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PetroChina net profits slid by 97.9% YoY; CNOOC net loss to CNY7.74 bln in H1

On August 24th, PetroChina and CNOOC both released the semi-annual report. As the oil and gas prices declined continuously, PetroChina net profits sharply slumped by 97.9% on a yearly basis,

August 25, 2016

Southern bunker oil market is optimistic under the background of meager profit era

The blending 180CST had a profit around CNY100/mt amid blending oil traders’ complain of the tiny profit in the whole country. According to JYD, the theoretical profit of domestic blending

August 25, 2016

International LPG supply continues growing

LPG supply in international market continues growing. With source from Shaubah oil field Saudi Arabia gets a new set of NGL unit, pushing LPG output up from 7,500 barrels a day to 10,000 bar

August 25, 2016

Angola ranks the largest crude supplier to China

In July, China imported crude 4.72 million mt from Angola, increasing 23.3% on a yearly basis, compared with 4.03 million mt and 3.23 million mt from Saudi Arabia and Russia.

August 25, 2016

Teapots Shengli crude refining suffered a loss of CNY127/mt

This week, based on the settlement price CNY2,700/mt of light marine crude (density: 0.88-0.90) increasing CNY100/mt WoW at Shandong market on August 24th, the theoretical processing profits

August 25, 2016

How feed gas market develops in September

In recent years, gas deep processing has gotten prosperous development. Topics from the decline of aromatization unit to the rapid development of alkylation units never end in feed gas marke

August 25, 2016

Unsatisfied profits clamped down Shandong teapots run rate

According to JYD statistics from 41 Shandong teapots, up to August 24th, 2016, the CDU run rate ended down by 0.21 percent WoW to 47.35%.

August 24, 2016

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