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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

China's Crude Oil Output Sees Sharp Drop

Sep 20, 2016

China's crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of Statistics showed Monday. Imports, on ...

Tags: crude oil, oil prices

Alfa Laval to Supply Equipments to Russian Vegitable Oil Plant

Jun 12, 2016

Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply a solution encompassing various pieces of equipment to a vegetable oil plant in Russia. The order, booked in the ...

Tags: Alfa Laval, Vegitable Oil Plant

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

2014 Business Review VII: New Achievements Made on Combating IPR Infringement and Counterfeiting Work

Oct 23, 2015

In 2014, the National Combating IPR infringement and Counterfeiting Office (hereinafter referred to as “the Office”) strengthened overall coordination, organized specific campaigns on IPR infringement and counterfeiting ...

Tags: Combating IPR infringement, IPR protection

Prices of Farm Produce Fall while those of Means of Production Rise Slightly

Oct 22, 2015

According to the monitoring by MOFCOM, the prices of major farm produce in 36 large and medium-sized cities continued falling while those of means of production picked up slightly last week (March 2-March 8). The average price of 18 ...

Tags: farm produce, vegetables, diesel oil

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

China January Inflation Decreases to 0.8%

Feb 10, 2015

China's consumer price index, a main gauge of inflation, grew 0.8 percent year on year in January, the slowest rise in more than five years, the National Bureau of Statistics announced Tuesday. Food prices, which account for nearly ...

Tags: consumer price index, CPI

China's Goods Imports Decreased Sharply in Jan

Feb 9, 2015

Prices of raw materials such as iron ore, coal, crude oil and refined oil have been hitting record low prices on the global market, but import volumes into China. Although the trade balance has continued to be in excess of exports over ...

Tags: Commodity Imports, raw materials

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

The Benefit to The Environment of Recycling Oil Is Massive

Dec 10, 2013

When it comes down to it, clean water may be the most precious resource on the plant. All life forms depend on water for their very survival and, as a human being, you can only go about three days without drinking water before dehydration ...

Tags: oil, oil recycling, pollution

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

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