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In Feb China crude oil daily import rose; Saudi Arabia reduced oil supply to China

As announced by the General Administration of Customs of PRC: in February 2017, China imported crude oil 31.78 million mt, declined by 6.61% MoM, and 0.06% YoY. In January and February, the

March 30, 2017

China diesel exports surged by 66.92% YoY in Feb due to oversupply

In February, China diesel exports rose by 22.82% on a monthly basis to 1,322,700 mt, up by 66.92% on a yearly basis. China diesel imports settled at 50,600 mt, down by 39.4% MoM and increasi

March 30, 2017

Shandong refining capacity reaches 210 mln mt

It’s learnt from Shandong Province Oil District Office that the total scale of Shandong petrochemical industry is CNY3,000 billion and refining capacity is 210 million mt, the world third

March 30, 2017

Oil price trend is unclear influenced by OPEC’s little effective production cut

International oil price was in obvious fluctuation since OPEC countries and non-OPEC countries began the production cut in early 2017. Brent price ranged around $55/bbl after the price reach

March 30, 2017

Jiujiang Petrochemical completes maintenance

Jiujiang Petrochemical completes maintenance with units restarting operation successively. However, the units fail to run normally with no products produced. It is selling previous LPG inven

March 30, 2017

100 million mt crude has been transported to China through Sino-Kazakhstan oil pipeline

On March 29th, good news came from Sino-Kazakhstan oil pipeline-the China’s first transnational oil pipeline-that 100 million mt crude oil has been delivered to China after the pipeline ca

March 30, 2017

China February LPG import and export volume both rise

China imported 1.4497 million mt LPG totally in February 2017, up 11.23% from January 2017. Despite the Spring Festival holiday in February, LPG import volume was still great. Against great

March 30, 2017

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