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North China pipeline began transporting 98-Ron gasoline

On May 26th, with the completion of oil product transferring in Luoyang, Luoyang-Zhumadian pipeline began transporting 98-Ron blending gasoline for the first time, with transporting volume o

June 15, 2017

Crude oil price rose amid the slower oil supply increase of non-OPEC countries

On June 13th, OPEC turned down the expectation of non-OPEC oil producers’ oil supply rise, coupled with the softer U.S. dollars, so the international crude futures price increased.

June 15, 2017

Sinomec joined hands with Shandong Shangneng

On June 8th, Sinomec and Shandong Shangneng Group signed the cooperation agreement, indicating another teapot had the background of SOE.

June 14, 2017

Why Trump intends to sell U.S. SPR?

In order to avoid the impact from oil price surging, the U.S. government has reserved nearly 700 million barrels oil. However, President Trump suggested selling half of U.S. Strategic Petrol

June 14, 2017

Inner Mongolia Yitai Group coal-to-oil project to be put into operation

Yitai Group’s coal indirect liquefaction demonstrative project with 2 million mt/yr was officially put into operation in Ordos City of Inner Mongolia, which was the first megaton coal indi

June 14, 2017

API: U.S. output declined & import climbed last week

API said on Tuesday (June 13th) that the U.S. crude oil inventory increased last week due to the refineries’ output declining and imports climbing. Gasoline inventory went up, but distilla

June 14, 2017

Saudi Arabia and Russia said global crude inventory will decrease in next 3 to 4 months

Background: On June 11th, Russia Energy Minister Novak and the Energy Minister of Saudi Arabia Khalid al-Falih stated on the joint press conference that the inventory may kept decreasing aft

June 14, 2017

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