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China bunker oil market is facing with innovation and reform amid a transformation period

In recent decades, a series of changes has happened in China bunker oil industry. Private companies raised gradually in the market dominated by SOEs, blended feedstock has developed from pet

May 25, 2017

LPG output may continue to grow against another coal chemical project

Coal-to-olefin and coal-to-liquid projects are developing rapidly, especially in Northwest China. Coal is paid more attention against prosperous development of coal chemical industry.

May 25, 2017

China oil giants plan to increase expenditures with steady output in April

Along with China oil giants' plan on expenditure increase, the domestic crude output ended its decline. As the world second largest crude oil consumption country, China crude oil daily outpu

May 25, 2017

BNP: Oil market needs not only OPEC extending output cut

BNP Paribasbulk commodity market strategy director Harry Tchilinguirian said in the report on May 23rd (Tuesday) that, to re-inspire the crude oil market, OPEC and other oil-producing countr

May 25, 2017

Trump planned to sell half of U.S. SPR and open Alaska protection area for oil

According to the announcement released by the White House on May 22nd (Monday), Trump government planned to sell half of U.S. Strategic Petroleum Reserve (SPR) and open Arctic National Wildl

May 25, 2017

LPG import volume may hit record high in May

According to data from JLC, LPG import volume in China in May is predicted to reach 1.7 million mt, outpacing 1.6258 million mt of March 2016.

May 25, 2017

Processing light marine crude profit decreased by CNY53/mt WoW to CNY31/mt

The transaction price of light marine crude (density: 0.88-0.90) in Shandong market stabilized at CNY3,500/mt and the theoretical processing light marine crude profit of teapots decreased by

May 25, 2017

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