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Hard days of deep processing plants come again

In June 10th-June 16th, profit of olefin deep processing generally was low. According to JYD, profit of alkylation unit averaged CNY139.7/mt.

June 17, 2016

Shandong ports oil stocks increased slightly amid overhauls of teapots

The data from JYD showed that the coastal crude and commercial fuel oil inventory grew up slightly in Shandong, and on June 16th the total stocks in Qingdao, Longkou, Laizhou and Rizhao port

June 17, 2016

Asian countries are the main crude importers for Saudi Aramco

Saudi Aramco’s annual report read, in 2015 the crude exporting to Asian countries made up 65% of the total crude imports of Saudi Aramco, including China, Japan, South Korea, Philippines a

June 16, 2016

Zhenhai Refinery completes maintenance; LPG output grows

CDU unit of Zhehai Refinery conducted maintenance from the second half of April and finished on June 13th. Residential LPG output grew gradually from 200 mt per day during maintenance.

June 16, 2016

Zhoushan Port 0.3 mln dwt oil public wharf

This wharf project is located in Waidiao Island of Ningbo-Zhoushan Port, constructed by Zhoushan Port Waidiao Oils Emergency Storage & Transport Co., Ltd, including a wharf with 300,000 dwt

June 16, 2016

Rizhao-Dongming crude pipeline to put into operation

According to PetroChina, by the strict spot inspection and audit, Rizhao-Dongming crude pipeline (Ridong crude pipeline) passed the completion acceptance, marking the official operation of C

June 16, 2016

International crude futures fell back shocked refined oil market

As of middle June, international crude futures fell back to around $50/bbl. According to JYD as of 15th June, Shandong 93# blended gasoline was average at CNY4,572/mt, down CNY28/mt than in

June 16, 2016

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