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U.S. oil active drilling wells number recorded a new top resulting in lower oil prices

On March 20th (Monday), as the number of U.S. crude oil active drilling wells increased significantly resulting in more obvious increasing trend in shale oil production, and the supply from

March 22, 2017

Yan'an Refinery overhaul endows limited impact on oil products market

As is known to JLC, the oil refining units of Yan’an Refinery, affiliating to Yanchang Group, pulled up on March 7th to get about 20 days’ routine overhaul beginning on March 11th, and o

March 22, 2017

China three teapots to be the new buyers of imported crude oil

Since China Ministry of Commerce issued the first batch of imported crude oil quota in mid January, 2017, Jincheng Petrochemical, Hebei Xinhai and Wudi Xinyue Fuel Chemical successively beca

March 21, 2017

Diesel import arbitrage hiked to CNY144/mt in South China

As for the import side, on March 1st-15th, 2017, the import profit of Singapore gasoline in South China was average at –CNY657/mt, with losses decreasing CNY180/mt against February; diesel

March 21, 2017

Oil closing price declined amid the concerns on the increasing output

On Monday (March 20th), the news that OPEC might prolong the production cut plan imposed limited influence on rallying the oil price; while the new high of US active crude oil drillings and

March 21, 2017

Oil product market to keep bearish trend under the downward expectation on retail price

Recently, international crude oil futures price maintained range bound. OPEC’s monthly report showed that global crude oil inventory still kept increasing although oil producing countries

March 21, 2017

Shandong ports oil inventory continued to hike

The data from JLC showed in Shandong the coastal ports’ crude oil and fuel oil commercial inventory continued increasing, and on March 16th the total stocks in Qingdao, Longkou, Laizhou an

March 21, 2017

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