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China oil product export stayed high amid grim status of supply and demand

The customs data showed, in April the oil products were exported 3.678 million mt, down by 1.87% MoM, and the imports of oil products were up by 2.36% MoM to 2.512 million mt.

May 16, 2016

IRNA: China will help Iran develop oil & gas industry

IRNA: China will help Iran develop oil & gas industry

May 16, 2016

Sino-Russia crude pipeline 2nd-line will start construction in June

Sino-Russia crude pipeline 2nd-line will start construction in June

May 13, 2016

China teapots imported crude 1.2 mln bbl/d in April

In April, the independent refineries’ crude import volume might reach 1.2 million barrels per day, a sharp increase from 0.85 million barrels per day in March.

May 13, 2016

PetroChina Yunnan’s refining project 13 mln mt/yr being operational in 2016

China’s Ministry of Environmental Protection released that PetroChina Yunnan’s oil refining alteration project had been approved the environmental impact assessment at the end of April.

May 13, 2016

Shandong ports’ crude and fuel oil inventory kept high

The data from JYD showed that the coastal crude and commercial fuel oil inventory grew up slightly in Shandong, and on May 12th the total stocks in Qingdao, Longkou, Laizhou and Rizhao ports

May 12, 2016

Oil price subsidy adjustment on rural transport, deep-sea fishing and forestry

Recently, China’s Ministry of Finance, Ministry of Transport, Ministry of Agricultural and State Forestry Administration released the notice on the oil price subsidy policy adjustment of r

May 12, 2016

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