China's LNG prices moved sharply higher as typhoon disruption and tighter domestic supply squeezed the market from two directions.

On the demand end, the gasoline demand is projected to gradually weaken following ending summer vocation, while gasoil demand is projected to kick off the seasonal high amidst fishing season and falling temperature benefiting outdoor projects.

China's LPG market held firm during the week, supported by tighter supply despite weaker international crude oil prices. China's domestic LPG prices increased, while producer and port inventories declined as lower import arrivals outweighed the recovery in domestic LPG production.

China's 15th Five-Year Plan for Building a New Energy System gives a clearer indication of how the country expects its energy mix to evolve through 2030. The central shift is not simply toward more renewable capacity. It is toward a different system architecture in which non-fossil energy takes a la

China's 15th Five-Year Plan is reshaping the country's energy system, and it's not simply a story of renewables replacing fossil fuels.