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Oil product price marketitilization in Sichuan is accelerating

Sichuan Province government released Sichuan Province Pricing Mechanism Reform Implementation Plan, claiming to accelerate the price marketilization in energy price, water price, transportat

August 10, 2016

Iran approved new oil contract model on improving productivity

According to reports by Iran PressTV on 3rd August, Iran’s president Rouhani chaired a cabinet meeting on Wednesday to approve a new model for the country’s oil contracts.

August 10, 2016

The active drilling in US increased by seven

The data released by US Baker Hughes indicated that US crude oil active drilling increased 7 to 381 as of 5th August, which has increased in six-consecutive-weeks.

August 10, 2016

Low demand in teapots lowered China’s crude oil imports in July

According to General Administration of Customs of PRC on 8th August, amid slowdown in teapots, China’s July crude oil imports took it to a six-month low. However, net fuel oil exports surg

August 10, 2016

LPG supply of Changling Refinery may decline later

To promote quality upgrade of oil products, Changling Refinery invited sales companies, like Sinopec Central China Sales branch, Hunan Petroleum, to Changsha discussing production and sales

August 09, 2016

Shandong teapots push up oil product prices amid a global crude price rebound

At the beginning of August, the international crude oil futures went up to $42/bbl, and according to JYD, the reference crude oil change rate is -0.13% up to August, 5th.

August 09, 2016

Opec to hold informal meeting in September

Opec has said it will meet informally in September as the oil exporters’ group grapples with a renewed dip in crude prices since its last meeting in June.

August 09, 2016

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