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Gasoline and diesel market to rebound amid the bullish supply and demand

OPEC continued to fulfill the promised output cuts, combined with the sharp drop in fuel oil inventory and falling dollars, providing support to the oil prices recently.

03-09-2017 18:02:31

Gasoline exports fall sharply in January amid the peak season for the domestic market

According to customs data, China's gasoline exports registered at 599,400 mt in January 2017, down 37.35% MoM, up 1.14% YoY. China's gasoline imports read 20 mt in January 2017, down 53.6% MoM, down 99.98% YoY.

03-07-2017 18:19:56

Inventory increases at Shandong ports amid the arrival of imports

According to JLC's investigation on the inventory at ports, the commercial inventory of crude oil and fuel oil at Shandong ports increased. As of March 2nd, the total inventory of Qingdao Port, Longkou Port, Laizhou Port and Rizhao Port read 1.47 million mt, up 200,000 mt WoW.

03-03-2017 17:29:30

CDU run rates of main teapots in Shandong and other regions

Elfa (Jiangyin) Asphalt’s processing volume picked up gradually, and the run rates of teapots in other regions inched up.

03-02-2017 16:01:52

Domestic gasoline and diesel wholesale prices continue declining

During the current round of pricing cycle, the possible extension of the output reduction plan of oil-producing countries and the optimistic market attitude caused by this both provided support for the oil price. However, the oil price was weighed down by market concern.

03-01-2017 08:59:48

Shipping construction grows vigorously in port cities

Entering 2017, many port cities in China have issued guidelines in succession in a bid to expand the investment and promote the construction of shipping center. Below is the ports’ information collected by JLC:

02-28-2017 17:12:35

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.

02-23-2017 17:39:54

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 bbl/d in November, the highest since May 2003.

02-23-2017 17:28:53

Analysis on the reasons behind China's increasing dependence on foreign oil

China’s crude oil production declined amid the low oil prices. Domestic energy consumption structure won’t change in the short run amid the insufficient Strategic Petroleum Reserve (SPR).

02-23-2017 08:44:22

China oil products price index inches up

According to the report released by Xinhua (Daqing) International Oil Information Center, as of February 17th, China oil products index read 693.44, inching up by 0.03%.

02-22-2017 13:49:24

PetroChina secures an 8 percent share in an onshore oil concession in Abu Dhabi

According to Bloomberg on February 19th, PetroChina secured an 8 percent share in an onshore oil concession in Abu Dhabi in a deal worth $1.8 billion, as the Middle East countries hoped this could bring more foreign investors to improve their crude oil production capacity.

02-21-2017 16:46:47

Oil prices close higher mainly due to the output reduction of OPEC

WTI oil price was not available on February 20th (Monday) as US markets were closed for the President's Day holiday. Brent crude futures rose amid the output reduction of OPEC but the rise was capped by the high inventory and rebounded output in the US.

02-21-2017 16:40:20

Domestic diesel price rises amid the recovery of demand

Recently, major OPEC oil producers have continued to release news on reducing output, especially OPEC sources told Reuters that in order to rebalance the market, the agreement on output reduction might be extended or the extent of the reduction of output would be raised.

02-21-2017 14:21:16

Exports of jet fuel rise to new highs in December

According to customs data, China imported jet fuel of 294,000 mt in December 2016, up 14.56% MoM and down 2.26% YoY. In 2016, China's total imports of jet fuel reached 3.9445 million mt, up 0.96% YoY. China exported jet fuel of 1.5684 million mt in December 2016, up 22.15% MoM and up 15.47% YoY.

02-09-2017 18:40:36

Terminal demand for oil products recovers slowly, retail profits of gas stations improve

According to JLC’s calculations, as of February 7th, the fifth working day of the current round of oil products pricing cycle, the rate of change in the price of crude oil was 1.4%, and the average price of the referenced crude oil was $54.52/bbl.

02-08-2017 18:48:34

Diesel exports set a new record in December amid weak domestic demand

According to the customs data, China’s diesel exports in December 2016 stood at 1.7843 million mt, up 21.15% MoM and 81.38% YoY. China totally exported diesel of 15.4047 million mt in 2016, up 115.04% YoY.

02-07-2017 18:39:26

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