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Downward Crude Oil Indicates Bullish Chemical Market

The price of crude oil, the chemical indicator, continued downward with WTI price having slumped since October, 2014 and even hitting the lowest level of the year at $85.82/bbl on October 10

October 16, 2014

Shandong Releases Oil Product Consumption Tax Policy

Shandong Taxation Bureau recently released the Announcement of Strengthening Oil Product Consumption Tax Management, aimed to tighten regulations on the deduction of oil product consumption

October 15, 2014

Propane Supply and Security Act of 2014 Introduced; Bi-Partisan Action Benefits Propane Customers

Washington, DC (July 31, 2014) – Today, a bi-partisan group of senators made up of, Sen. Tammy Baldwin (D-WI), Sen. Al Franken (D-MN), and Sen. Rob Portman (R-OH), introduced the “Propan

October 10, 2014

Shanghai Bunker Fuel Prices at 45-Month Low on Bearish Crude

Shanghai bunker fuel prices fell to a 45-month low Wednesday as weak crude oil market sentiment and a week-long holiday in China increased selling activity, but traders said Thursday they ho

October 10, 2014

The First 1 Million mt Capacity ICTL Project Approved

It was reported from Shanxi Weilai Energy & Chemical Co., Ltd that its state-level indirect coal to liquid (ICTL) pilot project, Yankuang Yulin 1 Million mt/yr pilot project, had got approve

October 10, 2014

Petrochemical Industry Maintain Temperate in the First 8 months

China Petroleum and Chemical Industry Federation (CPCIF) recently delivered a report on the industrial economic operation in August.

October 10, 2014

China Becomes the Biggest Petroleum Import State of Oman

According to the Statistical Bureau of Oman, till the end of July this year, the petroleum output in Oman was over 200 million barrels by 1.1% of year-on-year growth.

October 09, 2014

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