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PetroChina Luoyang's refining expansion project with 18 million mt/yr

It's reported that PetroChina Luoyang planned to expand the refining capacity from 8 million mt/yr to 18 million mt/yr.

April 14, 2017

Fuel oil freight rate declined gently in March

According to JLC, in March, the prevailing freight for 3,000 dwt fuel oil vessel from Dalian to Zhoushan was CNY120-130/mt, down by CNY20/mt MoM, and that from Dalian to Huangpu declined by

April 14, 2017

Shandong teapots pushed up the oil products prices amid crude oil bulls

In mid April, the international crude oil futures went up to $53-56/bbl, and according to JLC data, by April 13th the first work day, the change rate of referred crude oil varieties settled

April 14, 2017

Sinopec carried out environment inspection on 29 enterprises

Sinopec Group recently announced that, according to Beijing-Tianjin-Hebei and the Surrounding Areas Air Pollution Prevention and Control Program in 2017, since April 10th, six inspection tea

April 14, 2017

China oil product price rebounded slightly

According to the report released by Xinhua (Daqing) International Petroleum Information Centre, as of April 12th, China oil product price index was 671.35, increasing 3.65%.

April 14, 2017

U.S. wells increased and oil closing price rose slightly

On April 13th (Thursday), IEA report showed that the global crude oil inventory declined in March, which marked the oversupply relieving. However, as U.S. crude oil active wells continued to

April 14, 2017

EIA inventory slumped while U.S. output surged; the oil closing price saw decrease

On April 12th (Wednesday), although EIA latest inventory report said that U.S. crude oil inventory dropped substantially last week, U.S. fuel oil demand maintained at a strong status, as wel

April 14, 2017

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