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Prices of oil products may decline further

On the international market, as the former bearish news vanished, some crude oil holders replenished at low prices, coupled with some of Libya crude output suspending unexpectedly and the U.

June 16, 2017

A brief introduction of Qingyishan Petrochemical

China Petroleum and Chemical Industry Federation (CPCIF) claimed on June 14th that Shandong Qingyishan Petrochemical Technology Co., Ltd was qualified for using import crude oil 3 million mt

June 16, 2017

A brief introduction of Zibo Xintai Petrochemical

China Petroleum and Chemical Industry Federation (CPCIF) claimed on June 14th that Zibo Xintai Petrochemical Co., Ltd was qualified for using import crude oil 2 million mt/yr preliminarily.

June 16, 2017

China will invest $2.8 billion to boost crude oil production in Venezuela

Venezuela and China have signed an investment plan of more than $2.8 billion aimed at raising crude oil production from the joint ventures of state-owned companies PDVSA and China National P

June 16, 2017

U.S. EIA crude inventory decreased less than expected resulting in price falling 3%

EIA statistics on June 14th (Wednesday) showed that the U.S. EIA crude inventory slid almost 1.7 million barrels in the week of June 9th. As the decrease was less than expected, oil price sl

June 15, 2017

China LPG market in H1 2017

Similar with LPG price movement in the first half of 2015, LPG price in H1 2017 was higher than that in H1 2016. By June 14th, 2017, JLC LPG price index averaged 4,058 points, slightly lower

June 15, 2017

In July heavy-duty diesel vehicles to meet National V Emission Standard

Since July 1st, 2017, all the nationwide manufacturing, imported, selling and registered heavy-duty diesel vehicles (total quantity of 3.5 mt or more) should meet the requirements of Nationa

June 15, 2017

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