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The up-regulated retail price is coming with limit hike of oil products wholesale price

Recently, international crude futures prices moved with mixed trend. Oil prices declined slightly due to the Federal Reserve (FED) chairman Yellen’ Hawkish speaking and the better economic

November 29, 2016

Catalytic unit of Jingmen Petrochemical is to conduct maintenance

No. 2 1.4 million mt/yr catalytic unit of Jingmen Petrochemical is scheduled to conduct maintenance from December 15th 2016 to January 17th 2017, which is not fully confirmed. And output red

November 29, 2016

International oil prices plummets $2/bbl as uncertainty exists before OPEC's meeting

The US crude oil price declined 4% on November 25th. Saudi Arabia claimed it would not attend the meeting about OPEC and non-OPEC countries discussing production cutting beforehand as it was

November 29, 2016

Haite Weiye completes maintenance

It was learned that maintenance of 300,000 mt/yr isomerization unit of Haite Weiye started from early October and finished on November 27th. Currently, daily output of the unit is about 200

November 29, 2016

Shandong would build 13 crude terminals in coastal ports

Shandong would construct 13 crude oil terminals, 39 terminals for oil products and liquid chemicals, as well as 3 LNG terminals, which would reform the oil and gas sea transporting system se

November 28, 2016

Decreased LPG output is positive news to the market

Since November 20th, due to cold air, rains and snows occurred in most regions of central China and eastern China. After temperature dropped to below zero, icy road hindered LPG transportati

November 28, 2016

Blend oil price rises again, but profits shrink

Recently, international crude oil futures price moved upward generally and domestic blend oil market price climbed again boosted by the news side. According to JLC data, Shandong 93-Ron blen

November 28, 2016

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