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Sinopec Yangzi to transform heavy oil unit for more light oil products

The heavy oil lightening renovation project of Yangzi Petrochemical Refinery has been fully operated recently to produce more value-added light oil products, such as gasoline and diesel.

11-13-2018 11:31:09

China oil giants urge to export oil products facing oversupply

China National Petroleum Corporation had exported the first batched of gasoline to Canada on June 20, 2018.

07-03-2018 14:28:45

Refining expansion intensifies the oversupply of oil products

Given the low price of crude oil, in 2016 China oil refining industry benefits increased continuously and the oil giants including Sinopec and PetroChina both gained profits.

05-02-2017 17:32:34

Oil products will rise amid retail prices' biggest gain and non-OPEC's output-cutting

Recently, international crude prices moved with mixed trend and the news that OPEC reached the freezing production deal was still rife, which continually pushed up oil prices. Then, international oil prices declined as a new high in Russia and OPEC November crude output was also worrisome

12-14-2016 10:47:24

China oil products prices climb to high underpinned by an expectation of price increase

China oil products prices climb to high underpinned by an expectation of retail price increase

11-25-2016 10:05:16

Shandong teapots pushed up the oil products prices amid good news

　In middle August, international crude futures were pushed up to $48-51/bbl. According to JYD, up to August 19th, the change rate of reference crude oil was 9.59%.

08-22-2016 16:32:43

Import and export situation of oil products was pessimistic in South China

According to arbitrage data form JYD, from August 1st to 15th, domestic gasoline and diesel prices declined and then rebounded. In the same time, Singapore gasoline and diesel prices were upward with fluctuations which deepened the loss of gasoline import, and the diesel situation turned better.

08-22-2016 10:19:47

Oil products retail prices would be promoted for the first time in the second half year

On the early stage of this evaluation period, the oversupply continued to hit the market. International crude oil shocked within a downtrend and nearly approached to $40/bbl.

08-17-2016 16:12:13

Oil products may be under pressure as before

Recently, the crude oil price mighty rebounded and then went down as the inventory remained at a high level and the oil producers’ production had reached new highs. But the crude oil price was higher than the previous week.

08-16-2016 11:57:24

Qingyuan Petchem newly-constructed oil products hydrogenating unit

Shandong Qingyuan Petrochemical planned to construct a gasoline and diesel hydrogenation unit with the capacity of 1.6 million mt/yr in Qilu Chemical Industrial Park Linzi District of Zibo City.

08-10-2016 15:57:38

China oil products AC suffered decline in H1; export adjusted the structure

In the first half year of 2016, China oil products (including gasoline, diesel and kerosene) output totaled 170.43 million mt, increasing 2.47% YoY.

07-25-2016 17:22:39

Gasoline increase pushed up China oil products stocks soar in June

Recently, Energy Aspects said, in June China oil products inventory continued to soar, mainly pushed up by gasoline inventory increasing to 57.3 million barrels, the historical high, and meanwhile, the diesel stocks declined by 3.8 million barrels.

07-25-2016 16:00:35

Shandong oil products bulk terminal project

Shandong Chengyue Trading Company planned to construct an oil products bulk terminal project in Shengtuo Industry Park in Kenli County of Dongying City.

07-25-2016 13:55:57

China oil products export will set a record high in H2

The news from Platts read that, as the new added independent refiners joined in the export troops and domestic oil giants had much unused export quotas, in the second half year of 2016 China oil products exports would gain strong growth continuously.

07-22-2016 17:09:53

China oil products consumption up by 4.4% to 141 mln mt in H1

NDRC released the data on July 21st that in the first half year of 2016, China oil products consumption settled up by 4.4% to 141.41 million mt, and gasoline went up by 13.7% and diesel with decline of 3.1%.

07-22-2016 16:31:50

Sinochem Quanzhou oil products export up by 20.8% in July

According to JYD, in July Sinochem Quanzhou exported oil products 0.29 million mt, up by 50,000 mt or 20.8% against the previous year.

07-22-2016 14:50:46

Oversupply pressed the profits of oil products

MattSmith from Clipperdata pointed out that as the China crude storage capacity is full, the crude import demand would be cut, and the international crude futures might break $40/bbl even $30/bbl.

07-20-2016 16:03:33

Hunan Province will be supplied with China V oil products since October

According to JYD, since October 1st Hunan Province would be supplied with China V oil products, 3 months in advance than the national regulations.

07-20-2016 11:17:22

China VI oil products would be supplied since 2019

Automotive gasoline standard with China VIA will be carried out since January 1st, 2019, with China VIB since January 1st, 2024, and the diesel standard with China VI will be carried out since January 1st, 2019.

07-15-2016 17:14:25

Shaanxi oil products market kept gloomy in H1

In the first half of 2016, China oil products market sustained weak. In Shaanxi Province in June the crude run and oil products output gained the growth against the previous month, but and sales reduced sharply.

07-13-2016 10:42:17

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