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Lijin and Kenli Petchem gained crude import right

On September 21st, China Department of Commerce released Granted Crude Import Qualification to Lijin and Kenli Petchem for Non-state Trade, and Lijin and Kenli Petchem gained the crude impor

September 23, 2015

Singapore gasoline import margin increased to CNY306/mt

According to JYD, import margin of Singapore gasoline for South China-based importers soared to CNY137/mt on average during September 1st-7th, an large increase MoM. At the same time, diesel

September 23, 2015

A green challenge for bunker is coming

On August 31st, Ministry of Transportation released Implementation Plan on Special Operation of Ship and Port Pollution Prevention (2015-2020).

September 23, 2015

A sharp cut of crude supports good margins of China main refiners

Crude fluctuated recently, mixing with bearish and bullish sentiment, such as the end of gasoline consumption peak in US, fears about China economic downturn and no reduction plan of OPEC.

September 22, 2015

Goldman Sachs: crude will run low in the next 15 years

Jeffrey Currie, the commodity research executive of Goldman Sachs, said that amid supply glut crude price will in a low level in the next 15 years, but the chance of breaching $20/bbl is les

September 18, 2015

OPEC: crude will rise to $80/bbl in 2020

OPEC said in its latest report, the crude would rally to $80/bbl in 2020 after up adjustment on crude demand in 2016.

September 18, 2015

Hubei bids for five shale gas projects

The five shale gas projects with a total investment of CNY15 million have been authorized to three local geological exploration companies.

September 17, 2015

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