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Record-high 9.4 million bbl U.S. crude to reach Asia

According to Reuters trade flow data, around 9.4 million bbl U.S. crude oil is scheduled to unload in Asia in April, which would post a record high.

March 16, 2017

Prolonged fishing off season to impose limited influence on the whole No.4 fuel oil demand

Introduction: Ocean summer fishing off season in 2017 will be lengthened, so where would No.4 fuel oil go as the mostly applied fuel of fishing vessels? Let’s have an analysis next.

March 16, 2017

Crude oil trend before May to determine Saudi Arabia’s production cut plan

Oilprice.com reports that OPEC is in a dilemma that the oil price will slump if the production cut is not prolonged, but the market share will be handed over to other countries if it keeps t

March 15, 2017

Western oil giants to benefit from Russian energy sanction lifts

According to Russia media on March 10th in Huston, Richard Matzke, the Lukoil and PetroChina executive, cited in Sputnik’s interview that western oil giants gained most benefits from lifti

March 15, 2017

Japan invites Saudi oil giant to go listed in Tokyo

On Monday, Japan government agreed to encourage technical export and investment toward Saudi Arabia in hope of strengthening ties with Saudi Arabia. The government also invited Saudi Aramco

March 15, 2017

Asian 500 ppm diesel stays short on firm demand

Asian 500 ppm diesel market was trapped in supply shortage on firm demand on Tuesday. Procurements for 500 ppm diesel have been heard from Sri Lanka, Malaysia and Vietnam.

March 15, 2017

OPEC: Saudi cites higher crude output in February

According to OPEC monthly report, Saudi Arabia said that its crude oil output jumped to 10.01 million bbl/day in February, although Iraq, UAE, Angola and Venezuela further cut production dur

March 15, 2017

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