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Wait-to-see Sentiment Continues in China Base Oil Market

On October 23, price index of base oil 150SN and 400SN read 8,302 and 8,453 respectively, down 17 points and 25 point from September 25.

October 24, 2014

Positive China October Manufacturing PMI Triggers Crude Small Rebound

On October 23 (Thursday, Asian Time), supported by the positive HSBC's China October Manufacturing PMI, international crude oil futures price increased slightly.

October 23, 2014

Inhibited VAT Reselling Drives China’s Fuel Oil Imports

In recent days, international crude oil price went down slightly and The change rate of crude oil was still waving negatively. The price reduction of oil products was still unfavorable to th

October 23, 2014

China’s Economy Data Boosted Crude Oil Futures

According to the National Bureau of Statistics, China’s gross domestic product of the third quarter increased by 7.3%, the smallest range since 2009. This number was higher than the expect

October 23, 2014

Further Drop Inevitable for China's Oil Product Retail Prices

According to JYD, the referential crude oil change rate stood at -6.13% on October 22 (Wednesday), the third working day, with gasoline and diesel prices declining CNY290-340/mt.

October 23, 2014

The US EIA Crude Inventory Expands

The latest study from Reuters (October 21, Tuesday) found that the US Energy Information Administration (EIA)'s crude inventory rose while oil product inventory reduced during the week from

October 23, 2014

Oil Ends Up After China Demand News, Fragile Recovery Seen

Brent crude oil ended up almost 1% on October 21 (Tuesday), helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted s

October 22, 2014

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