Crude Prices articles & resources on Made-in-China.com

China to Lower The Prices of Both Gas and Diese

Apr 30, 2019

China will lower the retail prices of both gas and diesel by 85 yuan (12.3 U.S. dollars) per tonne from Wednesday due to falling international prices, according to the country's top economic planner. It will be the second oil price cut ...

Tags: gas, diesel

China Suspends Oil Price Adjustment

Mar 1, 2017

China's top economic planner will not adjust domestic retail oil prices as global prices have stayed below the official pricing mechanism, according to an announcement on Tuesday. Under the current mechanism, prices of refined oil ...

Tags: oil prices, refined oil

Icahn Enterprises Seals Pep Boys Deal for $1bn

Feb 2, 2016

Icahn Enterprises has announced its plans to acquire automotive service provider Pep Boys-Manny Moe & Jack for $1bn. The deal was announced after Japanese tire maker Bridgestone quit the race to acquire the company by announcing that ...

Tags: Pep Boys, automotive service

China Sets Floor for Retail Fuel Pricing

Jan 13, 2016

China will not cut its domestic retail fuel prices when international oil prices fall below 40 U.S. dollars a barrel, the country's economic planner said on Wednesday. Previously, China set a ceiling for domestic retail fuel prices, which ...

Tags: Retail Fuel Pricing, oil products

Saudi Cabinet Increases Oil Prices and Service Tariffs

Dec 31, 2015

Oil prices have been raised in Saudi Arabia. At the same time, the Saudi cabinet has also added tariffs on electricity, water and sanitation services. Saudi officials have approved a national budget for the coming year with a deficit of ...

Tags: Saudi Cabinet, Oil Prices, Service Tariffs

Oil Prices to Remain Low Well Into 2016

Dec 29, 2015

Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...

Tags: Oil Prices, Crude Oil

China's Price Move Signals Discomfort with Plunge

Dec 21, 2015

The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...

Tags: oil product, crude oil

US VAM Price to Rise Through Q1 Amid Tightening Supply: Sources

Dec 18, 2015

The US vinyl acetate monomer market is seeing a tightening of supply that will likely push pricing higher through the first quarter of 2016 despite falling feedstock prices and a weaker energy sector, sources said. US VAM increased $20/mt ...

Tags: vinyl acetate monomer, crude prices

FOB Singapore 500 Ppm Gasoil Cash Differential Nosedives Into Discount on Supply Glut

Dec 18, 2015

The Asian gasoil market saw a sharp reversal in fortunes this month as higher exports from India and North Asia and weakness in Europe, despite the cold season, clamped shut arbitrage outflows from Asia, resulting in a buildup in supply ...

Tags: Gasoil, sulfur gasoil

US Stripper Wells May Be in Peril Below $35/B: Sources

Dec 16, 2015

Hundreds of thousands of US stripper wells with production totaling 1 million b/d of crude could be at risk if oil prices fall below $35/b, where prices teetered in recent days, for long, observers say. Stripper wells are wells nearing ...

Tags: crude, oil prices, wells

Dutch, German Natural Gas Prices Extend Falls on Weather, Oil

Dec 15, 2015

Dutch and German gas prices continued to slide Monday morning as weather forecasts remained mild and crude oil weakness weighed on the curve. By midday London time, Dutch TTF day-ahead slipped below Eur16.00/MWh, last trading 37.5 euro ...

Tags: Natural Gas, Oil, crude oil

South Korea Data: Nov Crude Imports Record First Decline in Over a Year

Dec 2, 2015

South Korea's crude oil imports fell 3.7% on year in November, marking the first decline in more than a year. The country imported 79.9 million barrels of crude oil in November, down from 83 million barrels a year earlier, preliminary ...

Tags: Crude Imports, oil products

Alaska House Approves Buyout of Transcanada Share of Alaska LNG

Nov 6, 2015

Alaskan legislators on Wednesday approved the state's buyout of TransCanada's interest in the Alaska LNG Project. The state House of Representatives voted Wednesday to approve funds for the acquisition, which was proposed by Governor Bill ...

Tags: Alaska LNG, TransCanada, oil revenues

China: Little Interest Seen for Russian Tender

Sep 12, 2015

China's independent teapot refiners are showing little interest in participating in Russian M100 tenders that are set to be issued in late September or early October, market sources said Thursday. Only two 40,000 mt cargoes of Russian ...

Tags: Teapot Refineries, Refineries

China's Yuan Devaluation Impacts on Petrochemicals

Aug 16, 2015

China's surprise devaluation of the yuan on Tuesday, when the country's central bank set the official value of the renminbi about 2% weaker against the dollar, has not hit the petrochemicals complex in a significant way, industry ...

Tags: polymer, carbide PVC

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