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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

Local debt may get solution from released national balance sheet

National Balance Sheet released from the Chinese Academy of Social Sciences showed on July 24th, 2015, by the end of 2014, local government total capacity was CNY108.2 trillion, total debt w

July 27, 2015

Pension entering into stock market will be hard to reach CNY600 billion

Not only Guangdong, Shandong has injected pension into stock as pilots, but also seven regions including Jiangsu, Zhejiang and Beijing are expected to enter the market as well.

July 24, 2015

LPG retail price in Haikou down by CNY6/bottle

According to Haikou Price Bureau, LPG in the city’s third market has been sold at CNY75/bottle since July 17th, down CNY6/bottle from June 11th.

July 23, 2015

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