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Russia to cut more oil output than promised in February

Russia's oil production cut is expected to top what it promised in the oil production cut deal with the OPEC, Alexander Novak. Minister of the Energy of the Russian Federation said on Februa

February 24, 2017

Asphalt demand on Gansu road construction in 2017 to be 3-3.5 mln mt

In 2017, in Gansu Province the traffic sector will do a good job from the construction of major projects, improve the traffic targeted poverty alleviation and the traffic reform of key areas

February 24, 2017

Sinopec resumes the crude oil production of four blocks of Shengli Oilfield

Sinopec resumed the crude oil production of four blocks of Shengli Oilfield, which were shut down one year before amid poor economy.

February 23, 2017

Saudi's crude oil production and exports climb in 2016 despite the decline in December

According to the monthly data released by JODI on Monday (February 20th), Saudi Arabia's crude oil exports declined to 8.014 million bbl/d in December last year, lower than the 8.258 million

February 23, 2017

Inventory at Shandong ports descends amid faster pipelining

According to JLC, crude oil and fuel oil commercial inventory slid down in Shandong coastal areas this week. Total inventory in Qingdao port, Longkou port, Laizhou port and Rizhao port dived

February 23, 2017

Feed gas import volume mounts gradually

In China, capacity of deep processing companies has expanded rapidly, requiring more and more volumes of feed gas. As that produced by domestic refineries is far less to meet the demand, mar

February 23, 2017

Platts investigation: China oil import growth to slow in 2017

According to Dow Jones on February 20th, delegates participating in the investigation during the Platts’ Petroleum and Energy Forum predicted that China oil imports would continue upward i

February 23, 2017

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