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LPG supply in part of Northeast China shrinks

It is learned by JYD that Liaoyang Petrochemical will conduct overall maintenance from July 5th still with LPG inventories to be sold. Normally, Liaoyang Petrochemical supplies 300-500 mt LP

July 07, 2016

Global crude surplus will sustain until 2018

Reuters reported that, based on the data of analysts, traders and petroleum companies, except some country that had same scale of oil production with Nigeria cut down its crude output by hal

July 06, 2016

Petrochemical private enterprises main business income would be 6.5 tln yuan by 2020

During the 12th Five-Year Plan, China petrochemical industry private enterprises made substantial progress, and by the end of 2015, main business income of private enterprises accounted for

July 06, 2016

Sinopec Maoming lifts the crude run by 6.62% in July

According to JYD, Sinopec Maoming planned to process crude 1.61 million mt, up by 6.62% MoM, with daily run 51,900 mt, up by 3.18% MoM, gasoline with 0.38 million mt, diesel with 0.35 millio

July 06, 2016

South China teapots run rate remains low despite Zhuhai Huafeng restart

CDU with 1 million mt/yr of Zhuhai Huafeng restarted on July 3rd, and it had produced oil products without pricing.

July 06, 2016

US oil reserves surpass those of Saudi Arabia and Russia

The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study.

July 06, 2016

Sinochem Hongrun gasoline export stayed high in May

The data showed, in May China exported gasoline 777,900 mt, increasing 9.9% MoM and 105.19% YoY. In January-May the total gasoline exports settled at 3,349,500 mt, up by 63.31% YoY.

July 06, 2016

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