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Hengli Oilchem to set up in Singapore

Beijing (JLC), June 13, 2018--Hengli Petrochemical Dalian Refining & Chemical (Dalian Hengli), and Sinochem jointly set up a trading company called Hengli Oilchem on June 12, taking shares of 80% and 20% respectively.

06-13-2018 16:08:20

Freight rate in oil market would continue rising due to demand climbing up

On December 15th, the China Coastal (Bulk) Composite Freight Index released by Shanghai Shipping Exchange closed at 1,577.71 points, up 7.9% over the previous week.

12-19-2017 14:32:18

IEA Energy Outlook: China to be the world largest oil importer in 2020

Recently, IEA issued World Energy Outlook 2017-China Special Report in Beijing, noting that China would be the world largest crude oil importer around 2020.

12-14-2017 10:25:39

Sinopec starts operation of 20 mln mt/yr crude oil pipeline in China

Sinopec starts operation of 20 Mt/year crude oil pipeline in China

03-22-2017 10:18:44

Shenhua Ningxia Coal coal-to-oil project produces diesel

12-26-2016 16:41:35

Shenhua Ordos Coal Oil sells National V Standard gasoline

09-30-2016 11:22:23

Li Keqiang: A promising prospect for "coal-based oil" sector

China’s “coal-based oil” sector will see a bright future, premier Li Keqiang said during a visit to Peking University.

04-19-2016 08:54:35

Bunker oil is darkening amid slowing growth of ports cargo throughput

The data from Ministry of Transport of China showed, in February the cargo throughput of the national ports above designated size settled at 829.13 million mt, up by 23.22 million mt YoY.

03-24-2016 14:48:37

Cheap Gas Hurts Mining Companies As Well As Oil Producers

Low gasoline prices are not just a worry for oil-producing companies and countries, they’re starting to have an unexpected impact on some metals such as copper and the material billed as the new gas, lithium.

03-23-2016 09:34:50

Shenhua coal-to-oil project faces losses if the crude sustains low

Shenhua Ningxia Coal Group coal chemical center director Luo Chuntao said during Beijing’s two sessions, Shenhua coal to oil project with 4 million mt/yr has already totally completed investment 34.747 billion yuan, with total investment budget 55 billion yuan.

03-14-2016 17:07:55

Trial reform of oil & gas exploration starts in Xinjiang

On July 7th, the Ministry of Land and Resources (MLR) released a bidding announcement of oil & gas exploration through its portal, which indicates that China will carry a trial reform in the upstream of oil and gas in Xinjiang.

07-08-2015 17:39:11

Sino-Russia cooperation in oil & gas exploitation

China and Russia will cooperate in oil and gas exploitation in Russia’s continental shelf and companies from the two sides are now negotiating on related issues, said Anatoliy Yanofsky, official of Russia’s Energy Ministry.

06-02-2015 17:44:58

China is abundant in oil and gas

The latest assessment on the reserve of domestic oil and gas released by the Ministry of Land and Resources indicates that conventional oil and gas resources in China are abundant in total amount with natural gas showing greater potential. However, exploitation costs of both resources have grown.

05-27-2015 17:42:00

Proposal of reform on oil & gas may be released this year

It is known from insiders that draft proposal on the reform of oil and gas will be released for comment in June or July and the final version will come out at the end of this year.

05-22-2015 17:09:44

Tremendous space to develop for China Oil&Gas sector

At last, local companies need to be encouraged to cooperate with famous international big firms, bringing money and high-tech to China offshore oil&gas resources.

05-13-2015 13:45:33

Asian LNG prices to fall exposing European oil majors

Weak crude prices and rising liquefaction capacity in 2015-2016 are likely to lead to lower Asian liquefied natural gas prices in the second half of 2015.

02-25-2015 15:23:45

Feed gas deep processing rate drops amid slow demand for oil blending feedstock

Since the start of 2015, operation rate for alkylation and aromatization deep processing units, which use MTBE as feedstock, has dropped sharply.

01-22-2015 10:14:35

Oil dips amid weak economic growth in China

In January 20th, international crude oil price kept downward under pressure amid Chinese economy growth slowing and on December Iraq crude daily output reaching another record.

01-20-2015 18:01:38

IEA trims non-OPEC throughout growth estimate, eyes oil price rebound

IEA released on Friday (January 16th) that non-OPEC producers will work out less-than-expected throughout in 2015, which is expected to rebound oil prices to some extent.

01-19-2015 17:58:52

Brent crude levels US crude amid slumping global oil prices

Traders were seeking ways to stock excessive supplies. The glut of products dragged down oil prices sharply by 60%. Up to this week, Brent crude and US crude slumped 7% and 5% consecutively.

01-15-2015 15:59:29

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