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China fuel oil apparent consumption skyrocketed by 61.97% in May

In May, China fuel oil apparent consumption soared up by 1,225,800 mt MoM to 3,203,700 mt, or 61.97%. In the first five month, the fuel oil AC settled down by 2.98% YoY to 12,879,300 mt.

June 29, 2016

China major refiners jet fuel EXW price to continue rise in July

According to JYD, during May 25th-June 24th, the jet fuel average price in Singapore settled at $58.47/bbl, up by $4.47/bbl and the tax-paid price of jet fuel CIF was CNY3,725/mt, sharply up

June 29, 2016

Good domestic demand slightly pushed MTBE imports in May

In May, international crude futures moved upwards, followed by gasoline and diesel prices. Trading atmosphere was acceptable. From import and export sides, MTBE imports and exports both slig

June 29, 2016

Weifang liquid chemicals wharf begins construction

Weifang liquefied chemicals II stage project started construction by Longxiang Holding Group, a China leading wharf serves supplier especially on handling and storing liquefied chemicals.

June 29, 2016

Baise-Kunming oil products pipeline operation improves SW energy structure

Sinopec Baikun (Guangxi Baise-Yunnan Kunming) oil products pipeline was put into operation on June 27th, and the oil products had been transported to Kunming Changpo Oil Depot, marking that

June 29, 2016

2016 Canada’s oil production suffered its first decline since 2009

According to reports by RIA Novosti on 23rd June, Canada Petroleum Producers Association predicted that Canada’s oil production would be declined from 3.852million bbl in 2015 to 3.824mill

June 28, 2016

China import crude market review (II)

Since April 2015, China surpassed America for many times ranking the global largest crude importer.

June 28, 2016

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