Oil
OMV Oil Company Peter Zeilinger said that affected by the decline in crude oil prices, OMV planned to shut down 250 more drilling in 2016 after 350 drilling had been closed in 2015.
August 17, 2016
According to the research released on 15th August, inventory of US crude oil, gasoline and refined oil declined. According to 5 analysts’ average surveyed expectation, US crude oil invent
August 17, 2016
Propane price in international market kept low since 2016. Crude price rebounded from $30/bbl to above $40/bbl. But propane price failed to move upward as crude oil price.
August 17, 2016
Ongoing price growth of crude oil stimulated the mild market. Plants pushed up the price and downstream purchased actively when the price was high. Driven by this, butane market also turned
August 17, 2016
China Petroleum and Chemical Industry Federation (CPCIF) claimed on August 14th that Shandong Shenchi Chemical was qualified for using import crude 2.52 million mt/yr preliminarily.
August 16, 2016
According to OPEC monthly report, international crude oil market might remain weak amid the seasonal slowdown in demand. OPEC predicted that in next few months, crude oil consumption would i
August 16, 2016
In August, the domestic main refineries maintenance increased leading to Sinopec and PetroChina crude oil processing load fall 3.67% MoM. The processing volume of these two refineries of cru
August 16, 2016
