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Backwardation was the goal of the OPEC and Russia

Driven by the optimistic expectation of the OPEC output cut agreement extension, the crude futures price had risen constantly for two weeks. As the oil conference in Vienna approached, the m

May 25, 2017

JLC: NDRC raised gasoline & diesel retail prices on May 25th as expected

According to JLC monitoring, the National Development and Reform Commission (NDRC) lifted gasoline and diesel retail prices by CNY140/mt and CNY135/mt respectively at 24:00, May 25th, meetin

May 25, 2017

Yanchang Petroleum and Jinao Science & Technology are granted to use import crude oil

National Development and Reform Commission (NDRC) claimed on May 10th that Yanchang Petroleum and Jinao (Hubei) Science & Technology Chemical were qualified for using import crude oil 3.6 mi

May 25, 2017

Shandong Yuhuang Shengshi Chemical was granted to use imported crude oil 1.44 mln mt/yr

China Petroleum and Chemical Industry Federation (CPCIF) claimed on May 22nd that Shandong Yuhuang Shengshi Chemical (Group) Co. Ltd was qualified for using import crude oil 1.44 million mt/

May 24, 2017

Global oil-gas industry is rebounding after hitting the bottom

Oil-gas industry underwent tough development since the international oil price slump in July 2014. Oil-gas companies generally compressed their upstream investment to approach the challenges

May 24, 2017

Shipping emission was still the key point in Tianjin’s “13th Five-Year Plan”

It was known from the Tianjin Environmental Protection Bureau that Tianjin introduced the “13th Five-Year Eco-environmental Protection Plan”

May 24, 2017

Both profits of imported LPG for trade and for chemical use were fine

Profits of imported terminals were relatively high except for the time from middle February to March when the profit was negative.

May 24, 2017

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