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Where's the bottom for crude oil?

On December 12th, crude price dropped sharply for fear of purples oil supplies as Goldman Sachs slashed the price forecast in the short term and four refineries in US east coast catching fir

January 13, 2015

Asian naphtha crack spread rebounds from 2.5 year low

Having spurred by sliding Brent crude, Asian naphtha crack spread was heard to rebound on January 6 (Tuesday) from two-and-a-half year low and reached a three-day high of $31.23/mt.

January 12, 2015

Roundup: New resource tax rates for coal in various regions of China

Various provinces and cities in China initiated to implement the price-oriented resource tax levy from January 1st, 2015.

January 09, 2015

Shanxi's coal inspection cancellation to cut CNY13 bln burden for producers

Reportedly, Shanxi province had dismantled 1,487 coal inspection stations as of December 31st, 2014, marking an end to the road charging policy for coal trucks that lasted for 30 years.

January 09, 2015

Shengli crude settlement suffers slumps, keeping refining at a loss

This week, Shandong teapots’ processing Shengli crude oil remained at a loss.

January 08, 2015

Inner Mongolia unveils conversion rate of washed coal for resource tax levy's sake

On January 4th, 2014, the financial and taxation authorities in Inner Mongolia Autonomous Region issued a table of conversion rates for washed coal, which will be used to calculate the amoun

January 08, 2015

Roundup: Ordos coal industry performance in 2014

In 2014, Ordos, Inner Mongolia sold 560.67 million mt of coal in total, with a yearly drop of 15.49 million mt or 2.7%. Coal prices averaged at CNY226/mt in Ordos in 2014, falling CNY40/mt o

January 08, 2015

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