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Active wells doubled and production cut seemed uncertain; oil closing price slumped

On April 21st (Friday), as the number of U.S. active drilling wells has increased to more than double of that of the same period last year, the U.S. crude oil output continued to show signs

4-25-2017 08:44:19

Vietnam crude oil was mainly exported to China

In the first quarter of 2017, Vietnam's crude oil exploitation amount was 3.46 million mt, up by 5.5% YoY. It's reported that the crude oil of Vietnam was mainly exported to China.

4-24-2017 18:01:01

Bunker oil margins gained gently amid cost decline

As IEA data proved American gasoline inventory increased instead of declining, the market fears on fuel oil demand drops were evoked, and international crude oil price decreased.

4-24-2017 17:56:42

Hengli Petrochemical plans to turn into a top petrochemical industry base

On April 14th, the power plant boiler’s first steel structure of Hengli Petrochemical with a capacity of 20 million mt/yr was successfully hoisted, indicating the integrated project of Hen

4-24-2017 17:55:39

Olefin deep processing run rate rallies with widening profits in NW China

Deep processing plants in the Northwest enjoyed relatively decent profits in comparison with those in Shandong, which suffered from negative profits.

4-24-2017 15:11:14

Iron ore market moved downward with a narrow drop in steel prices

The domestic spot steel market declined narrowly with the recovery of market sentiment. Iron ore market still went down and oversupply situation stayed unchanged. Up to the date, the importe

4-24-2017 13:46:13

Coal prices in Q2 may continue dropping

Coal market stepped into the traditional slack season in the second quarter of 2017. With the end of heating season and hydropower output, thermal coal demand reduced and the tight supply si

4-24-2017 13:39:07

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