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IEA: India crude demand to soar

The International Energy Agency (IEA) forecasted in its report on March 12th that India demand growth for crude oil might surpass China by 2022, after the country exceeded Japan and ranked t

March 15, 2017

China crude output during January and February hits 4-month low

According to data released by National Bureau of Statistics (NBS) on March 14th (Tuesday), China crude oil output hit new low since last October as previous price growth failed to attract do

March 15, 2017

Continuous assaults dragged Libyan crude output down 13%

According to sources familiar with Libyan crude oil industry on March 14th (Tuesday), Libyan crude output plunged 13% as disputes in the past eleven days resulted in facility shutdowns.

March 15, 2017

Changling Refinery and Yueyang Petrochemical are to conduct maintenance in April

Changling Refinery in Hunan Province will stop operation from April 3rd for 50-day maintenance. And the maintenance will end in the second half of May. It is learned that the maintenance of

March 15, 2017

Oil product market hard to improve under the pressure brought by the downward retail price

No good news appeared in the crude oil market in this round of pricing cycle, and it is believed that FED will increase the interest rate within this week.

March 15, 2017

Kazakhstan crude output surpasses reduction agreement in February

According to data released by Kazakhstan on Monday, the country’s crude oil output in February surpassed quota previously settled with OPEC.

March 14, 2017

Kunlun Renqiu (North China Petrochemical) is to start maintenance

It is learned by JLC that PetroChina North China Petrochemical Branch (hereafter short as “North China Petrochemical”) will start maintenance from March 15th for 40 days.

March 14, 2017

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