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NDRC: China completes 65% and 84.8% of coal and steel 2017 de-capacity target

The National Development and Reform Committee (NDRC) disclosed on June 15th, by end-May, China has cut crude steel capacity 42.39 million mt, finalizing 84.8% of annual target; 97 million mt

6-16-2017 17:34:55

A brief introduction of Qingyishan Petrochemical

China Petroleum and Chemical Industry Federation (CPCIF) claimed on June 14th that Shandong Qingyishan Petrochemical Technology Co., Ltd was qualified for using import crude oil 3 million mt

6-16-2017 16:33:28

A brief introduction of Zibo Xintai Petrochemical

China Petroleum and Chemical Industry Federation (CPCIF) claimed on June 14th that Zibo Xintai Petrochemical Co., Ltd was qualified for using import crude oil 2 million mt/yr preliminarily.

6-16-2017 16:31:23

China will invest $2.8 billion to boost crude oil production in Venezuela

Venezuela and China have signed an investment plan of more than $2.8 billion aimed at raising crude oil production from the joint ventures of state-owned companies PDVSA and China National P

6-16-2017 09:02:24

U.S. EIA crude inventory decreased less than expected resulting in price falling 3%

EIA statistics on June 14th (Wednesday) showed that the U.S. EIA crude inventory slid almost 1.7 million barrels in the week of June 9th. As the decrease was less than expected, oil price sl

6-15-2017 18:02:35

Sinopec’s first LNG receiving station with over 6 million mt unloading quantity

On June 6th, 2017, the cumulative transfer capacity of Qingdao LNG receiving station exceeded 6 million mt, to be the first LNG receiving station of Sinopec.

6-15-2017 17:49:47

Coastal coal supply and demand to be changed

As of June 14th, coal stockpiles in six major coastal power plants totaled 12.25 million mt, down by 560,000 mt from early June, which can run 19 days of usage with daily consumption at 625,

6-15-2017 17:37:29

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