Industry News

US Crude Oil Import Amount from OPEC Was 30-year Lowest

Because shale oil revolution brought about a surge capacity, US crude oil import amount from OPEC countries is the lowest in the past 30 years. It is was showed in August that OPEC share of US crude oil import fell to 40 percent, 2.9 million barrels per day, the lowest import amount since May 1985...

Analysis of Butterfly Valve Market in China

As a kind of control valves, butterfly valve has simple structure, widely utilized in high pressure pipelines. Butterfly valve can control flow of gas, water, steam, corrosive medium, mud, oil, liquid metal, radioactive medium, etc. For its specific usage, butterfly valve is always hot-selling pro...

Rosneft Found an Oilfield in the Arctic Pole

Rosneft claimed that they had already found an oil field in the Arctic Pole with the assistance of Exxon Mobil, which meant that the explored region may become one of the most important global oil-producing regions.   Igor Sechin, the CEO of Rosneft announced that there were as high as 1 bi...

Quality of Valves is the Key to Size Rubber Joint Market

At present, about 10% of rubber joint market in China is occupied by foreign enterprises. Chinese experts consider that to change the current situation, improving the quality of valves is the key.   Valves have high proportion in all of mechanical products. According to statistics of deve...

Yield and Export of Valves in China Falling

For the pressure of economic downturn, yield and export of valves in China have significant descending trend. Revulsion of market situation brings difficulties to valve manufacturers. Facing with various heavy pressures, manufacturers should adapt to the new normality forwardly, focusing on struct...

New Opportunities for Stainless Steel Valves

Market survey report shows that quality, quantity and market share of stainless steel valves had been highly improved in 2013, for the deepen economic reform. The market of stainless steel valve has bright future.   Stainless steel valve have become necessity in our daily production, espe...

IEA: EU Has High Dependence on Russian Gas

On Monday (August 25), for tense relationship between Russia and Ukraine, Maria Van der Hoeven, the Chief Executive of IEA claimed that EU still has high dependence on Russian gas in the short term and it needs more time to realize the diversification of energy supply.   Van der Hoeven poin...

China'Valves Industry Focuses on Technical Innovation

In recent years, China's valve industry has good standard, stable price and good prospect of market for developing. To respond national appeal, energy conservation has become principle and objective in developing valve industry. China's valve industry has two development directions. One is...

Japan Sets Foot in Gas Fields in Mozambique

It is reported that the Ministry of Economy of Japan will provide resource assistance development to Mozambique, an African country that discovered world-class scale gas fields. The two governments reached an agreement on July 31.   To ensure that Japanese enterprises can also participate i...

Demands for Valves in Developing Countries Growing Highly

Insiders claim that the next few years will be a great shock for valves industry. The shock will expand the trend of polarization in valves’ brand. It is predict that in the next few years, there will be less valves manufacturers existing. However, the shock will bring more opportunities. Th...