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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

Blended Bunker Loss Continues in East China

In early and mid-October, negative sentiment filled China's oil market as international crude oil futures price continuously decreased and oil product prices faced the sixth consecutive drop

October 22, 2014

Shandong Releases New Consumption Tax Regulation to Reduce the Speculation on Oil Products

To further strengthen the consumption tax on oil products, Shandong issued "Shandong Tax Bureau statement on consumption tax management", to be implemented from 20th Oct 2014, is known to be

October 20, 2014

Liaohe Petrochemical Refines Columbian Crude

Liaohe Petrochemical has been expanding the purchasing channels and increasing the variety of crude oil. On September 19th, Columbian crude oil was firstly adopted for processing. Its first

October 17, 2014

Operating Rate of Deep-processing Enterprises may Shrink Further

In October, the continuous drop of international crude oil price led to the fall of expected CP for November.

October 17, 2014

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