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Oil products retail price may jump over CNY100/mt when the adjustment window open tomorrow

On May 25th, 2017, 24:00, oil products price adjustment window would open again. According to the predictions of several petrochemical institutions, the oil prices would go up definitely, wi

May 24, 2017

More oil-producing countries support cutting output for nine months

On May 23rd (Tuesday), the oil price once fell under pressure of Libya crude output recovering, Iran declaring its output enlarging plan, the White House proposed to sell part of strategic o

May 24, 2017

Qatar: Extending the crude oil output cut deal to March 2018 would be effective

According to Reuters, Qatar energy minister Mohammadal-Sada said on May 20th that he considered the extending of global output cut deal would enhance the market stability and it would be eff

May 24, 2017

IEA: Global crude oil price may soar after 2020

IEA said in Beijing on May 18th that the global oil price might soar after 2020 due to the shortage of supply in oil market resulting from the investment slowdown in 2015 and 2016. The above

May 24, 2017

Sinopec and COPC jointly research on shale gas in Sichuan Basin

Sinopec Group announced on May 25th, as authorized, Sinopec Exploring entered into an agreement with Conoco Phillips China (COPC), under which they would jointly research on shale gas about

May 24, 2017

China planned to capture CO2 which can be used to extract oil

As is reported, China planned to collect the CO2 emission from domestic energy and steel enterprises to extract crude oil from the more and more barren oil fields and produce carbonated beve

May 24, 2017

Teapots achieved great results amid gaining rights of using and importing crude oil

From May 2015, the state liberalized the rights to use and import crude oil (Two import crude rights) gradually, up to now, a total of 22 teapots procured import crude of 79.95 million mt, a

May 24, 2017

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