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Pessimism diffused in oil market, cautious attitude still needed

On 12th July, oil prices slightly rallied. WTI futures were settled at $44.69/bbl, up by 0.04%; Brent futures were settled at $46.23%, up by 0.15%. However, amid the adequate market supply,

July 13, 2016

China fossil energy consume will reach the peak in 2030

CNPC Economics & Technology Research Institute released the report World and China Energy Outlook 2050 reading that under the policies of rapid adjustment of economic structure and the contr

July 13, 2016

CEFC Yangpu petroleum reserve base was put into operation

Hainan the largest crude storage base-CEFC Yangpu I stage project was put into operation on July 2nd officially.

July 13, 2016

OPEC crude output hit 8-year high in June

In June, the data from Platts showed, the crude production of OPEC members grew up by 300,000 barrels per day against the previous month.

July 13, 2016

British exit from EU would not affect the long-term trend of oil prices

On 23rd June British exit from EU has leaded to a global financial market volatility, investment funds gradually flowed to hedge products include gold. International crude futures continued

July 13, 2016

Shaanxi oil products market kept gloomy in H1

In the first half of 2016, China oil products market sustained weak. In Shaanxi Province in June the crude run and oil products output gained the growth against the previous month, but and s

July 13, 2016

Shandong’s longest pipeline has been joined up

According to reports by Shandong Television, Yantai-Zibo Pipeline which the longest pipeline in Shandong Province has been joined up after five years of construction. Total pipeline length o

July 13, 2016

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