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CIBC raised the predicted average price of WTI to $51/bbl in 2017

According to the customers’ report of CIBC, on September 28th, OPEC reached limiting production agreement unexpectedly. The agreement restricted the crude production at 32.5 million bbl/d,

9-29-2016 16:49:08

Shell North China’s first oil products depot is put into operation in Tianjin

Shell North China Petroleum Group Co., Ltd Nangang Oil Depot received the first ship of oil on September 28th in Tianjin, indicating the operation of Shell in China will witness a great-leap

9-29-2016 16:35:18

Refined oil retail prices may not be adjusted and gas stations’ profit remained downwards

In this pricing round, the freezing production agreement among oil producers continued to affect the international crude oil market, which drove the crude futures up for four times last week

9-29-2016 15:26:35

About 40% steam coal mining capacity incurs losses nationwide in August

43.4% of steam coal mining capacity under monitoring was in the red in August, dropping by 18 percentage points from that in July, while about 60% coking coal mining capacity made a loss in

9-29-2016 14:59:20

Downstream production is in great pressure while butadiene profit soaring

In 2016, China butadiene market experienced price surge for twice. In early 2016, the butadiene market kept narrow vibration after the first surge, and reached the yearly record high to CNY1

9-29-2016 14:49:59

Acetic acid price may hit high record amid tight inventories

As it is expected by marketers, acetic acid price in September kept firm. Especially after the Mid-Autumn Festival Holiday, the price moved upward more rapidly.

9-29-2016 14:35:35

OPEC reaches 'historical' output cut in Algiers meeting

The Organization of Petroleum Exporting Countries (OPEC) on Wednesday reached a "historical" agreement to ceil oil output from 33.24 million barrels a day to 32.5 or 33 million barrels a day

9-29-2016 14:10:10

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