, often I will just go to Digg and follow thru…
Just Browsing…
While I was browsing today I saw a great post about…
Tumblr article…
I saw a writer talking about this on Tumblr and it linked to…
Weebly article…
I saw a writer writing about this on Weebly and it linked to…
Looking around…
I love to surf around the web, often I will just go to Digg and read and check stuff out…
It is quite hard to find good help…
I am really forever saying that its hard to procure good honest help, but here is …
Bing results…
While browsing Bing I discovered this page in the search results and I didn’t think it match…
Weebly article…
I saw someone talking about this on Weebly and it linked to…
Yahoo News…
When checking out Yahoo News today I noticed this…
It is quite hard to find good help…
I am really regularly proclaiming that its difficult to procure good honest help, but here is …
Iron Man 3…
If you want to check out the latest trailer or info about the iron man 3 go to at our site….
News…
I was reading the Yahoo news and I saw this really cool info…
News…
I was reading the Yahoo news and I saw this really cool information…
Dreary Day…
It was a dreary day here yesterday, so I just took to messing around on the internet and found…
Digg…
While checking out DIGG yesterday I found this…
Just Looking…
When I was surfing yesterday I noticed a great article concerning…
Just Looking…
When I was browsing yesterday I noticed a great post about…
It is quite hard to find good help…
I am really forever saying that its difficult to get good honest help, but here is …
Just Looking…
When I was browsing yesterday I noticed a great article about…
Tumblr article…
I saw a writer talking about this on Tumblr and it linked to…
Useful and precise…
Its hard to find really informative and accurate information but here I found…
Tumblr…
Tumblr linked to this website…
Yahoo News…
When checking out Yahoo News yesterday I found this…
Weebly article…
I saw someone writing about this on Weebly and it linked to…
Just Looking…
When I was surfing yesterday I saw a excellent article concerning…
Just Looking…
When I was surfing yesterday I noticed a excellent article about…
Hard Day…
It was a hard day here yesterday, so I just took to piddeling around online and realized…
Tumblr article…
I saw someone talking about this on Tumblr and it linked to…
Useful and precise…
Its hard to find really informative and precise information but here I noted…
It is quite hard to find good help…
I am really constantnly proclaiming that its difficult to get quality honest help, but here is …
Tumblr…
Tumblr linked to this site…
It is quite hard to find good help…
I am really forever saying that its difficult to find good honest help, but here is …
Tumblr…
Tumblr linked to this place…
Hard Day…
It was a hard day here today, so I just took to messing around on the internet and realized…
Useful and precise…
Its hard to find really informative and precise information but here I found…
Hard Day…
It was a hard day here today, so I just took to messing around online and realized…
phentermine hydrochloride…
Do have an email system where your blog posts emailed to me?…
Tumblr…
Tumblr linked to this place…
phentermine alternatives…
Once again brilliant. It is not advice explained so well homework, and I am on the look out for….
phentermine and pregnancy…
I’m so glad to have found your web page. My pal mentioned it to me before, yet never got around to checking it out until now. I must express, I’m floored. I really enjoyed reading through your posts and will absolutely be back to get more….
Bing results…
While browsing Bing I found this page in the search results and I didn’t think it match…
Looking around…
I love to browse in various places on the online world, regularly I will go to Stumble Upon and read and check stuff out…
Looking around…
I love to browse in various places on the web, often I will go to Stumble Upon and read and check stuff out…
It is quite hard to find good help…
I am really regularly proclaiming that its difficult to find good honest help, but here is …
Yahoo News…
When checking out Yahoo News today I found this…
Digg…
While checking out DIGG yesterday I found this…
Yahoo News…
When checking out Yahoo News today I noticed this…
Useful and precise…
Its quite hard to find super informative and accurate info but now I noted…
Weebly article…
I saw a writer talking about this on Weebly and it linked to…
Yahoo News…
When reading a bit Google and Bing News now I found this…
Just Looking…
When I was surfing a bit this week end I saw a good post about…
News…
I was reading quickly the AOL news and I saw this quite interesting and new info…
News…
I was reading the Yahoo news and I saw this really interesting topic…
Nice Focus….
I really like the direction you’ve decided to take this blog….
Useful and precise…
Its difficult to find really informative and accurate info but here I found…
Just Looking…
When I was surfing a bit last wee end I noticed a good post concerning…
Weebly article…
I saw a guy talking a lot about this on Tumblr and it linked right to…
Iron Man 3…
I simply wished to say thanks once again. I am not sure the things that I might have used without the actual aspects shared by you about my area of interest. It became a real difficult situation in my opinion, nevertheless witnessing your specialized m…
Iron Man 3 Trailer…
Thank you for all of your work on this site. My mum take interest in setting aside time for investigations and it’s really easy to see why. We learn all of the powerful method you offer advantageous thoughts by means of this web site and as well stron…
Bing results…
While browsing a bit Bing and Yahoo I happily found this page in the search results and I do not think it match…
Bing results…
While searching a bit Bing and Yahoo I happily found this page in the search results and I do not think it match…
Tumblr…
Tumblr just linked to this cool site…
News…
I was reading the Yahoo news and I saw this really cool information…
Tumblr…
Tumblr just linked to this cool site…
It is really really hard to find enough help…
My friend is forever but annoyingly saying that truly its difficult to easily procure some good honest help, but here is …
It is really really hard to find enough help…
My friend is regularly but annoyingly saying that truly its difficult to easily find some quality honest help, but here is …
Thanks a lot|Thanks a ton|Warm regards|With thanks}; from {all of us|each one of us|everyone of us}….
Iron Man 3…
Dreary Day…
It was a dreary day here today, so I just took to piddeling around on the internet and found…
Earl Nightingale …
You are, at this moment, standing, right in the middle of your own “acres of diamonds.” …
Tumblr article…
I saw someone writing about this on Tumblr and it linked to…
It is quite hard to find good help…
I am really constantnly proclaiming that its difficult to find quality honest help, but here is …
Yep….
I couldn’t have said it better myself……
Digg…
While checking out DIGG today I found this…