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China the largest crude storage base-CEFC Yangpu

Hainan Yangpu petroleum storage base is one of the key projects of the Yangpu oil & gas storage industry, covering an area of 3,300 mu and scale of construction of 12 million cubic meters, i

March 16, 2016

Blended oil margin narrowed again due to feedstock rise

Domestic blended oil market underwent a slight drop after sharp rise since March. But blending traders’ producing margin narrowed again, as feedstock rise was larger than oil products.

March 15, 2016

Bohai Bay bunker margin turned negative due to blending feedstock rally

Recently, international crude rally and growing downstream replenishment drove blending feedstock such as residue and shale oil to soar. As blending cost surged constantly, blended bunker ma

March 15, 2016

National 27,000 hidden dangers of oil & gas pipeline identifying

The national top work safety official released news that, by the end of January, in the nationwide, 29436 hidden troubles of oil & gas pipeline that had been checked out, of which 27439 hidd

March 15, 2016

Oil product price index to be upward

The data of Xinhua (Daqing) International Petroleum Information Center showed, by March 11th, the oil product price index was 572.03, up by 0.51%.

March 15, 2016

China naphtha import slipped in January

The General Administration of the PRC showed that, in January 2016, the naphtha imports settled down by 48.67% MoM to 489,690 mt, increasing 56.45% YoY. In January, the naphtha export was 25

March 15, 2016

Shenhua coal-to-oil project faces losses if the crude sustains low

Shenhua Ningxia Coal Group coal chemical center director Luo Chuntao said during Beijing’s two sessions, Shenhua coal to oil project with 4 million mt/yr has already totally completed inve

March 14, 2016

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