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CNOOC Daxie 13 bln yuan distillate oil project operation

Recently, CNOOC Daxie Petrochemical distillate oil comprehensive utilization project with total investment 13 billion yuan is put into operation in Ningbo officially.

July 05, 2016

China plans US$80bn oil and gas infrastructure investments in Nigeria

China has signed US$80bn of oil and gas infrastructure agreements in Nigeria: China will invest in oil and gas production infrastructures, in pipelines, refineries, power plants, upstream an

July 05, 2016

Shandong ports crude and fuel oil inventory slid slightly

The data from JYD showed that the coastal crude and commercial fuel oil inventory went down by 20,000 mt in Shandong, and on June 30th the total stocks in Qingdao, Longkou, Laizhou and Rizha

July 04, 2016

Singapore oil products import arbitrage continues to slide

In June 1st-30th, 2016, Singapore gasoline import profit in South China was average at –CNY662/mt, decreasing CNY227/mt against May; diesel import profit declined to –CNY14/mt, CNY219/mt

July 04, 2016

China 3rd batch of oil products export quota

Recently, China the third batch of export quota of oil products made of processing with supplied materials in 2016 was released, and the total export quotas settled at 6.045 million mt

July 04, 2016

Spread between China propane and U.S. propane still exists after Panama Canal extension

The first VLGC transited Panama Canal on June 26th-June 27th after extension. Since then, it will only take 25 days to transport propane produced in the U.S. to the Far East, cutting over 15

July 04, 2016

PetroChina approved the recombination of oilfield services

On June 29th, PetroChina released that it had approved the recombination plans on oilfield services.

July 01, 2016

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