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Oil products import arbitrage increased

According to the monitoring statistics, during May 1st-15th, domestic gasoline and diesel prices slid, in which gasoline price declined by CNY253/mt and diesel price fell by CNY112/mt. Meanw

May 17, 2017

China-Saudi refining & chemical project located in Panjin

On May 16th, the signing of Joint Development Agreement among China North Industries Group Corporation, Saudi Arabian Oil Company (Saudi Aramco) and Panjin Xincheng Industrial Group Co., Ltd

May 17, 2017

INE strives to launch crude oil futures within 2017 by accelerating the preparations

On May 16th, an insider of Shanghai International Energy Exchange (INE) stated while answering reporters’ question that INE will promote all the preparations before the listing according t

May 17, 2017

OPEC:The crude oil market was rebalancing

IEA said that the global crude oil market was rebalancing and supply and demand status was becoming more harmonious, even if the current inventory level did not reflect the impact of OPEC's

May 17, 2017

The first automated container terminal was put into operation successfully in Qingdao Port

On May 11th, the container ship "COSCO France" anchored and operated at automated container terminal in Qingdao Port. Different from the traditional terminal, without one worker in entire te

May 17, 2017

IEA: OPEC production cut agreement might not change the oversupply situation

According to the latest IEA monthly report, even OPEC entering into the production cut agreement may not reduce the global crude inventory as U.S. output could improve further. Under such ci

May 17, 2017

China crude oil external dependency reaches 70%

In March 2017, China crude oil imports settled at 38.95 million mt, up by 22.56% MoM and 19.44% YoY.

May 17, 2017

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