Crude Oil

China’s Daily Crude Imports Reach Record High in April

China’s Daily Crude Imports Reach Record High in April

China’s daily average crude oil imports reached a record high of 1.3 million tons, or about 9.7 million barrels, last month, driven by growing oil demand in the country.

May 16, 2018
Liao Shumin
Shanghai Crude Oil Futures Has 15 Contracts, With Margin 7% of Contract Value

Shanghai Crude Oil Futures Has 15 Contracts, With Margin 7% of Contract Value

As the crude oil futures listing date looms Shanghai International Energy Exchange Co. published specifics of the listing and trading…

Mar 13, 2018
Xu Wei
World's First Deep-Sea Dynamic Positioning Oil Barge Begins Sea Trial

World's First Deep-Sea Dynamic Positioning Oil Barge Begins Sea Trial

SeaLoader 1, the world’s first deep-sea dynamic position oil barge, departed Qidong, Jiangsu province on Jan. 12 for a 10-day sea trial.

Jan 15, 2018
Yicai Global
PetroChina Discovers High-Output Natural Gas Source in Western China

PetroChina Discovers High-Output Natural Gas Source in Western China

A China National Petroleum Corp. unit has made a major oil and gas breakthrough at the Qaidam Basin in West China, state-run China News Service reported.

Dec 14, 2017
Tang Shihua
Rosneft to Supply 60 Million Tons of Crude Oil to CEFC China Over Five-Year Period

Rosneft to Supply 60 Million Tons of Crude Oil to CEFC China Over Five-Year Period

Russia’s largest oil producer Rosneft OAO [MCX:ROSN;LSE:ROSN] will supply 60.8 million tons of crude oil to Chinese private energy giant…

Nov 21, 2017
Xu Wei
PetroChina’s Net Profits Soar Ten-Fold Over First Nine Months

PetroChina’s Net Profits Soar Ten-Fold Over First Nine Months

Net profit in the first three quarters at Chinese energy giant PetroChina Co. [SHA:601857;HKG:0857;NYSE:PTR] grew more than ten-fold on the…

Oct 31, 2017
Dou Shicong