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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

Chinese Independent Refiners Step up Gasoil

Feb 21, 2016

China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...

Tags: independent refiners, gasoline

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

Retail Price of Gasoline Declined on Friday

Mar 27, 2015

China's top economic planner, the National Development and Reform Commission, announced on late Thursday afternoon that the authority decided to reduce the retail price of gasoline by 240 yuan ($38.73) a metric ton, or 0.18 yuan per liter, ...

Tags: Gasoline Price, Gas

Bangladesh Petroleum Corp Has Submitted a Formal Request to The National Board of Revenue

Feb 25, 2014

State-owned Bangladesh Petroleum Corp has submitted a formal request to the National Board of Revenue seeking a waiver from local taxes, value added taxes and other duties imposed on refined oil product imports, in order to borrow less from ...

Tags: Petroleum, Tax Waivers, Oil Product

Indian Refiner MRPL Is Close to Completing The Long-Drawn-out Third Phase

Feb 12, 2014

Indian refiner Mangalore Refinery and Petrochemicals Ltd is close to completing the long-drawn-out third phase of its expansion project, which will see a new petroleum fluid catalytic cracker and delayed coker unit come onstream at its 15 ...

Tags: Refinery Expansion, Metallurgy

China Established a Nationwide Industrial Association on Thursday

Jan 13, 2014

With the increasing opening-up of its oil market, China established a nationwide industrial association on Thursday for the distribution of refined oil products, especially gasoline. The new association, the China Petroleum Circulation ...

Tags: Oil Market, China's Oil Market, Industrial Association

China's Diesel Exports in October Soared 78.6% Year-on-Year to 250,000 Metric Tons

Dec 4, 2013

China’s weakening demand for domestic diesel for transportation and industrial use has fueled a spike in exports, according to Platts, the international commodities information provider. China’s diesel exports in October ...

Tags: Diesel Exports, refined oil products

South Korea's Fourth-Largest Refiner, Hyundai Oilbank Produced 90.76 Million Barrels

Nov 20, 2013

South Korea's fourth-largest refiner, Hyundai Oilbank, said Monday it produced 90.76 million barrels, or 333,677 b/d, of refined oil products over the first nine months of this year, down 9.7% from 100.48 million barrels a year earlier. ...

Tags: Oil Products, Mineral

Oil Prices Went up Thursday as Unrest in Egypt Bolstered Concerns That Oil Supplies

Aug 21, 2013

Oil prices went up Thursday as unrest in Egypt bolstered concerns that oil supplies from Middle East may be disrupted. The Middle East accounted for 35 percent of global oil output, according to the International Energy Agency. Egypt ...

Tags: Oil, Metallurgy, Mineral, Energy

Sinopec Bags Ranked No. 4 in "Fortune 500 List"

Jul 13, 2013

On July 8, Fortune Magazine published its list of the global top 500 companies for 2013. Sinopec ranked No. 4, the highest of any Chinese company on the list, with annual operating revenue of US$428.167 billion. This is the fifteenth ...

Tags: Sinopec, Fortune 500 List

Mexico's PMI Is Set to Export 1.4 Million Barrels of Fuel Oil in July

Jul 3, 2013

Mexico's PMI is set to export 1.4 million barrels of fuel oil in July from the country's Pacific Coast, a source familiar with the company's operations said Friday. The trading arm of state-owned oil and gas producer Pemex, PMI plans to ...

Tags: Fuel Oil, Chemicals

Saudi Arabian Customs Officials Have Foiled an Attempt to Smuggle 3.255 Million Kg

Mar 27, 2013

Saudi Arabian customs officials have foiled an attempt to smuggle 3.255 million kg (equivalent to 27,300 barrels) of refined oil products out of the eastern port of Dammam, capital of the kingdom's oil-rich Eastern Province, the official ...

Tags: Saudi Arabia, Foils, Oil Products

MOC Announces That During Last Week The Average Steel Price in China Decreased by 0.4%

Mar 6, 2013

China’s Ministry of Commerce (MOC) has announced that during last week (February 25-March 3) the average steel price in China decreased by 0.4 percent compared to the previous week. In particular, in the given week prices of 10 mm ...

Tags: steel price, steel, steel plate

The Government Placed a Cap at 61% of Total Requirements for The End of The Economic Plan

Jan 28, 2013

China's dependence on foreign crude oil and refined oil products is set to increase, but the government has placed a cap at 61% of total requirements for the end of the current five-year economic plan in 2015, according to a new government ...

Tags: China, crude oil, refined oil products, energy development

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