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Sinopec may import over 10 million mt of crude from US in 2018

Sinopec may import over 10 million mt of crude from the US in 2018 as more refineries under the oil giant process such crude amid a need for greater diversity in feedstock, according to the

March 01, 2018

China’s crude imports from Russia surge 23.4% in January

China imported 5.67 million mt (1.34 million bbl/day) of crude oil from Russia in January, a surge of 23.4% year on year, according to data from the country’s General Administration of Cus

March 01, 2018

Shandong teapots face threats and chances in 2018 (II)

Recently Shandong Provincial Party Committee Secretary gave a speech on mobilization meeting of fully launching the old and new kinetic energy conversion projects, and the times gave the opp

March 01, 2018

Teapots’ crude refining margins rise on lower costs, stronger products

Chinese independent refiners processing crude reaped better refining margins in late February, because of drops in feedstock costs or higher product prices, JLC data shows.

March 01, 2018

New excise regulations proceed as scheduled despite VAT delay

China’s new regulations regarding consumption taxes on oil products came into effect as scheduled on March 1, though the country will postpone the practice of the new value-added tax (VAT)

March 01, 2018

Shandong teapots face threats and chances in 2018 (I)

Recently Shandong Provincial Party Committee Secretary gave a speech on mobilization meeting of fully launching the old and new kinetic energy conversion projects, and the times gave the opp

March 01, 2018

Chinese teapots’ operating rates drop on weaker product demand

The operating rates at Chinese independent refiners’ crude distillation units (CDUs) dropped in the second half of February, because of weaker product demand around the holiday for the Lun

February 28, 2018

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