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Shandong ports oil inventory declined amid few arrivals and high run rate

The data from JYD showed that the coastal crude and commercial fuel oil inventory grew down slightly in Shandong, and on July 14th the total stocks in Qingdao, Longkou, Laizhou and Rizhao po

July 14, 2016

OPEC oil output reached the peak in H1

The latest data showed, in June the daily crude oil output of OPEC was close to 32.9 million barrels, reaching the peak in the first half of this year.

July 14, 2016

US crude oil inventory would be reduced for eighth-consecutive-weeks

According to the research announced on 11th July that US crude oil inventory would be reduced for eight-consecutive-weeks, gasoline inventory would be stable and refined oil inventory would

July 14, 2016

PetroChina wins the bid of Saudi Aramco pipeline project

PetroChina Pipeline Company reported that, it had won the bidding of Saudi Arabia Ras Tanura pipeline project of Saudi Aramco Company with total contract amount 330 million dollars.

July 14, 2016

China’s refined oil prices index fell slightly

According to reports released by Daqing International Petroleum Information Center as of 8th July, national refined oil prices index went down by 0.28% to 590.54, national refined oil prices

July 14, 2016

Teapots crude import slid gently to 1 mln b/d amid blocked ports and overhauls

The data from General Administration of Customs of the PRC showed, in June China import crude set at 30.62 million mt, about 7.5 million barrels per day, down by 3.82% against the previous y

July 14, 2016

Five new lighthouses in South China Sea assured the navigation infrastructure

China Ministry of Communication released on 10th July that China started construction of 5 large-scale multifunction lighthouses in succession in South China Sea since May 2015.

July 14, 2016

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