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China crude strategic storage demand rose

In June, China import crude settled at 29.49 million mt, up by 26.9% MoM and 26.7% YoY. From January to June, import crude totaled 163 million mt, an increase of 7.5% YoY. China export crud

July 29, 2015

Crude rally is waiting ahead of fast closing position

Crude prices will like rally after falling in early July.

July 28, 2015

Sino-Russia west-line natural gas pipeline project was postponed indefinitely

Sino-Russia west-line natural gas pipeline is facing the undated postponement due to decreased China fuel demand.

July 28, 2015

China June import crude from Middle East jumped largely

June China import crude volume YoY increased by 27%. Daily average import from Iran was 672 thousand barrels, YoY increased by 26.5%, MoM lifted by 29.6%.

July 28, 2015

Distillates terminal market attracts Shandong teapots

On July 20th, Dongming Petrochemical jointed with Baoding Sinochem Sammy establishing Baoding Dongming Petrochemical Energy, with 2 billion yuan investment.

July 28, 2015

Local debt may get solution from released national balance sheet

National Balance Sheet released from the Chinese Academy of Social Sciences showed on July 24th, 2015, by the end of 2014, local government total capacity was CNY108.2 trillion, total debt w

July 27, 2015

PetroChina Qingyang Chemical CDU accident caused 4 persons injured

On July 26th, PetroChina Qingyang Chemical CDU had residual oil heat exchanger leaking with fire, causing 4 persons injured.

July 27, 2015

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