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NDRC: China crude output to drop by 7% in 2020

According to the government plan report issued by the National Development and Reform Commission (NDRC) on January 17th (Tuesday), in the 13th Five-Year plan, China crude oil output will dec

January 20, 2017

China teapots' 1st batch of imported crude oil quotas in 2017 were slashed

On January 18th, 2017, China the first batch of crude oil import volume for non-sated trade which received much concern and controversial was issued by Ministry of Commerce with 68.81 millio

January 20, 2017

Oil products import arbitrage shrank amid price ups-downs in South China

According to JLC data, domestic gasoline & diesel prices declined sharply during the period of January 1st-15th, 2017. Gasoline prices dropped by 7.46% and diesel prices slumped by 7.33%

January 20, 2017

Teapots crude import license in 2017 to be issued

The Ministry of Commerce has issued the total crude import allowances of non-stated trade since December 1st, 2016 and teapots began to apply for crude import allowances in 2017.

January 18, 2017

China oil product market hardly ended falling in the short run

China oil product market hardly ended falling in the short run

January 18, 2017

Insider: OPEC cannot fully comply with output-cutting deal

Several representatives of OPEC claimed though Saudi Arabia said its output-cutting range had surpassed the committed level, the overall production-reduction goal of OPEC cannot be fully rea

January 16, 2017

Despite low inventories, DME price declines

Latest data from JLC showed that run rate of DME units grew significantly to 21.85% in the week ending January 12th, 2017.

January 13, 2017

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