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IEA predicted that the oversupply in petroleum market may last to H1 2017

According to Reuters, IEA’s report showed that the sharp decline of international petroleum demand and increased inventory proved the oversupply may last to 2017.

September 20, 2016

Feed gas price may fluctuate greatly against soaring import volume

Data from customs showed that import volume of feed gas was above 40,000 mt per month since the third quarter of 2015.

September 20, 2016

Bunker oil price increased slightly amid modified market sentiment

Entering September, bunker oil price increased, underpinned by the rising of blending oil. The price of blending 180CST continued to rise slightly. According to JYD, the theoretical profit o

September 20, 2016

CNOOC and Shell Petrochemical Company cooperates with phase II of Huizhou Refining

Background: On September 6th, CNOOC and Shell Petrochemical Company under CNOOC singed loan agreement on project expansion with bank consortium consisting of 8 financial institutions, raisin

September 19, 2016

Main refineries crude processing volume rallied in September

Main refineries crude processing volume rallied in September

September 19, 2016

Why America is the main obstacle to reach the freezing production agreement?

According to Reuters, because of the slowed demand and oversupply strengthening, OPEC and Russia showed that they may freeze the production. Affected by this, oil prices had swung mostly in

September 18, 2016

PetroChina will launch the crude pipeline project in Bangladesh

PetroChina will launch the crude pipeline project in Bangladesh

September 18, 2016

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