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Russia may increase output after production cut agreement expiration

On April 25th (Tuesday), as Russian government said it would raise the crude output when the current production cut agreement expired if oil-producing countries could not get consensus on th

April 26, 2017

Oil products prices would see further increases in Q2 2017

In 2017, China oil products prices slid to the lowest levels but rallied again in April, during which time the oil products retail prices experienced up-adjustments three times, down-adjustm

April 26, 2017

China coastal imported mixed aromatics market to be stable or keep declining in the future

The rumors of levying tax on imported mixed aromatics kept pushing up the price in China coastal areas since April, and the price hit the annual high of CNY5,900/mt in middle April. Under th

April 26, 2017

Feedstocks grew to 1.88 mln mt in Shandong ports

The total inventory in Qingdao port, Longkou port, Laizhou port as well as Rizhao port totaled 1.88 million mt on April 20th, which accounted for 38.72% of the total tank capacity, increasin

April 26, 2017

The U.S. output continued to pick up

Despite the weak USD and the U.S. crude oil and distillate oil stocks continuing to decline recently, the international crude oil futures market dropped after continuous rebounds.

April 26, 2017

Consumption tax died out gradually causing the price drop of import aromatics

The high inventory in Cushing and geopolitical crisis in Afghan and North Korea posed international crude oil futures market fell. Brent dropped by $0.53/bbl to $55.36/bbl and the theoretica

April 25, 2017

Jet fuel EXW price is estimated to move up in May 2017 amid the tight supply

According to JLC, the average price of Singapore jet fuel was $51.02/bbl during March 25th and April 24th in 2017, up by $0.82/bbl from last round, and the average dollar-yuan exchange rate

April 25, 2017

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