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CNOOC entered Yunnan refined product retail market

The first filling station of CNOOC in Yunnan Province, Chihei Filling Station (Mile City, Honghe State) opened on December 14th, marking the entry of CNOOC into Yunnan refined product retail

December 26, 2017

Events in China base oil market

CNOOC Huizhou Refining plans unit overhauls in September 2018.

December 26, 2017

Operating rate of alkane deep processing units kept high in November and December 2017

From November to December 2017, operating rate of alkane deep processing units kept at relatively high level. Up to December 25th, 2017, the operating rate averaged 66.69%.

December 26, 2017

Feed gas price stayed low despite fine profit of alkylation units

According to JLC, profit of alkylation units in Shandong kept around CNY100/mt after entering December, turning better from previous period. However, feed gas price in Shandong stayed low.

December 26, 2017

China should expand crude imports and refined product exports to cope with overcapacity

China should focus on promoting its position in international market through “expanding both crude imports and refined products exports” rather than only on domestic supply and demand.

December 26, 2017

Jet fuel EXW price is expected to climb in January 2018

During the period from November 25th, 2017 to December 24th, 2017, Singapore jet fuel price averaged $74.72/bbl, up $1.59/bbl month on month.

December 26, 2017

China domestic gasoline & diesel prices might rise slightly

Crude oil price rose in the last round of pricing period. The price climbed slightly early this period as negative effects from EIA inventory report dissipated. Later, crude price boomed aga

December 26, 2017

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