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China oil product exports gain further in Q1, four oil giants lax in completing quotas

China oil product exports kept buoyant in the first quarter of 2017, with export volume of gasoline and diesel surging by 30% YoY and 50% YoY respectively. Four state-run oil giants remained

May 19, 2017

Crude futures price rose on the U.S. strong demand and Libyan output cut

On May 18th(Thursday),crude oil price edged up due to Libyan crude output cut caused by the recent oil field power failure. In addition, in last week, the US crude oil demand growth surpasse

May 19, 2017

Poor profit of trading imported LPG and higher profit of processing the LPG deeply

In H1 May, imported LPG market in China was poorer than April, especially profit of importers narrowing significantly. In southern China, imported LPG arrivals were extremely intensive.

May 19, 2017

Crude market got bullish on inventory and output cut as well as softer U.S. dollar

On May 17th, the crude oil market closed at upward trend. The EIA report showed that the U.S. crude and oil products inventories descended in last week and the U.S. crude oil output dropped

May 19, 2017

30,000 mt unqualified bunker hit the South China market

Recently, the foreign market was acceptable, while the performance of the South China bunker market was unsatisfactory.

May 18, 2017

MTBE market trend should not only be judged upon the crude oil development

This week, international crude oil had two-consecutive-increase as EIA crude oil inventory had a great decline and the market speculated that the production cut will prolonged by nine months

May 18, 2017

China CITIC plans to acquire Myanmar Kyaukpyu Port to transport crude oil

It's reported that China SOE CITIC is preparing for negotiating with Myanmar for acquiring 70%-85% shares of Kyaukpyu Port, located in Ramree Island of Rakhine State in Bengal Bay, which is

May 18, 2017

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