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China INE crude price climbs on OPEC+ compensatory output cuts

Guangzhou (JLC), March 21, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) increase on Friday after OPEC+ announced a plan for seven members to cut output.

03-21-2025 18:31:41

Additional tariffs may dampen China's imports of US crude

Guangzhou (JLC), February 6, 2025--China's imposition of additional tariffs on crude oil from the US may dampen its imports from the latter.

02-06-2025 14:14:32

Domestic diesel demand dampened by various factors

Guangzhou (JLC), May 16, 2024 – China’s diesel demand took a hit due to multiple factors such as faster development of alternative fuels, the government’s environmental inspections in some provinces.

05-16-2024 18:16:49

China INE crude price inches up before impending OPEC+ meeting

Guangzhou (JLC), November 30, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended small gains on Thursday in advance of the approaching OPEC+ meeting.

11-30-2023 19:17:06

LNG more competitive than LPG in early August

Beijing (JLC), August 16, 2023--The spread between China’s LPG and LNG prices widened in early August, making LNG more competitive.

08-16-2023 13:39:45

China’s alkylate market stays weak, lacking upward impetus

The domestic alkylate market has been under pressure from both costs and demand, with prices trending downward and alkylation units at refineries experiencing poor operating rates.

07-18-2022 10:43:33

China issues guideline on deepening reform of eco-compensation mechanism

Guangzhou (JLC), September 13, 2021 -- China has released a guideline on deepening the reform of the country's ecological compensation mechanism to speed up the building of ecological civilization, according to the Xinhua News Agency.

09-13-2021 18:42:01

Proposed consumption tax on LCO could dampen imports

Beijing (JLC), March 10, 2021--The consumption tax on light cycle oil (LCO) proposed at China’s Two Sessions earlier this month could dampen the country’s LCO imports, as the blendstock would be deprived of its price advantage by the tax.

03-10-2021 10:35:02

Proposed consumption tax on mixed aromatics could dampen imports

The consumption tax on mixed aromatics proposed at China's Two Sessions earlier this month could dampen the country’s mixed aromatics imports, as the blendstock would be deprived of its price advantage by the tax.

03-08-2021 17:22:30

Lockdown in Shijiazhuang dampens local oil demand

Shijiazhuang city in north China's Hebei has attracted a lot of attention from the country this month, because of the biggest resurgence of the coronavirus in China since April 2020, and the lockdown has dampened local oil product demand.

01-11-2021 18:07:08

Bonded bunker fuel sales in Zhoushan grow further on competitive prices

China’s bonded bunker fuel sales at Zhoushan port climbed further 2020, due to increasingly competitive prices amid favorable government policies, despite negative impact from COVID-19.

08-17-2020 17:54:17

China's bonded bunker fuel sales drop on fading competitiveness

China's bonded bunker fuel sales fell in June as bunker fuel prices in China became less competitive compared with those in Singapore.

07-16-2020 19:40:18

China sees a fierce competition in gas station market

Beijing (JLC), November 18, 2019--China gas station market is filled with multiple parties due to rich profits, such as state-owned ones, private ones, foreign ones, causing fierce competitions.

11-18-2019 17:12:23

Refined product sector more competitive

Beijing (JLC), July 17, 2019--The refined product sector in China is becoming increasingly competitive because of startups of large refining-chemical complexes and fast-growing new energy.

07-17-2019 10:56:58

Oil product prices decline amid intensified competitions

Both state-owned and independent refiners reduced wholesale prices of gasoline and diesel as the supply became more sufficient.

06-13-2019 15:57:58

Imported aromatics market is dampened amid bearish factors

Imported aromatics market was hard to pick up mainly due to the new regulation of refined product consumption tax and weak crude market.

06-27-2018 12:32:57

Bunker oil gets upward impetus from Sino-U.S. trading

Shipping industry would see a lighter future after China and U.S. trading war ended on May 19, as water is the main mode for Sino-U.S. trading.

05-22-2018 16:43:56

Lower temperature to drag Northwest China LPG market

Lower temperature in early January affected Northwest China LPG market greatly.

01-24-2018 09:37:06

Shale oil price slumped after surging and bunker oil market moved sideways

Shale oil bidding price has always been an important indicator for heavy bunker oil market. In the last shale oil bidding on November 3rd, the weighted average price of the successful bid surged by CNY1,421/mt to CNY4,376/mt, which astonished the market.

11-20-2017 17:12:57

Coal market remained sluggish with the temperature cooling down

In July, traders restocked positively driven up by bullish expectations. In August, traders had great intentions to sell with the end of peak season. In addition, downstream users were reluctant to purchase, leading to coal price decline. As of August 3oth,

08-30-2017 17:44:11

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