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Oil product export quota drops sharply; Overcapacity likely to worsen

Since the start of the year, not only independent refineries have been suspended from oil product exporting, but also the four oil giants have seen their oil product export quota plunge.

April 19, 2017

Reason for LPG price rising in Northeast China

Recently, the LPG market saw a bullish trend in North China. It is unexpected that the bad effect has been offset soon after the CP price dropping. It’s worth noting that the Northeast mar

April 19, 2017

China crude oil imports in March hit historical high

According to the data from the General Administration of Customs of the PRC, in March China imported crude oil 38.95 million mt (9.17 million barrels per day).

April 19, 2017

API crude inventory declined less than expected; the oil closing price dropped

On April 18th (Tuesday), API data showed that the U.S. crude oil inventory dropped less than expected last week and gasoline inventory hiked unexpectedly.

April 19, 2017

Qicheng Petrochemical was granted to use imported crude oil 1.6 mln mt/yr

China Petroleum and Chemical Industry Federation (CPCIF) claimed on April 17th that Shandong Qicheng Petrochemical Co., Ltd was qualified for using import crude oil 1.6 million mt/yr prelimi

April 19, 2017

Dongfang Hualong was granted to use imported crude oil 3 mln mt/yr

Shandong Dongfang Hualong Industry & Trade Group Co. Ltd was qualified for using import crude oil 3 million mt/yr preliminarily.

April 19, 2017

Shengxing Chemical was granted to use imported crude oil 2.2 mln mt/yr

China Petroleum and Chemical Industry Federation (CPCIF) claimed on April 17th that Shandong Shengxing Chemical Co., Ltd was qualified for using import crude oil 2.2 million mt/yr preliminar

April 19, 2017

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