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28 November 2014 - OPEC and Russia likely to maintain oil output level despite price fall

OPEC members have met to discuss crude oil production levels as oil prices have plummeted and reached a four-year low since September 2010, at US$75.75/bbl for Brent. The bulk of OPEC countr

December 01, 2014

Upcoming Ninth Consecutive Fall in Domestic Gasoline & Diesel Market

The eighth consecutive fall came just as predicted on November 15th. Last week, domestic oil product market was filled with negative sentiment as prices of both gasoline and diesel all maint

November 21, 2014

Mao Jiaxiang: China's oil product demand growth to slow after 2020

China's demand for oil products will falter after 2020 and its crude oil demand is to reach a peak of 700 million mt around 2030, Mao Jiaxiang, the deputy director of the Sinopec Economic Te

November 20, 2014

Russia to cut crude oil export tariff from Dec

Russia will lower crude oil export tax to $277.5/mt as of Dec 1st, 2014, down 12.4% from the previous $316.7/mt.

November 18, 2014

Three Energy Giants Stand up to Winter Gas Demand

Entering into November, peak natural gas demand is now approaching in the northern China supported by heating supply. It was reported that the three energy giant, have fully prepared for win

November 05, 2014

CNOOC Q3 Oil & Gas Sales Revenue Reaches CNY53.6 Billion

Based on the unaudited announcement for the third quarter of 2014, China National Offshore Oil Corporation (CNOOC) has gained the revenue of CNY53.6 billion for oil and gas sales, decreasing

October 31, 2014

Alkylation Boom Cools down

As climate warming has become a greater concern around the globe, oil products upgrading has been put onto agenda in China.

October 30, 2014

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