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A green challenge for bunker is coming

On August 31st, Ministry of Transportation released Implementation Plan on Special Operation of Ship and Port Pollution Prevention (2015-2020).

September 23, 2015

A sharp cut of crude supports good margins of China main refiners

Crude fluctuated recently, mixing with bearish and bullish sentiment, such as the end of gasoline consumption peak in US, fears about China economic downturn and no reduction plan of OPEC.

September 22, 2015

Another two Chinese teapots guaranteed crude import right

Yatong Petchem and Baota Petchem were Guaranteed 2015 Crude Import Quota several days ago, with Yatong 2.76 million mt and Baota Petchem 6.16 million mt.

September 21, 2015

Goldman Sachs: crude will run low in the next 15 years

Jeffrey Currie, the commodity research executive of Goldman Sachs, said that amid supply glut crude price will in a low level in the next 15 years, but the chance of breaching $20/bbl is les

September 18, 2015

Import fuel oil demand tumbled obviously in China

Fuel oil consumption tax was tripled, and oil products quality upgrading requested that teapots sourcing for light feedstock instead of fuel oil, which depressed fuel oil demand.

September 18, 2015

OPEC: crude will rise to $80/bbl in 2020

OPEC said in its latest report, the crude would rally to $80/bbl in 2020 after up adjustment on crude demand in 2016.

September 18, 2015

Russia gas output will grow 29-39% by 2035

The 2025 Energy Development Strategy newly released by the Ministry of Energy of Russia indicates that annual natural gas output in Russia will increase 3-17% year-on-year in 2020 and 29-39%

September 17, 2015

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