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China is still the largest crude export destination for Oman

Oman national information and statistics center showed, in January-May, 2016, Oman crude production was 151 million barrels, and exports settled at 137 million barrels, up by 4% and 8.1% res

August 02, 2016

China gasoline export first broke 1 mln mt for the first time

As the domestic demand slowdown made the supply surplus markedly, China gasoline exports doubled against the previous year, the first time outpacing 1 million mt, and what’s more the gasol

August 02, 2016

PetroChina announces new investment cut between 2016 and 2020

Chinese oil group China National Petroleum Corp. (CNPC) has announced that it would cut its annual investment between 2016 and 2020 to around Cyu 260bn (US$39bn), a nearly 40% reduction from

August 01, 2016

Deep processing companies still get profits amid sluggish market

July 22nd-July 28th, average profit of olefin deep processing was flat. According to JYD, profit of alkylation units averaged CNY258.5/mt, down 10.24% from last week.

July 29, 2016

Rizhao-Yizheng crude pipeline throughput stimulation project

Recently, Jiangsu Province Development Reform Commission released the permit of Rizhao-Yizheng crude pipeline oil transportation station throughput stimulation project in Jiangsu Province.

July 29, 2016

CNOOC pre-losing 8 bln yuan in H1

In late July, CNOOC released the earnings preannouncement that its profit in the first half year was expected to loss 8 billion yuan, but in the first half year of 2015 its profit settled at

July 29, 2016

China fuel oil apparent consumption plunged 34% in June

In June, China fuel oil apparent consumption plunged by 1,088,000 mt MoM to 2,115,700 mt, or 34%. Additionally, in the first half year of 2016, the fuel oil AC settled down by 7.04% YoY to 1

July 29, 2016

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