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OPEC production decreased in July

According to the integrated data from survey of analysts of oil companies’ investigation and oil tanker tracking. Daily output of OPEC 13 oil producing countries dropped 800,000bbl/day in

August 08, 2016

Feedstock prices slumped, blended oil profits slightly lifted

In July, domestic blended gasoline and diesel profits slightly increased. According to the monitoring data by JYD, blended gasoline profits were settled at CNY282/mt, up CNY19/mt MoM; blende

August 08, 2016

Sinopec Maoming crude run up by 2.48% in August

According to JYD, Sinopec Maoming planned to process crude 1.65 million mt in August, up by 2.48% MoM, with daily crude run 53,200 mt, up by 2.48% MoM. The planning gasoline output was 385,0

August 05, 2016

China teapots buy 2 mln bbl crude from Iran

National Iranian Oil international division principle Mohsen Qamsari said recently, China independent refiners had bought 1 million barrels crude from Iran, and he pointed out this was the l

August 05, 2016

China petroleum apparent demand gained the growth of 4% in June

In June, China petroleum apparent demand showed the first stable sign after long-term demand dropping, as industry activity rally propped up the fuel demand such as diesel from the lowest le

August 04, 2016

Sinopec sells 50% shares of Sichuan to West Gas Pipeline amid high debt ratio

Recently, Sinopec passed the bill on Sichuan to West Gas Pipeline project to introduce capital, and after selling Sinopec would continue to hold 50% shares of Sichuan to West Gas Pipeline.

August 04, 2016

LPG-DME spread reads low record; DME capacity grows negatively

Latest data from JYD showed that run rate of DME units kept stable this week after dropping to 20% last week. As most DME units in Henan were in outage, transaction volume at local market st

August 04, 2016

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