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International crude oil continued slidding amid negative factors from IEA

On December 12th(Friday), IEA predicted that oil prices would soften further and international crude futures continued declining sharply next year, amid expectation of lower demand and overs

December 15, 2014

Crude demand to hit 12-year low in 2015

OPEC sources alleged on December 10th (Wednesday) that global demand for OPEC crude oil is likely to be lower than expected next year. As consumption growth slows down and US shale oil explo

December 12, 2014

Price of both upstream products and downstream dropped, bringing difficult to deep-processing plants

In this week, theoretical profit of products from deep-processing units including aromatization, alkylation and isomerization in Shandong went up as cost for feed gas dropped.

December 10, 2014

Oversupply remains, international crude prices continues downward

On December 9th, international crude futures continued slumping amid expectation of worsening oversupply in Asia market. NYMEX crude once fell to $62.25/bbl and Brent crude hit $67.52/bbl.

December 09, 2014

China Sep.-end crude oil stocks climbed 0.47%

China's crude oil inventories, excluding reserve inventories, at the end of September climbed 0.47% from a month earlier; gasoline, diesel and kerosene stocks slid 2.72% month on month, of w

December 05, 2014

China Oct.-end crude oil stocks slid 0.73%

China's crude oil inventories, excluding reserve inventories, at the end of October edged down 0.73% from a month earlier; gasoline, diesel and kerosene stocks slid 5.88% month on month, of

December 05, 2014

China released formal estimate of strategic petroleum reserves for the first time

The National Bureau of Statistics said on November 20 that the first stage in building its strategic reserves has been completed, with the crude oil reserves up to 12.43 million mt, about 91

December 05, 2014

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