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Sinopec HQ and refining companies discussed the crude oil imports purchasing strategy

On March 24th, Sinopec HQ Refining BU and refining companies along the Yizheng-Changling pipeline discussed the purchasing strategy on importing crude oil as well as the issues like the regu

March 29, 2017

Oil product market to be bullish after the great retail price reduction

The bearish news like the increasing US crude oil output, inventory and active drillings, the picking-up crude output in Saudi Arabia and the increasing production plan of Iraq and Libya all

March 29, 2017

Sinopec earns profits of 46.4 billion yuan in 2016

Sinopec released in its annual report on the evening of March 26th that the company earned operation income of 193 million yuan in 2016, sliding 4.4% year on year.

March 28, 2017

Asphalt price to be steady in April and May after rising CNY300/mt

As for the domestic asphalt market, after the Spring Festival, the asphalt price in Northern China gained CNY300-500/mt, due to the positive purchase for storing, strong crude futures, marke

March 28, 2017

Non-OPEC oil producers completed 64% of the agreement

According to the report, Kuwait Oil Minister Essam Al-Marzouk said, in March non-OPEC producers had completed 64% of the oil output reduction agreement.

March 28, 2017

March domestic heavy oil market kept low-price running amid thicker bearish sentiment

Since March, international oil price dropped to $47/bbl and the transaction in gasoline and diesel market in teapots was poor, suppressing domestic heavy oil market. The wait-and-see sentime

March 28, 2017

China Fuling shale gas field totally supplies 10 billion cbm

China’s first large-scale shale gas field Chongqing Fuling shale gas field had totally supplied gas above 10 billion cbm, according to Sinopec recently, indicating China shale gas developm

March 28, 2017

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