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US crude inventory was estimated to lift 0.8 million bbl

According to foreign media, on October 24th, US crude was estimated to lift and the gasoline inventory and refined oil inventory dropped.

October 26, 2016

CEFC Rizhao petroleum reserve I stage

CEFC Rizhao petroleum reserves I stage is located in the west area of Lanshan Chemical Industry Park in Rizhao City of Shandong Province, closing to Hankun Energy and Shandong Pusheng Petrol

October 26, 2016

Angola replaced Russian to become China's largest supplier of crude oil

Reportedly, according to the customs' September data released on October 24th, Angola replaced Russian to become China's the largest supplier of crude oil for the second time in the year.

October 26, 2016

Refined oil may face its decreasing trend later

The weak news about OPEC’s freezing production agreement turned the marketers to focus on the crude fundamentals, and oil prices were vibrating around $50/bbl amid deadlocked bearish and b

October 26, 2016

Despite successive operation of coal chemical projects, feed gas quality is mixed

4 million/yr indirect coal liquefaction pilot project of Shenhua Ningxia Coal conducts hot commissioning successfully after changes of environmental impact assessment and comprehensive utili

October 26, 2016

Teapots CDU growth is slowing down and will peak in 2017

According to JYD, by the end of October 2016 China's independent refineries with normal operation or have intermittent production are 117, with total refining capacity of 267 million mt/yr,

October 26, 2016

National V Standard oil products in Tahe Refinery was delivered to four western provinces

According to the requirement of NDRC (National Development and Reform Commission) and Xinjiang's Development and Reform Commission, National IV Standard gasoline and diesel will completely e

October 24, 2016

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