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China gasoline and diesel retail price adjustment may be shelved on April 26th

International oil price kept declining suppressed by the increasing crude supply and gasoline inventory although the global crude oil inventory declined in certain degree. The recent decline

April 25, 2017

Teapots asphalt market trend in Q1 2017

In the first quarter of 2017, Shandong asphalt market experienced the low price and then rallied rapidly, and the market price fell into fluctuating trend.

April 25, 2017

CHIMBUSCO and NMB signed the Strategic Cooperation Agreement on Fuel Supply

On April 20th, Sun Hougang, the general manager of CHIMBUSCO, and his team paid a visit to National Maritime Bureau, and signed the Strategic Cooperation Agreement on Fuel Supply with Xu Ruq

April 25, 2017

Active wells doubled and production cut seemed uncertain; oil closing price slumped

On April 21st (Friday), as the number of U.S. active drilling wells has increased to more than double of that of the same period last year, the U.S. crude oil output continued to show signs

April 25, 2017

Vietnam crude oil was mainly exported to China

In the first quarter of 2017, Vietnam's crude oil exploitation amount was 3.46 million mt, up by 5.5% YoY. It's reported that the crude oil of Vietnam was mainly exported to China.

April 24, 2017

Bunker oil margins gained gently amid cost decline

As IEA data proved American gasoline inventory increased instead of declining, the market fears on fuel oil demand drops were evoked, and international crude oil price decreased.

April 24, 2017

Hengli Petrochemical plans to turn into a top petrochemical industry base

On April 14th, the power plant boiler’s first steel structure of Hengli Petrochemical with a capacity of 20 million mt/yr was successfully hoisted, indicating the integrated project of Hen

April 24, 2017

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