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Crude demand to hit 12-year low in 2015

OPEC sources alleged on December 10th (Wednesday) that global demand for OPEC crude oil is likely to be lower than expected next year. As consumption growth slows down and US shale oil explo

12-12-2014 09:14:48

Development of motive natural gas will slow down

At present in China, 3.5 million natural gas vehicles in total have been introduced to 32 provinces, saving fuel oil of 23 million mt, driving the harmful substances emission down and making

12-11-2014 18:57:52

Limit Down of PP Futures Price

Continuous large crude oil price fall and fluctuation in propylene market further reduced the support from cost and intensified the already depressed market.

12-10-2014 11:14:05

Price of both upstream products and downstream dropped, bringing difficult to deep-processing plants

In this week, theoretical profit of products from deep-processing units including aromatization, alkylation and isomerization in Shandong went up as cost for feed gas dropped.

12-10-2014 10:40:30

2015 PX Asia contract negotiation

The negotiation of PX contract in Asia was carried out by four PX vendors, two South Korean companies, GS and SK, and two Japanese companies, JX Nippon Oil & Energy Corporation and Idemitsu

12-10-2014 10:37:04

CNOOC Huizhou Refinery cut down production quotation

According to JYD, CNOOC Huizhou Refinery cut down their production quotations.

12-10-2014 10:36:29

Oversupply remains, international crude prices continues downward

On December 9th, international crude futures continued slumping amid expectation of worsening oversupply in Asia market. NYMEX crude once fell to $62.25/bbl and Brent crude hit $67.52/bbl.

12-9-2014 18:02:31

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