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China strides beyond US becoming the largest global crude oil importer

China crude oil imported volume was more than American in April. It revealed the first great change for global energy structure over the last decade.

May 12, 2015

Singapore gasoline import margin boosted to CNY530/mt

According to JYD, import margin of Singapore gasoline for South China-based importers ended up to CNY530/mt on average in April, up by CNY212/mt against March. At the same time, gasoil impor

May 12, 2015

China Oil Product Retail Adjustment by NDRC on May 11th

According to National Development and Reform Commission, on May 11th (24:00) the gasoline and diesel prices were raised by CNY255/mt and CNY245/mt respectively, so the average retail price o

May 11, 2015

Five reform schemes gear up deepening reform

On May 5th, 2015, the twelfth meeting of Central Leading Group of Comprehensive Deepening Reform deliberated and approved five reform schemes.

May 08, 2015

Value-added tax rate of natural gas may be increased from 13% to 17%

It is reported that the Ministry of Finance plans to increase the added-value tax of natural gas from 13% to 17% and the new tax policy will be implemented from October 1st, 2015.

May 08, 2015

China manufacturing PMI hit 50.1% in April, 2015

In April, China manufacturing PMI hit 50.1% equaled to previous month’s index, consecutively higher than critical points for two months

May 07, 2015

Lubricant output continued to drop in the first quarter amid weak demand

According to the Office for National Statistics, in March China lubricant output settled at 508,000 mt, with a sharp jump of 29.92% MoM.

May 07, 2015

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