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Huabei Petrochemical Updates 10 Million mt Capacity Refining Project

After 8 years preliminary work, Sinopec Huabei Petrochemical recently started the upgrading and rebuilding project of its 10 million mt capacity refining unit in Renqiu, Hebei province.

October 09, 2014

Crude Oil Prices Waver on Positive China Data, High Supplies

Oil prices held near multi-month lows Tuesday as traders weighed slightly more positive Chinese manufacturing data and an escalation of the conflict in the Middle East against ample global s

October 09, 2014

Australia's ROC, Horizon Find More Oil in Beibu, Offshore China

Australian independent ROC Oil and partner Horizon Oil announced Monday, September 29, they have discovered oil at well WZ12-10-1 in Beibu Gulf Block 22/12, offshore China.

September 29, 2014

China Oil Demand Climbed 3.7% in August from a Year Ago

China's apparent oil demand in August climbed to its highest level in a year.

September 28, 2014

China Crude Import Data is Rising

China has a rapidly growing economy. It has a large population of 1.35 billion people. As a result, China’s energy demand is rising significantly. It plays a major role in the crude tanker

September 28, 2014

Kuwait's Crude Oil Exports to China Fall 19.2% in August

Kuwait's crude oil exports to China in August stood at 809,000 tons, equivalent to about 191,000 barrels per day (bpd), the latest government data showed Wednesday.

September 28, 2014

Mixed Oil Futures and China Boost

Crude oil prices witnessed mixed trade amid concerns surrounding weak demand in Europe and China and the prospect of higher demand in the US.

September 28, 2014

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