Latest Graphs

fig_1d_2010_12 fig_1c_2010_12 fig7_2010_12 fig8_opec_2010_12

Oil Price

China

22/4/2011   Hongkong TV:  Shanghai truck driver’s strike

On April 20, to protest rising oil prices and fees, thousands of Shanghai truck drivers went on strike requesting the authorities to abolish fuel surcharge, and  anufacturers to pay higher shipping fees.

Truck_driver_strike_April_2011

Truck driver A: “Gas used to cost a bit more than RMB3 per litter, now it’s over RMB7 per liter, yet the freight [rate] has not been adjusted!”

Liu Kaiming: “The higher oil prices are due to the National Development and Reform Commission (NDRC) which sets the prices, because in China oil price is under the national monopoly control.

Truck_driver_strike_04_2011

During this year’s NPC session, Huang Xihua, a national representative, quoted data from the National Logistics Association, that highway toll in China is nine times higher than in Europe, being 20% of the transportation costs, plus fuel costs and various fees

Truck_gates

A Beijing reporter traveling on a truck from Chengdu to Beijing found out that highway toll was almost RMB5,000, accounting for almost half of the shipping cost. Shipping cost from Guangzhou to Beijing is higher than it is from Guangzhou to the U.S.

Hong Kong’s Oriental Daily reported Hu Xingdou, a China expert, saying that Shanghai truck drivers’ strikes are an economic issue……If they do not solve the economic and livelihood issues, a single spark can start a prairie fire.

http://ap.ntdtv.com/b5/20110422/video/59407.html

21/4/2011    Chinese truck drivers protest against rising fuel prices

http://www.guardian.co.uk/world/2011/apr/21/china-police-trucker-protest

20/4/2011    China’s Sinopc cuts off oil exports: state media

China’s oil giant Sinopec has stopped exporting oil products to maintain domestic supplies amid disruption concerns caused by Middle East unrest and Japan’s earthquake, a report said Wednesday

http://www.energy-daily.com/reports/Chinas_Sinopec_cuts_off_oil_exports_state_media_999.html