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The number of active oil drills in U.S. increased to 720

The data issued by Baker Hughes from American Oil Company on May 19th displayed that up to the week of May 19th, the number of active oil drills in U.S. increased by 8 to 720 in the last 18

May 23, 2017

The retail price rise of domestic oil products would come on May 25th

According to the survey of "ECONOMIC INFORMATION DAILY", spurred by big possibility of oil-producing countries to extend the output cut agreement to another nine months and the huge slump of

May 23, 2017

Private refineries are expediting refining & chemical integration projects construction

In recent years, the growth of demand for oil product slowed down as China economy has turned from high speed growth to medium-high speed growth, but the overall oil product consumption stil

May 23, 2017

Profits of DME units are turning negative

Seen from the above graph, DME price in domestic market in May continued to move downward. Against ongoing decline of methanol price, most end users purchased on rigid demand. And most DME u

May 23, 2017

The international crude futures price continued rising

On May 22nd (Monday), the international crude futures market continued rising. Saudi Arabia Energy Minister said that all OPEC oil-producing countries he had contacted agreed to extend the o

May 23, 2017

Filling stations lower the prices for competition

Recently, it is said that some filling stations of PetroChina and Sinopec sold their oil products at a discount of CNY1-3/l. As JLC knows from sources in some main sales companies, the disco

May 22, 2017

Shandong Shangneng launched Beijing VI Standard diesel

According to JLC, Shandong Shangneng Petrochemical had produced Beijing VI Standard diesel since December 2016, which passed the close inspection of Beijing Petroleum Products Quality Superv

May 22, 2017

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