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OPEC may earn $427 billion via petroleum export

According to the TI Manifesto in Dubai, EIA predicted that the export earning of OPEC in 2017 may be 427 billion dollars, while it was predicted to be 341 billion dollars in 2016.

September 13, 2016

Iran continues to increase the crude output

The oil giant Iran said in September, in next few months, Iran crude oil production would be recovered to the level before sanction, which completely ignored the agreement between Russia and

September 13, 2016

The retail prices of refined oil may be down-regulated after Mid-autumn

Recently, international oil prices were fluctuated by the bearish and bullish news. The bearish news such as the soaring inventory of American crude oil in early September and the highest pr

September 13, 2016

China imports crude 89.01 mln mt by Sino-Russia pipeline

China imports crude 89.01 mln mt by Sino-Russia pipeline

September 13, 2016

Completion rates of teapots on import crude quotas are unsatisfied

Since China government opened the usage right of import crude and crude import right in 2015, there are 16 independent refineries gained a total amount of 64.53 million mt of import crude us

September 13, 2016

LPG output fails to increase temporarily amid new discovery in Shunbei Oil Filed

After discovery in Yin-E Basin, new oil wells are discovered in Shunbei Oil Field in Northwest China.

September 12, 2016

Profit of deep processing plants declines

September 2nd-September 8th, profit of alkylation units declined greatly with gross profit only reading CNY100/mt and net profit declining to cost. Profit of aromatization units reversed to

September 12, 2016

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