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East Asia Ports Union boosts nations cooperation along the Sea Silk Road

On July 26th, East Asia Ports Union was founded in Huangdao of Qingdao City, marking that ASEAN and China, Japan & South Korea (10+3) cooperation platform in ocean field officially started c

July 27, 2016

China diesel exports slid 25% in June

In June, China’s total import volume of diesel settled at 190,100 mt, a sharp increase of 366.73% versus previous month

July 27, 2016

China gasoline exports continued to increase 41% in June

In June, China’s total import volume of gasoline was 77.88 mt, rising 8440% MoM, according to data released by the General Administration of Customs (GAC).

July 27, 2016

National refined oil price index continued declining

According to reports from Daqing Petroleum International Information Center as of 22nd July, national refined oil price index was 580.17, down by 0.66%.

July 27, 2016

China import bonded jet fuel CIF rose 10% MoM

Xinhua Agency Petroleum Price System released on July 26th that, China import bonded jet fuel CIF in June settled at CNY2,900/mt, increasing CNY279/mt against the previous month, or 10.64% M

July 27, 2016

ConocoPhillips plans to layoff another 1000 staffs

According to news from Dow Jones on 22nd July, ConocoPhillips, one of the largest shale oil producers in US is planning to layoff another 6% staffs.

July 27, 2016

Fushun Petrochemical hydrogenation base saved CNY7million

Fushun Petrochemical third oil plant hydrogenation base has been saved CNY3.46million since the summer program was started in April. It is expected that CNY6.92million could be saved before

July 27, 2016

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