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Falling demand increases the downside risk of international oil price

When talk about the oil price, the focus of both oil seller and oil producer will be the supply of crude oil, which is also the main reason for OPEC’s production cut plan. OPEC believes th

March 30, 2017

Profit of DME units falls below cost

DME price in domestic market continued to move downward, making end users reluctant to transact. As LPG-DME price spread kept low for long time, most end users failed to replenish actively,

March 29, 2017

Sino-Myanmar oil pipeline to reopen after lying idle for 2 years

It's reported that, an oil pipeline running through the entire territory of Myanmar and leading to Southwest China with a total length of 770 km is going to open, indicating a new trading li

March 29, 2017

Biodiesel will keep upward trend with or without the subsidy policy from US government

Through the analysis on US energy policies, the introduction of biodiesel industry development, the biodiesel supply-demand in major producing countries, the feedstock input, the capacity ut

March 29, 2017

4-5 mln mt of asphalt is needed in Xinjiang

During the 13th Five-year Plan period, Xinjiang would strive to complete the transportation infrastructure investment of CNY1,000 billion, in which CNY478.7 billion for highway, CNY208.8 bil

March 29, 2017

China is expected to surpass U.S. as the world largest crude oil importer

Keisuke Sadamori from IEA said in an interview, amid the demand growth, China was expected to surpass America as the world largest crude oil importer this year.

March 29, 2017

China gasoline exports read 1.06 million mt in February

According to the General Administration of Customs of PRC, the gasoline exports in February nearly reached the highest level made in 2016, reading 1.06 million mt, up by 77% on-year. In June

March 29, 2017

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