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Shenghong Group started to build a 16 million mt/yr (320,000 bbl/day) crude distillation unit (CDU) and some other units in Jiangsu province on June 1,…
Shandong’s crude imports hit an all-time high in December, as some independent refiners tried to use up their quotas for 2018. About 12 million metric tonnes…
Fujia Group and China Huayang Economic and Trade Group Co. Ltd have signed a strategic cooperation agreement to jointly establish a 20 million mt/year (400,000…
Guangzhou (JLC), October 26, 2018--China has issued the third batch of quotas for this year’s general-trade refined oil exports and has boosted the total quotas…
China has launched the autumn-winter air protection battle for 2018-2019 in Beijing, Tianjin, Hebei and the neighboring area, which will hit refined oil demand. Tougher…
Shandong-based independent refiners have seen their crude refining margins gain for four straight weeks, on the back of strong product prices. Refiners' indicative product sales…
China concluded the first physical settlement of the Shanghai crude futures contract (SC crude contract) on September 7, 2018, indicating that the newly launched contract…