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America crude export soars up by 700%

Since December 2015 America removed the 40-year crude export ban, America crude exports to the world except Canada increased by 700%.

June 21, 2016

LPG price is sluggish against no bullish news

Against slack season of demand, refineries in China are in outage for maintenance intensively, which cuts much pressure on the sluggish market.

June 21, 2016

Wudi Xinyue was granted to use import crude 2.4 mln mt

China Petroleum and Chemical Industry Federation (CPCIF) claimed that Wudi Xinyue Chemistry was qualified for using import crude 2.4 million mt/yr after the publicity.

June 21, 2016

Hebei Caofeidian 0.3 mln cbm oil depot

Hebei oil depot project with 300,000 cbm is located in Tangshan City Caofeidian Chemical Industry Park, and invested by Tangshan Bohai Petroleum Refining Company with 1,250 million yuan, wit

June 21, 2016

Less supply promoted naphtha crack spreads

On 17th June, naphtha crack spreads were settled at $53.83/mt in Asia light distillate oil market because of the less supply of Western naphtha arbitrage cargo.

June 20, 2016

Russia reduces Urals crude price under pressure of Iran return

As the sanction lifting of Iran in February, the global crude oil had felt the competition pressures of Iran.

June 20, 2016

Gasoline glut will slow down China crude import growth

BMI reported that, China crude import pace might slow down as the domestic gasoline supply glut intensified continuously.

June 20, 2016

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