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Rumors on fuel consumption tax caused a harrowing blended oil market

Consumption tax that was rumored in the past few years aroused again. According to the latest news of JLC, it rumored that the relevant state departments will impose consumption tax on impor

March 31, 2017

UBS: Brent to rise above $60/bbl

According to United Bank of Switzerland (UBS), Brent crude oil futures might probably surpass $60/bbl in the next three months on global shortage of petroleum products, regardless of soaring

March 31, 2017

PetroChina suffers lowest daily profits of 21.64 million yuan since listed

PetroChina released its annual report for 2016 on March 30th, stating that the company has earned revenue and net profits of 1.62 trillion yuan and 7.9 billion yuan respectively, losing 6.3%

March 31, 2017

BP Energy Outlook-2017

The base case outlines the most likely path for global energy markets to 2035, including an expected 30% growth in consumption with a mix of fuels that becomes progressively lower in carbon.

March 31, 2017

UBS: Brent to rise above $60/bbl

According to United Bank of Switzerland (UBS), Brent crude oil futures might probably surpass $60/bbl in the next three months on global shortage of petroleum products, regardless of soaring

March 30, 2017

Shandong ports oil inventory suffered a drop to 1.66 mln mt

The data from JLC showed in Shandong the coastal ports’ crude oil and fuel oil commercial inventory continued increasing, and on March 30th the total stocks in Qingdao, Longkou, Laizhou an

March 30, 2017

Deep processing units are in losses

According to data from JLC, profit of olefin deep processing units was around cost line. Isomerization units got great losses.

March 30, 2017

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