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SZ China Refining Monthly Report-Nov’2011
[Thursday, Nov. 24, 2011] PRINT EMAIL FAV PDF
Editorial:

Three Giants’ Growth Steady In 3Q; Different Performance Of Three Plate
 
In the third quarter of 2011, China three oil giants maintain steady growth. The main reason of it is thanks to high global oil price and high demand.
 
But if you look at the performance of the upstream, middle stream and downstream sectors, development trend is not the same. Upstream as exploration and development sector is still three majors profit point. Oil refining and chemical sector are experienced varying loss. And downstream market’s profit is good for the China oil price changes and market factors like supply and demand.
 
Upstream
 
The production is increase stability. Main is due to the old exploration project production stability and new project start production.
 
Middle stream
 
Refining loss is hard to change. China’s oil refining industry lost 1.84 billion yuan ($289 million) from January to August, the National Development and Reform Commission said.
 
Downstream
 
Rigid requirement promote the oil products sales. Due to the May price change by NDRC, the market became high speculate psychologically. So in September, China oil demand is still very high enthusiasm.
 
Index:
 
 
Please see ’’www.SZEnergy.biz’’ for more detailed information about China oil, gas & petrochemical industry.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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