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Oil products market expected to recover in the short term amid favorable signals

China oil product market is expected to see a temporary rebound before the Dragon Boat Festival holiday.

May 22, 2017

China-Myanmar crude oil pipeline formally entered into China

On May 19th 2017 (16:00), the crude oil from Maday Island in west coast of Myanmar reached China-Myanmar border after 18 days flow.

May 22, 2017

Blended oil profit shank in Bohai Bay as blended feedstock picked up slightly

Libya crude oil output declined due to the power failure in Libya oil field and the expanding oil workers’ strike in Nigeria also thickened the concerns on oil supply.

May 22, 2017

China energy production status in April

In April, industrial enterprises above designated scale raw coal production growth accelerated, and crude oil production decline narrowed and crude oil processing volume growth rate went dow

May 22, 2017

China-Russia crude pipeline has transported oil 100 million mt

According to Harbin Customs, China has imported crude oil of 100 million mt from Russia via pipeline as of May 19th, the 2,331st day since the China-Russia crude pipeline opened officially.

May 22, 2017

Shandong teapots market rallied rationally

In mid-May, international crude oil futures price rose to $49-53/bbl. According to JLC monitoring statistics, as of May 18th, the reference crude oil change rate was 1.86%.

May 22, 2017

China unveils market reform for oil and gas industry

Chinese authorities on May 21st announced a reform plan for the country's oil and gas industry, eyeing better efficiency and competitiveness by giving market a decisive role in the sector.

May 22, 2017

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