News
IEA released on Friday (January 16th) that non-OPEC producers will work out less-than-expected throughout in 2015, which is expected to rebound oil prices to some extent.
1-19-2015 17:58:52
Affected by dropping transaction of feed stock of blended oil, profit of products from deep-processing plants was narrowed. Producers were cautious about the market trend, reducing the units
1-15-2015 18:34:00
Liquefied petroleum gas (LPG), with the highest marketization degree in China, takes up 18% of the total urban gas consumption. The Chinese LPG market has been in chaos for long due to lack
1-15-2015 18:11:05
China’s gas deep processing plants have seen profit margin narrowing down recently due to downturns in trades for oil blending feedstock, and thus are running at low rate. Operation rate a
1-15-2015 16:10:03
Traders were seeking ways to stock excessive supplies. The glut of products dragged down oil prices sharply by 60%. Up to this week, Brent crude and US crude slumped 7% and 5% consecutively.
1-15-2015 15:59:29
Crude oil dipped in early Asian trade on Thursday after a volatile session the previous day, when prices rebounded sharply from near-six-year lows that reflected a global oversupply.
1-15-2015 15:03:53
According to JYD statistics on 36 teapots in Shandong province, up to January 14th, CDU operating rate increased to 36.42% by 0.92% from the previous week amid Shouguang Lianmeng CDU restart
1-15-2015 10:33:48
