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China crude import accelerates regardless of GDP growth below 7%

China's GDP growth slipped to 6.9% in the third quarter, down from 7% in the second quarter, the lowest level since 2009, according to the National Bureau of Statistics.

October 22, 2015

China Cities’ the Highest Oil Product Retail Price on October 20th, 2015

China Cities’ the Highest Oil Product Retail Price on October 20th

October 22, 2015

China Oil Product Retail Adjustment by NDRC on October 20th

According to National Development and Reform Commission (NDRC), on October 20th (24:00) the gasoline and diesel prices were lifted by CNY50/mt respectively, to CNY6,460/mt and CNY5,500/mt.

October 22, 2015

Crude import right boosts the teapots capacity

Up to October, JYD data showed that, the total refining capacity in China has reached 785 million mt/yr, and the teapots’ capacity settled at 250 million mt/yr, accounting for 32% of the t

October 20, 2015

China natural gas pricing reform targets opening

The State Council, China’s cabinet, released Opinions on Promoting Price Mechanism Reform, requiring to speed up liberating of natural gas sources and sales prices, and to set natural gas

October 20, 2015

Sinopec supplies National V Standard oil products to Hainan

Since October 20th, Sinopec has begun to supply National V Standard gasoline and diesel to 287 petroleum stations in Hainan, 72 days earlier than the national requirements.

October 20, 2015

Crude glut is over 500 million barrels in the first three quarters

The data gathered by Reuters showed that in the first three quartersthe crude supply of crude export giants was 500 million barrels higher than the demand volume.

October 20, 2015

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