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Hope Dims for OPEC Output Cut, Crude Oil Futures under Pressure

On November 18, global oil market was of adequate supply and Goldman Sachs reported OPEC output cut was not in the interest of its members, putting oil prices under more pressure and driving

November 19, 2014

Russia to cut crude oil export tariff from Dec

Russia will lower crude oil export tax to $277.5/mt as of Dec 1st, 2014, down 12.4% from the previous $316.7/mt.

November 18, 2014

China Industry Data Unsound, Crude Oil Market Flagging

On November 13, crude oil market moved down further against the background of unsound China industry data as well as the wait for EIA's report on crude oil stocks.

November 17, 2014

Vietnam Eyes Chemical Fertilizer Imports from China

The imported Urea and NPK have imposed excessive pressure on those made in Vietnam, partly resulting from China lowering the tariff of that kind of products to Vietnam, VnExpress reported on

November 10, 2014

China Oil Products to Suffer 8th Consecutive Drop

According to JYD, gasoline and diesel prices are estimated to drop CNY80-100/mt in the new session of price adjustment starting on early November 15.

November 10, 2014

Time for Shandong Teapots to Transform

The Shandong Provincial Government, in coordination with Shandong Petrochemical Association and Shandong Refining & Chemical Association, has launched the Shandong Teapot Transformation and

November 10, 2014

China Oil Price Suffers the Seventh Consecutive Drop

The National Development and Reform Commission (NDRC) of China released on October 31 that gasoline and diesel prices would be decreased by CNY245/mt and CNY235/mt respectively.

November 10, 2014

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