Energy report, Chemical report,News & Commentary, Market Price, JLC database

UBS: Brent to rise above $60/bbl

According to United Bank of Switzerland (UBS), Brent crude oil futures might probably surpass $60/bbl in the next three months on global shortage of petroleum products, regardless of soaring U.S. inventory.

03-31-2017 12:00:58

PetroChina suffers lowest daily profits of 21.64 million yuan since listed

PetroChina released its annual report for 2016 on March 30th, stating that the company has earned revenue and net profits of 1.62 trillion yuan and 7.9 billion yuan respectively, losing 6.3% and 77.8% year on year.

03-31-2017 11:56:51

UBS: Brent to rise above $60/bbl

According to United Bank of Switzerland (UBS), Brent crude oil futures might probably surpass $60/bbl in the next three months on global shortage of petroleum products, regardless of soaring U.S. inventory.

03-30-2017 18:02:33

Sinopec earns profits of 46.4 billion yuan in 2016

Sinopec released in its annual report on the evening of March 26th that the company earned operation income of 193 million yuan in 2016, sliding 4.4% year on year.

03-28-2017 17:52:07

Saudi Aramco signs contract with CNOOC to supply crude for Huizhou Refinery

According to foreign media in Singapore on March 23rd, Saudi Aramco signed an one-year contract with CNOOC to supply crude oil for the forthcoming 2nd Project of CNOOC Huizhou Refinery.

03-27-2017 18:00:31

Sinopec procures Chevron assets in South Africa and Botswana

Sinopec announced on March 22nd that it had concluded an agreement with Chevron Corporation (Chevron for short) to purchase 75% of Chevron South Africa (Proprietary) Limited’s stock rights.

03-23-2017 18:14:56

India to import gasoline and diesel from China firstly in four years

According to Indian media, India, the world’s third largest oil consumer, might likely import gasoline and diesel from China for the first time with an aim of diversifying its energy sources.

03-23-2017 11:50:36

Saudi crude exports shrank in January

Since OPEC implemented output reduction agreement in early 2017 to balance the market, Saudi Arabia, the organization’s largest exporter, trimmed its crude exports in January and outperformed production cut as it had promised.

03-23-2017 11:47:53

Bearish OPEC monthly report weighs on crude futures close

The latest dates of OPEC on March 14th showed the crude oil stock still increased although the OPEC and non-OPEC countries cut production.

03-17-2017 17:57:06

Record-high 9.4 million bbl U.S. crude to reach Asia

According to Reuters trade flow data, around 9.4 million bbl U.S. crude oil is scheduled to unload in Asia in April, which would post a record high.

03-16-2017 16:08:16

Western oil giants to benefit from Russian energy sanction lifts

According to Russia media on March 10th in Huston, Richard Matzke, the Lukoil and PetroChina executive, cited in Sputnik’s interview that western oil giants gained most benefits from lifting Russian energy sanctions.

03-15-2017 16:53:33

Japan invites Saudi oil giant to go listed in Tokyo

On Monday, Japan government agreed to encourage technical export and investment toward Saudi Arabia in hope of strengthening ties with Saudi Arabia. The government also invited Saudi Aramco to get listed in Tokyo Stock Exchange.

03-15-2017 16:41:58

Asian 500 ppm diesel stays short on firm demand

Asian 500 ppm diesel market was trapped in supply shortage on firm demand on Tuesday. Procurements for 500 ppm diesel have been heard from Sri Lanka, Malaysia and Vietnam.

03-15-2017 15:03:37

OPEC: Saudi cites higher crude output in February

According to OPEC monthly report, Saudi Arabia said that its crude oil output jumped to 10.01 million bbl/day in February, although Iraq, UAE, Angola and Venezuela further cut production during this period. In January, the country’s output stood at 9.748 million bbl/day.

03-15-2017 14:56:40

IEA: India crude demand to soar

The International Energy Agency (IEA) forecasted in its report on March 12th that India demand growth for crude oil might surpass China by 2022, after the country exceeded Japan and ranked the third largest crude consumer in 2016.

03-15-2017 11:50:36

China crude output during January and February hits 4-month low

According to data released by National Bureau of Statistics (NBS) on March 14th (Tuesday), China crude oil output hit new low since last October as previous price growth failed to attract domestic drillers back to oilfields.

03-15-2017 11:11:31

Continuous assaults dragged Libyan crude output down 13%

According to sources familiar with Libyan crude oil industry on March 14th (Tuesday), Libyan crude output plunged 13% as disputes in the past eleven days resulted in facility shutdowns.

03-15-2017 11:09:18

Kazakhstan crude output surpasses reduction agreement in February

According to data released by Kazakhstan on Monday, the country’s crude oil output in February surpassed quota previously settled with OPEC.

03-14-2017 18:01:11

Oman crude output inches lower in February

According to Times of Oman on March 12th, Oman’s Ministry of Oil and Gas released in its monthly report on Sunday that the country has totally produced crude oil of 27.16 million bbl in February, or 970,000 bbl/day. The output in its report marked a drop of 0.09% month on month.

03-14-2017 17:50:36

9.4 million bbl U.S. crude to reach Asia in April

The U.S. crude oil exports totaled 897,000 bbl in the week ended March 3rd, climbing 176,000 bbl week on week and 510,000 bbl or 130% year on year.

03-14-2017 16:45:52

Login

Leading provider of market intelligence and pricing solutions for energy products and commodities in China