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PP price increased amid strong festive atmosphere

Affected by the Spring Festival holiday, PP transaction still kept sluggish after the official holiday. Although PP inventories of PetroChina and Sinopec kept high, the manufacturers had no

2-8-2017 17:45:24

Outlook on China DME industry in 2017

Although non-OPEC countries decided to reduce crude oil production at the end of 2016, which drove LPG price to move upward, most insiders kept cautious about crude oil price movement.

2-8-2017 17:39:54

Oil price closes lower amid mounting concerns on U.S. crude output

Despite smooth output reductions among producers like Iraq, oil price closed lower on February 7th (Tuesday) as rebounds in U.S. shale oil output and dollar rally added market concern.

2-8-2017 17:18:18

PE market will be in cautious but optimistic sentiment after PBC raised the interest rate

It is learned that PE inventory increased to 980,000 mt after the Spring Festival and may reach over 1 million mt when downstream players start the operation after the Lantern Festival(Febru

2-8-2017 15:59:13

Risks of importing LPG in the first half of February were relatively low

Short international refrigerated spot LPG cargoes and periodical purchase of India supported price of the Middle East LPG FOB cargoes.

2-8-2017 15:49:29

NIOC reports discovery of 15 billion bbl oil reserve

According to Sputnik on February 7th, the National Iranian Oil Company (NIOC) stressed that oil reserve discovered in Iran amounted to 15 billion bbl, including 2 billion bbl of recoverable

2-8-2017 15:00:39

Crude export down to 3.275 million bbl/d at southern Iraq ports

According to crude sources in Iraq on February 7th (Tuesday), Iraq crude oil export at southern oil ports plunged from 3.51 million bbl/d in December 2016 to be assessed at 3.275 million bbl

2-8-2017 11:12:11

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