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The U.S. inventory cut pushed crude oil price to edge up

On June 12th, the decrease in U.S. crude oil inventory stimulated some speculators to purchase crude oil at a low price. And the crude oil price edged up although the US dollar recovered and

June 14, 2017

China refineries need transitions with the 100 million mt excessive refining capacity

Recently, on the 3rd China Petroleum & Chemical Sustainable Development Forum that held in Shanghai, experts stated that the growth of China demand for the oil product has slowed down greatl

June 13, 2017

More unit overhauls will be carried out in teapots

International crude prices went down with fluctuations. After the downward adjustments for oil product prices on June 9th, the international crude price change rate was still minus in the ne

June 13, 2017

Shandong Minghao Chemical conducted overall maintenance

It was learned from JLC that against environmental inspection of local authorities Shandong Minghao Chemical conducted overall maintenance from June 10th, 2017 with re-operation time pending

June 13, 2017

Karamay provided 98-Ron National Standard V gasoline for Northern Xinjiang

As of June 5th, Karamay Petrochemical has provided 98-Ron National Standard V gasoline of 500 mt for Northern Xinjiang, so as to support the environment protecting green transportation there

June 13, 2017

Illegal fuel filling activities should be prohibited by stricter supervision measures

Illegal fuel filling activities or stations have always been problems in the market, and some mobile oil tank trucks and illegal stations appeared repeatedly despite the prohibition, but the

June 13, 2017

International oil price rose on June 12th

International oil price climbed on June 12th while it fell sharply early last week. Investors adopted short-covering in the recent two trading days and the oil price picked up early this wee

June 13, 2017

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