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EIA crude oil inventory increased; oil closing price rose slightly

On April 5th (Wednesday), despite the short-term interrupt of crude oil production in North Sea Oil Field and the optimistic expectation of prolonging output reduction agreement, the EIA cru

April 11, 2017

C4 feedgas supply to be tighter amid the increasing run rate of deep processing units

It is known that Shandong and North China, as the major regions of deep processing, have high dependency on the liquefied gas that contains olefin. According to JLC, C4 feed gas is always in

April 11, 2017

HNA Group Global acquired 51% stock equity from Clencore with 775,000 dollars

On March 31st, HNA Capital, the subsidiary of HNA Group Global signed the joint venture agreement with Clencore, the trading giant of global bulk commodity. HNA Capital acquired 51% stock en

April 10, 2017

Run rate of DME units may fall further

Since H2 2014, run rate of domestic DME units continued to fall. The run rate in 2016 was less than 25%. Many DME companies are seeking for transformation, leaving the field temporarily or p

April 10, 2017

Phase II project of CNOOC Huizhou Refining is to operate

It was learned by JLC that phase II newly-built 10 million mt/yr refining unit of CNOOC Huizhou Refining will operate in the second half of April. And 1 million mt/yr ethylene unit of CNOOC

April 10, 2017

Oil product retail price may embrace the third raise in 2017 during April 10th and April 14th

Since March, global fundamentals data were poor and the international crude oil futures price was in downward trend suppressed by multiple bearish factors such as the increasing US crude oil

April 10, 2017

Profit of PDH units in Q1 2017

Despite down by 18.32% from the fourth quarter of 2016, profit of PDH units in the first quarter of 2017 still averaged CNY1,824/mt.

April 10, 2017

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