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Mounting international crude oil output suppressed its closing prices

On Monday 25th April, amid signs of increased international crude oil production and the concerns about oversupply of refined oil, clothing prices of international crude oil fell however nar

April 27, 2016

MTBE plant's operating rates decline reduced profits

Since April, domestic MTBE market moved up after a drop withtransaction prices in Shandong rising from CNY4,550/mt in early April to CNY4,900/mt then appeared slightly down. Trading atmosphe

April 25, 2016

Russian Energy Minister expected the crude market would be in equilibrium in mid 2017

According to Xinhua News Agency, Russian Energy Minister Novak said recently, in accordance with the laws of the market operation international crude oil market would be in equilibrium in mi

April 21, 2016

Wudi Xinyue was granted to use import crude 2.4 Mt

China Petroleum and Chemical Industry Federation (CPCIF) claimed on April 18th that Xinyue Chemistry was qualified for using import crude 2.4 million mt/yr preliminarily.

April 21, 2016

Coking unit margins increased to CNY325/mt

This week, based on CNY3,000/mt of Russia M100 spot ex-terminal barge price at Shandong market on April 20th, the theoretical loss of processing imported straight-run oil at Shandong teapots

April 21, 2016

Shandong teapots run rate rose to 54%

According to JYD statistics from 41 Shandong teapots, up to April 20th, 2016, the CDU run rate ended up by 0.39 percent WoW to 54.03%.

April 21, 2016

NDRC: Haiyou Petchem acquired the usage right of import crude

NDRC replied the reports of SDDRC and commission about Haiyou Petchem applying for usage right of import crude. Haiyou Petchem was qualified to use import crude 3.2 million mt/yr, and its cr

April 21, 2016

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