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Brightoil Petroleum storage and transportation base project is to finish

Every morning began at about 9:00 a.m. in recent days, over 700 workers were busy in constructing Brightoil Petroleum storage and transportation base in Waidiao Island (0.99 sq.km), Cengang

August 22, 2017

International crude oil price dropped on Aug 21st

Bake Hughes latest report showed that the number of US oil field drilling wells was 763, down 5 week on week. Besides, US Energy Information Administration (EIA) report said that US national

August 22, 2017

Cargoes for arbitrage are expected to decrease in September

On August 21th (Monday), Singapore fuel oil market was largely stable against last week.

August 22, 2017

Gasoline & diesel prices are hard to rise further

Crude oil price fell recently, as OPEC monthly report statistics showed that OPEC crude output recorded a new high of 2017 and output cut implementing rate continued to decline.

August 22, 2017

Bunker oil blending margin rose as blending feedstock price dropped

International crude futures prices declined amid oversupply. On one hand, the US crude storage, published by EIA, hit the largest week-on-week decline, and Libya Sharara crude output plunged

August 21, 2017

International crude price rose on Aug 18th

On August 18th, international crude price rose as USD depreciated. The USD index measuring against six major currencies slipped 0.17% to 93.462.

August 21, 2017

Crude price rose as US active drilling wells declined

Bake Hughes released statistics that US active drilling wells decreased 5 in the week ended August 18th, hitting the largest week-on-week decline during seven months. It showed that it was e

August 21, 2017

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