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Shandong Shengxing Chemical is granted to use import crude oil

National Development and Reform Commission (NDRC) claimed on June 27th that Shandong Shengxing Chemical were qualified for using import crude oil 2.2 million mt/yr.

July 20, 2017

Rizhao Landbridge Petrochemical is granted to use import crude oil

National Development and Reform Commission (NDRC) claimed on June 27th that Rizhao Landbridge Petrochemical were qualified for using import crude oil 1.8 million mt/yr.

July 20, 2017

Prices of oil products might rise by CNY0.05/l on July 21st

The retail prices of oil products might climb on July 21st (24:00) when the adjustment window opens. During the days before this round of adjustment, international crude oil market fluctuate

July 19, 2017

Shaanxi oil products recorded declines of output and sales amid weak market

According to the statistics of output and sales released by Shaanxi Provincial Development and Reform Commission recently, in January-June, the provincial crude processing volume totaled 8.7

July 19, 2017

Terminal users are using low-priced oil amid filling stations’ price war

In the first half of 2017, international crude oil futures was in downward trend on the whole. At the beginning of 2017, oil price fell back from the high level as Russia did not expanded th

July 18, 2017

Crude oil price continued growing on Nigeria exports interruption

On July 14th (Friday), Baker Hughes data showed that the number of the US crude oil drilling wells only increased by two this week, causing expectation of market that the weak crude oil pric

July 18, 2017

Crude price began to fall amid the supply growth of oil-producing countries

On July 17th (Monday), the data issued by National Bureau of Statistics of the PRC showed that China’s demand for crude oil increased steadily and the crude oil output continued falling, s

July 18, 2017

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