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LPG price in November 2016 may be similar with that in 2015

Upon entering November, the market focuses on formal OPEC meeting in Vienna at the end of the month when details about cutting crude output will be discussed by oil producing countries. Whether OPEC will keep crude output at 32.5 million-33 million barrels per day is to be confirmed on the meeting.

11-03-2016 09:53:05

China's imported crude oil rose from 2015 to become the largest crude oil importer

According to the data, in September China's imported crude oil rose by 18% YoY to 33.06 million mt, around 8.04 million bbl/d, higher than 7.98 million bbl/d in the US at the same period and became the world's largest crude oil importer.

10-31-2016 17:51:14

Chinese Academy of Sciences: China’s bio-diesel production exceeded 300,000 mt in 2015

Tianjin Institute of Industrial Biotechnology, Chinese Academy of Sciences and Documentation and Information Center, Chinese Academy of Chengdu published Chinese Bioindustry Investment and Analysis Report 2016 on October 25th ,

10-26-2016 17:09:31

Global energy investments dropped by 8% in 2015

09-18-2016 09:56:41

China raised strategic crude reserves by 22% in H2 2015

According to the National Statistical Bureau of China, China's strategic crude oil reserves soared by 22.5% in the second half of 2015, from 26.1 Mt (190 mbl) to 31.97 Mt (233 mbl), i.e. about 33 days of net oil imports.

09-12-2016 08:51:18

Teapots crude imports quadrupled against 2015 in H1

China’s General Administration of Customs data showed, in the first half year of 2016, Shandong independent refineries imported crude 22.23 million mt, or about 1.08 million barrels per day, more than four times against the previous year.

07-25-2016 14:59:54

China signals coal-capacity cut equal to 7.5% of output in 2015

China says it’s reining in coal production as the country tries to curb the pollution choking the nation’s cities and eliminate so-called “zombie” companies in the struggling industry.

06-27-2016 10:18:02

China's trade with Belt and Road countries surpasses $1 trillion in 2015

China's trade with countries participating in the Belt and Road Initiative surpassed $1 trillion in 2015, accounting for a quarter of its total foreign trade, Chinese President Xi Jinping said here Wednesday.

06-24-2016 14:06:12

Shenhua Group's gross profit drops by 50% to CNY31.8 bln in 2015

Shenhua Group made a gross profit of CNY31.8 billion in 2015, down by 50% YoY, the company said in its annual performance report on May 12th 2016.

05-12-2016 17:05:36

China Coal Energy makes a loss of CNY3.3 bln in 2015

According to the 2015 annual performance report released by China Coal Energy the other day, the company recorded a revenue of CNY59.271 billion in 2015, down by 16.1% YoY. Its gross profits slumped by 43% YoY to CNY4.104 billion. It made a net loss of CNY3.2.67 billion, or CNY0.25 per share.

03-23-2016 14:26:58

53% coal producers in Shuozhou suffer losses in 2015

Coal companies are exposed to various difficulties, including hiking accounts receivable amid difficult sales, intensifying financial pressures amid increasing production cost and slumping corporate profits.

02-23-2016 09:29:03

27 listed coal firms see a loss of CNY17.5 bln in 2015

According to the China National Coal Association, over 80% coal makers were in the red in 2015, and even the most profitable listed coal firms saw performance worsening.

02-19-2016 11:03:25

19 listed coal companies see 2015 net profits fall by CNY40 bln

A few coal makers are still barely profitable at 2015’s average price of CNY425/mt, but no one can avoid losses given prices stay at the current level of CNY370/mt throughout 2016.

02-15-2016 10:58:12

Coal resource tax reforms remove CNY18.1 bln cost burden for coal sector in 2015

According to the State Administration of Taxation, a total of CNY33.3 billion resource tax was levied on the coal sector in 2015 after the levy shifted to a price-oriented mode, hiking by CNY18.5 billion or 125% on the year, while a total of CNY36.6 billion fee fund was reduced.

01-27-2016 16:08:25

Shenhua's coal sales down by 17.9% in 2015

In 2015, China’s coal consumption dropped amid sluggish demand, a mild winter and energy structure adjustment, and Shenhua Group properly reduced output from inefficient mines and coal trading volume, which brought out a 17.9% decline in its coal sales.

01-27-2016 13:55:16

Technical innovation and slowing demand mixed in 2015 MTBE

In past 2015, China MTBE showed innovation in producing technology and slowing demand growth with incessantly accidents.

01-27-2016 10:48:51

China produces 3.695 bln mt of raw coal in 2015

According to the National Bureau of Statistics, China’s raw coal output reached 316.59 million mt in December, 2015, down by 0.3% YoY and 0.11% MoM. It was the first monthly decline after a 3-consecutive-month increase.

01-22-2016 09:54:46

Teapots mainly imported light crude in 2015

01-21-2016 17:44:12

China Coal's commercial coal output down by 14.6％YoY in 2015

China National Coal Corporation (China Coal) totally produced 95.47 million mt of commercial coal in 2015, a yearly slip of 14.6%. The output had been sliding for three consecutive years under sluggish coal market and capacity restriction policies.

01-21-2016 17:25:39

China Top Ten Blended Oil Traders in 2015

According to JYD, China top ten blended oil traders totaling produced 2.445 million mt in 2015, an increase of 2.72% against the previous year, accounting for 65.23% of the total market.

01-21-2016 15:35:51

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