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International Crude
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China to Lower The Prices of Both Gas and Diese
Apr 30, 2019China 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 ...
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China Sets Floor for Retail Fuel Pricing
Jan 13, 2016China 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
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China's Price Move Signals Discomfort with Plunge
Dec 21, 2015The 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
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South Korea Data: Nov Crude Imports Record First Decline in Over a Year
Dec 2, 2015South 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
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China: Little Interest Seen for Russian Tender
Sep 12, 2015China'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
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China LPG Prices Retreat on Higher Refinery Stock
Aug 31, 2015LPG prices in south and east China's wholesale markets slid this week, despite stronger crude oil futures at the end of the week, due to a rise in domestic inventories, trade sources said Friday. Many refineries and LPG import terminals ...
Tags: LPG prices, crude oil
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China to Allocate 34 Million Barrels of Storage Space Along China's Eastern Coast
Jun 7, 2015Shanghai's International Energy Exchange or INE intends to allocate 34 million barrels of storage space along China's eastern coast to serve participants of the country's proposed crude oil futures contract, officials said at the Shanghai ...
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Increase Followed Gains in International Oil Prices Due to a Tense Geo-Political Situation
May 12, 2015The NDRC said the increase followed gains in international oil prices due to a tense geo-political situation in the Middle East and a weakening dollar.China has a pricing regime which adjusts domestic fuel prices when international crude ...
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China to Further Improve The Oil Retail Price
Apr 27, 2015China may raise retail oil prices for a second time this month as a new window for adjusting gasoline and diesel prices opens on Friday, Gasoline and diesel retail prices are likely to be raised by more than 300 yuan (49 U.S. dollars) per ...
Tags: oil prices, gasoline
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China Nov. CPI Growth Dips to 5-Year Low
Dec 10, 2014China's consumer prices in November grew by their slowest pace in five years, official data showed on Wednesday, raising the probability of more easing measures by the central bank. China's consumer price index (CPI), the main gauge of ...
Tags: consumer prices, November's CPI
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China's Raised Domestic Retail Prices of Gasoline and Diesel
Jun 25, 2014China's National Development and Reform Commission has raised domestic retail prices of gasoline and diesel by Yuan 165/mt ($26.50/mt) and Yuan 160/mt, respectively, effective midnight Tuesday. This is the first fuel price adjustment in a ...
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China Announced on Friday a Rise in The Retail Price of Gasoline and Diesel
May 28, 2014China's top economic planner announced on Friday a rise in the retail price of gasoline and diesel, both by 70 yuan (11.35 U.S. dollars) per tonne as of Saturday. The move means that the benchmark retail prices of gasoline and diesel will ...
Tags: Oil Products, Crude Oil
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China's State-Owned Refiners Are Raising Planned Crude Runs to Average 82% Capacity
Apr 24, 2014China's state-owned refiners are raising planned crude runs in April to average 82% capacity, up from 81% in March, Platts monthly survey showed Tuesday. The 23 refineries surveyed plan to process a combined 17.495 million mt (4.275 ...
Tags: Refiners, PetroChina
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Sinopec Corp Posted Modest Gains in Its 2013 Upstream and Downstream Oil & Gas Production
Mar 27, 2014State-owned China Petroleum and Chemical Corp, or Sinopec Corp, posted modest gains in its 2013 upstream and downstream oil and gas production and has pledged to reduce its capital expenditure this year. In its annual financial results ...
Tags: Sinopec, Oil, Gas Output, Chemicals
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NDRC : There Will Be No Change in The Prices of Gasoline and Diesel
Feb 19, 2014The National Development and Reform Commission (NDRC) said Wednesday that there will be no change in the prices of gasoline and diesel this time. The price regulatory attributed this to the pricing regime which did not meet the standard. ...
