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Blended oil prices mainly remained stable without effective guide

On December 12th, blended gasoline and diesel prices sustained stable with a small adjustment in some regions, as the major and independent refineries mainly held the prices stable and the b

December 12, 2017

Cross-regional arbitrage profits for gasoline and diesel diverge

Arbitrage profits for gasoline between Shandong and other regions like Nanjing, Zhengzhou and Hefei narrowed down, while those for diesel widened.

December 12, 2017

Cracking C9 price kept rising though naphtha price fell

Due to US fuel oil inventory decline, Nigerian strike and China crude import increase, international crude futures prices remained high in mid-December. C9 market gained limited upward momen

December 12, 2017

Ethanol gasoline promotion is on the verge supported by the national policies

National Development and Reform Commission and other 14 departments jointly issued "Implementation Plan on the Expansion Of Bio-Fuel Ethanol Production and Promotion of the Use Of Vehicle Et

December 12, 2017

Refined product price adjustment is expected to be shelved on Dec 14th

International crude price obtained upward momentum from the OPEC meeting ended at the end of November. The price fell later, however, due to the increase of US active drilling wells. Besides

December 12, 2017

Run rate of state-owned refineries climbed to 76.71% in November

As of the end of November, the operating rate of Sinopec’s and PetroChina’s refineries was 76.71%, up 1.38 percentage points month on month.

December 11, 2017

Light offshore crude profit slid to CNY504/mt

The theoretical processing light offshore crude profit of independent refineries fell by CNY85/mt WoW to CNY504/mt, as the sales decreased amid downward refined product market.

December 11, 2017

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