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Blended oil price would remain high

International crude oil price kept increasing recently due to OPEC's output cut and geopolitical factors. Later, the price moved sideways amid profit taking sentiments as US crude output and

November 15, 2017

Oman crude refining profit decreased by CNY94/mt to CNY524/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY477/mt, down CNY54/mt week on week as refined products’ sales revenue increased greatly amid the

November 15, 2017

China other teapots’ run rate increased by 0.29 percentage points WoW to 49.31%

According to JLC statistics from 41 Shandong independent refineries, up to November 15th, 2017, the CDU run rate was 65.57%, up 0.24 percentage point week on week as China Oversea Energy res

November 15, 2017

Yanchang Group restricted the diesel delivery to ensure domestic supply

China domestic refined products market was in upward trend since August 2017, and the trading was very active. Particularly, diesel supply became tight amid the bullish trend since September

November 15, 2017

Dimethyl ether unit run rate might remain low amid weak end demand

Dimethyl ether supply increased slightly in the week of November 8th. The continuous fallings of price amid former oversupply in Sanmenxia resulted in end-user purchases.

November 14, 2017

China-Russia crude pipeline second line project to operate on January 1st 2018

Xinhua News Agency reported that China-Russia crude pipeline second line project was finished on November 12th, which means that this 941.8 kilometers pipeline meets the condition to transpo

November 14, 2017

Bunker margin in East China turned losses into profits amid high cost

Bunker price in East China kept rising in November. On one hand, international crude price rose amid the expectation that output cut deal would be extended. Chemical price and oil blending f

November 14, 2017

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