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High margin of main refinery reached CNY1,041/mt

The main refineries’ margins following declined oil product price shrunk, but it was higher than the previous year’s.

July 30, 2015

Purchase on demand weighs on LPG market

nternational crude prices went down continuously. Domestic LPG market hasn’t show any sign of boom. As spread between feed gas and domestic gas narrowed down, domestic gas market weakened.

July 30, 2015

Russia supplies 200,000mt LPG to Syria annually

According to a report from a Russian media, Russia planed to supply Syria with 200,000mt LPG every year through Kerch Trading Port.

July 30, 2015

ConocoPhillips withdraws from China shale gas market

ConocoPhillips claimed that it has stopped shale gas exploitation cooperation with PetroChina and Sinopec in Neijiang and Qijiang respectively and has no other exploitation projects in China

July 30, 2015

Iran will invest $185 billion in oil and gas

After signing a nuclear agreement with the international community, Iran declared to revive its pillar industries and will invest $185 billion in oil natural gas by 2020.

July 30, 2015

China crude strategic storage demand rose

In June, China import crude settled at 29.49 million mt, up by 26.9% MoM and 26.7% YoY. From January to June, import crude totaled 163 million mt, an increase of 7.5% YoY. China export crud

July 29, 2015

Sino-Russia west-line natural gas pipeline project was postponed indefinitely

Sino-Russia west-line natural gas pipeline is facing the undated postponement due to decreased China fuel demand.

July 28, 2015

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