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Shale oil price slumped after surging and bunker oil market moved sideways

Shale oil bidding price has always been an important indicator for heavy bunker oil market. In the last shale oil bidding on November 3rd, the weighted average price of the successful bid surged by CNY1,421/mt to CNY4,376/mt, which astonished the market.

11-20-2017 17:12:57

Crude price slumped as EIA said US shale oil output would surge in September

On August 14th (Monday), crude closing price slumped as National Bureau of Statistics of the PRC (NBS) statistics showed that China crude processing volume recorded the biggest seasonal decline in July, and EIA report said US shale oil output was to create a new high in September.

08-15-2017 16:42:35

Mixed aromatic imports slumped in May

According to General Administration of Customs of the PRC, during May, 2017, China imported other mixed aromatics of 777,600 mt, declining by 52.73% month on month and down by 35.53% year on year.

06-29-2017 15:46:26

Active wells doubled and production cut seemed uncertain; oil closing price slumped

On April 21st (Friday), as the number of U.S. active drilling wells has increased to more than double of that of the same period last year, the U.S. crude oil output continued to show signs of further growth, offsetting the production for the rebalance of supply and demand.

04-25-2017 08:44:19

Gasoline inventory rise resulted in worries on demand weakening; oil closing price slumped

On April 19th (Wednesday), as confirmed by EIA statistics, the U.S. gasoline inventory recorded an increase but not decline, which resulted in worries on fuel oil demand weakening.

04-20-2017 13:54:14

EIA inventory slumped while U.S. output surged; the oil closing price saw decrease

On April 12th (Wednesday), although EIA latest inventory report said that U.S. crude oil inventory dropped substantially last week, U.S. fuel oil demand maintained at a strong status, as well as USD depreciated, all of which provided support for oil price, which turned out to going down.

04-14-2017 10:08:56

Bunker oil proift widens along with the slumped cost

Recently, international oil price was in downward trend and the gasoline and diesel markets of teapots were also poor, along with which the residual price in North China and Shandong declined to CNY2,750/mt.

03-20-2017 13:44:15

Teapots profits slumped amid diesel plunging

This week, based on the settlement price CNY3,150/mt of light marine crude (density: 0.88-0.90) at Shandong market on October 26th, the theoretical processing profits of teapots settled down by CNY204/mt WoW to CNY196/mt, due to continuous drops of teapots’ products.

10-27-2016 13:50:42

China’s crude production slumped 9.8% YoY in September

According to the data published by National Bureau of Statistics, in September, China crude production declined consecutively and the decreasing range was the same as the previous month.

10-24-2016 17:39:55

Shipping industry slumped in Q3, but has a active expectation in Q4

On October 8th, Shanghai International Shipping Institute published China Shipping Prosperity Report of Q3, 2016 (Report). It showed the operation situations of China shipping companies were serious as a whole.

10-14-2016 17:33:39

China’s fuel oil imports slumped 27.12% to 8.1534 million mt

Up to August, in 2016 China had imported 8.1534 million fuel oil, slumping 3.0334 million mt or 27.12% YoY sharply. Among them, number 5-7# fuel oil took about 98.71% and others took about 1.29%.

10-14-2016 14:52:38

Jet fuel's imports slumped 7.7% MoM in August

According to customs data, in August, China’s jet fuel import volume and export volume were 315,400 mt and 1,126,400 mt respectively, slumping 7.7% MoM and increasing 2.93% MoM separately, but climbing 21.29% YoY and 16.82% YoY respectively.

09-28-2016 17:17:01

Feedstock prices slumped, blended oil profits slightly lifted

In July, domestic blended gasoline and diesel profits slightly increased. According to the monitoring data by JYD, blended gasoline profits were settled at CNY282/mt, up CNY19/mt MoM; blended diesel profits were settled at CNY209/mt, up CNY40/mt MoM.

08-08-2016 12:03:27

Lifted MTBE run rate slumped profits

Domestic MTBE market moved in a downward trend since middle May and exacerbated in June. Currently Shandong MTBE transaction prices was settled at CNY4,500-4,550/mt, down CNY700/mt than in middle May and down CNY500/mt than in early June.

06-20-2016 11:37:49

Multiple negative factors jointly slumped MTBE

Domestic MTBE market lifted since the May Day Holiday began, market prices rose continuously as the more demand in downstream and less market supply. According to JYD, Shandong MTBE transaction prices were settled at CNY5,200/mt in middle May.

06-12-2016 11:07:02

China fuel oil imports slumped

In April, China fuel oil imports settled at 826,600 mt, down by 125,400 mt or 13.17% MoM, and the fuel oil exports settled up by 40,300 mt, or 5.12% MoM to 828,700 mt.

05-30-2016 15:58:38

Oil Pipeline explosion slumped crude exports in Nigeria

According to Nigeria the Herald on 25th May, the oil pipeline explosion occurred frequently in Nigeria led to a further falling in crude oil exports in 21,000 bbl/day, thus resulting in a crude oil export revenue loss of $1.017million.

05-30-2016 15:02:43

US API crude inventories slumped by 5.14million bbl which double declined than expected

Data released by the American Petroleum Institute(API) showed on 20th May API crude inventories slumped by 5.14million bbl to 536.8million bbl, which double declined than analysts expected to reduce 2.5million bbl.

05-25-2016 10:35:49

Diesel imports slumped in China in April

Diesel imports slumped in China

05-23-2016 10:58:43

China fuel oil AC slumped by 32.12%

12-29-2015 17:45:10

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