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The strictest summer fishing-off system has little influence on the bunker oil market

On May 1st, a kick-off meeting for national special enforcement actions in summer fishing closure season launched in Zhejiang Ningbo, Liaoning Dalian and Hainan Sanya. This meeting marked th

May 02, 2017

China SPR made significant breakthrough

By the middle of 2016, China national petroleum SPR increased 7.15 million mt from the middle of 2015, which was a significant breakthrough. Considering the low price of petroleum wouldn’t

May 02, 2017

Price index of oil product continued sliding in China

According to the report of Xinhua (Daqing) International Petroleum Information Centre, as of April 26th, the price index of China oil product was 672.79, sliding by 1.16%.

April 28, 2017

Restarting of two oil fields in Libya resulting in oil closing price declining

On April 27th (Thursday), news from Libyan NOC showed that the two key oil fields in Libya had restarted, where the crude output are mostly for export. The oil oversupply situation would be

April 28, 2017

DME demand keeps sluggish

Latest data from JLC showed that DME daily output in China kept below 7,500 mt and run rate of DME units was around 20%.

April 28, 2017

Dalian Jinyuan is granted to use imported crude oil 800,000 mt/yr

On April 26th, Dalian Jinyuan Petrochemical was granted to use imported crude oil 0.8 million mt/yr preliminarily.

April 28, 2017

NDRC: the teapots aren't allowed to apply for crude import quotas after May 5th

On April 27th, NDRC released the notice that since May 5th, 2017, NDRC would stop receiving the application documents of using imported crude oil of the enterprises processing crude oil.

April 27, 2017

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