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Domestic heavy oil kept sluggish due to weak demand

In April, Shandong domestic heavy oil market changed little to be stalemated. During Tomb Sweeping Day, the price increased CNY30-50/mt under the support of downstream users’ replenishment

April 17, 2017

China exploration fleets completed the first operation for offshore oil in Red Sea

On April 17th, as noted from CNOOC, the most advanced offshore oil exploration fleets in China "Offshore Oil 751" and "Offshore Oil 770" successfully completed the first marine exploration e

April 17, 2017

China became the world largest crude oil importer in Q1 due to SPR

In the first quarter China imported crude oil 8.55 million barrels per day, outpacing 8.18 million barrels per day of America and becoming the world largest crude oil importer.

April 17, 2017

Urumqi Petrochemical earned more than CNY0.5 billion in Q1

In the first quarter of 2017, Urumqi Petrochemical optimized the product structure and excavated internal potential to enhance and improve quality and recorded an income of CNY8.036 billion,

April 17, 2017

CSRC: China will launch the crude oil futures in 2017

According to China Securities Regulatory Commission (CSRC) website, the vice-chairman of CSRC Fang Xinghai said in an interview that, he was put in charge of futures market, and meanwhile he

April 17, 2017

Saudi: Oil supply shortage might turn up in the future

Saudi Arabian national energy giant principal warned that, affected by the recent production investment cut of $1 trillion, it might see a shortage of oil supply in the future.

April 17, 2017

Bunker oil market to be bullish along with the picking-up CSPI in China shipping industry

On April 10th, Shanghai International Shipping Institute (hereafter referred to as “SISI”) issued the Annual China Shipping Prosperity Report in 2017, stating that China shipping industr

April 17, 2017

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