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China potential oil resources is 30.1 bln mt

China the Ministry of Land and Resources released the dynamic evaluation results of national oil and gas resources in 2015, showing that China had sufficient oil and gas resources.

June 14, 2016

China crude output recorded the largest decline since 2001

The crude output in May of China set the largest year-on-year decline since 2001, indicating that the strategy of OPEC pouring large amount of crude to drive away the oil producers with high

June 14, 2016

Saudi Aramco raised exported crude oil prices to Asia

On 5th June, the world’s largest oil exporter Saudi Arabia raised most of grade of crude oil prices export to Asia in July.

June 14, 2016

More demand promoted naphtha crack spreads in Asia

On 10th June, naphtha crack spreads were settled at $45.68/mt in Asia light distillate oil market.

June 14, 2016

Haiyou Petchem was granted to import crude

China Commerce Department released that it had checked the application materials about crude import qualification for non-state trade of Haiyou Petrochemical Group, and after the check the d

June 14, 2016

Overcapacity in China’s refining industry fuels diesel exports

According to data from China Petroleum Economics & Technology Research Institute, China’s total oil refining capacity reached 710million mt by the end of last year.

June 14, 2016

Highlights of LPG market in the second half of June

Firstly, the United Kingdom will conduct referendum about whether quitting from EU on June 23rd. The latest poll shows that quitting from EU has overpassed 10 percentage points from staying

June 13, 2016

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