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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

BDI fall hurts China bunker market

By October 14th, BDI declined to 787 points from 978 points in late September, down by 20%,the lowest level for any October since 1986.

October 20, 2015

China LPG importers eye a good chance as overseas suppliers scramble for market shares

Though China’s LPG import volume from Iran has not yet seen a notable increase since the lift of sanctions, market participants believe that Iran’s supply of LPG will rise largely and ta

October 19, 2015

The State Council: oil product and LNG prices tends to marketization

On October 15th, the State Council of China released State Council’s Advices on the Reformation on Price Mechanism, and it pointed to speed up the marketization of energy price and select

October 16, 2015

Teapots might participate in China Crude Futures

According to an informed source, “Shanghai Crude Futures should be listed by the end of December as soon as possible.”

October 16, 2015

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