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Low activity in fuel oil moving in and out rebounded fuel inventory in East China

According to JYD concerned from East China oil depot, on 26th May, fuel oil business inventories in East China totaled 920,000mt which in the total capacity of 61.74%, up 15,000mt WoW.

June 08, 2016

Imported LPG market in Zhejiang and Jiangsu

Imported LPG emerged from three year ago. Imported LPG in East China ran around cost line from lucrative profit.

June 08, 2016

Wars of China import crude: Russia VS Saudi Arabia

In April, China imports crude 4.806 million mt from Russia, increasing 52.4% against the previous year, and closed to the historical peak in December 2015. Meanwhile, Russia surpassed Saudi

June 08, 2016

China gasoline export exerted pressure to international market profitability

China gasoline export exerted pressure to international market profitability

June 07, 2016

Naphtha crack spreads rose but excess supply continued in Asia

On 30th May, Asian naphtha crack spreads were settled at $48.28/mt, up 0.7%. Traders said the situation of excess supply would not change in short-time.

June 07, 2016

Rosneft signed crude oil supply agreement with ELPE

According to media reports in Athens on 28th May, Russian Oil Company signed a deal with Hellenic Petroleum Company in Athens on 27th May on Russia to supply of crude oil to Greece and key c

June 07, 2016

Iran signs a long-term LPG supply contract with Pertamina

Pertamina will purchase 600,000 mt LPG from Iran. After cancelling sanction on Iran in 2015, its export volume of various products has grown significantly, up 100% from previous period.

June 07, 2016

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