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China the second batch of oil product export quota in 2016

In April, the second batch of oil product export quota for processing trader totaled 14.59 million mt, down by 6.34 million mt against the first batch, soaring by 160% against the previous y

April 21, 2016

Profitability in blended oil market was fair in Q1, expected to hit new high in Q2

In the first quarter 2016, domestic macroeconomic was in pessimism situation, the overall international oil prices showed an upward trend after fall but didn’t break $40/bbl. Domestic blen

April 19, 2016

NEA: Social electricity consumption gains by 5.6% YoY to 476.2 bln KWH in March

According to the National Energy Administration (NEA), China’s social electricity consumption reached 476.2 billion KWH in March 2016, rising by 5.6% YoY.

April 19, 2016

Li Keqiang: A promising prospect for "coal-based oil" sector

China’s “coal-based oil” sector will see a bright future, premier Li Keqiang said during a visit to Peking University.

April 19, 2016

Multiple positive factors fuel another rise in MTBE market

Since April, international crude oil futures have been vibrating upwards and the domestic gasoline market is gradually recovering. MTBE market began to show a significant rally in April.

April 18, 2016

Domestic refined oil retail price suffered “six consecutive stops”

On April 11th, NDRC said the international crude oil prices based on which domestic refined oil prices are adjusted were average below $40/bbl in the previous 10 working days and suspended

April 14, 2016

New local refineries emerged in the second export quotas for oil products 2016

Recently, the second export quotas for China’s oil product processing trades have been released, totaling 14.64 million mt, down by 6.25 million mt against the first export quotas, but up

April 12, 2016

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