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Import volume decreased, but Singapore high sulfur fuel oil market kept strong

On June 27th, traders predicted that the imports from Europe, Middle East and the U.S. would decline, but Singapore 380CST high sulfur fuel oil market would keep strong in July. Last week,

June 28, 2017

Price in Shandong teapots kept low & Southwest inflows from northwest were pressured

Since April 2017, due to geopolitical factors and the expectation that output cut deal would be extended, international oil price soared once. However, from mid-April, the U.S. crude output

June 28, 2017

Oil closing price rose due to recovering and USD depreciation, but dived after API release

On June 27th (Tuesday), the oil closing price rose due to the recovering operations of investors and USD depreciation.

June 28, 2017

MoC: China's Second batch of Crude oil enterprise list publicizes

According to JLC, the list of the 2nd batch of enterprises applying for crude oil business qualification is being publicized. This time, seven enterprises apply for oil products wholesale qu

June 28, 2017

Maoming Petrochemical achieved new breakthrough on railway transportation

In May, Maoming Petrochemical coordinated with refining sales companies and optimized the railway transportation. It has transported asphalt products 34,900 mt, increasing 8,400 mt or 31.69%

June 27, 2017

China May crude oil import set the second-highest level; Russia is the largest supplier

According to the data from the Administration of Customs of PRC, in May China crude oil imports in May set the second-highest record at 37.2 million mt, up by 15.4% YoY, with daily import 8.

June 26, 2017

Shandong Guoyou Petrochemical Beihai New Area oil products tanks projects

The project is located in Binzhou City of Shandong Province, the south of liquid storage area in the rear of 9# berth in the proposed Binzhou Port harbor area, and invested by Beihai New Are

June 23, 2017

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