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Shandong Shenchi is officially granted to use import crude 2.52 mln mt

Shandong Shenchi is officially granted to use import crude 2.52 mln mt

November 03, 2016

China's imported crude oil rose from 2015 to become the largest crude oil importer

According to the data, in September China's imported crude oil rose by 18% YoY to 33.06 million mt, around 8.04 million bbl/d, higher than 7.98 million bbl/d in the US at the same period and

October 31, 2016

China import fuel oil continued to drop 19% in September

In September China imported fuel oil 736,000 mt, down by 171,800 mt or 18.93% MoM, and the fuel oil export volume settled down by 675,000 mt or 8.11% MoM.

October 31, 2016

MTBE import volume lifted 75.23% in September

Entered into September, international crude futures maintained vibrating. Encouraged by the festival, gasoline and blending gasoline market behaved better, and the prices raised. MTBE deals

October 31, 2016

OPEC has not reached the production limit agreement with non-OPEC members

OPEC and other main oil producers ended the two-day’s meeting at Vienna on October 29th with failure amid serious divergence among OPEC members.

October 31, 2016

Export volume of Iranian crude oil to decrease to a four-month low in Nov

According to a source familiar with Iranian crude tankers’ primary schedules, the seasonal weak demand in Europe depressed the export passion of the crude oil in Iran.

October 31, 2016

US active petroleum drilling wells slipped for the first time in recent 4 months

According to Baker Hughes, up to October 28th, the number of US active petroleum drilling wells decreased 2 to 441, which was the first slipping since June. What’s more, the total numbers

October 31, 2016

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