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China’s oil product exports drop 18.1% in first two months of 2025

Guangzhou (JLC), March 7, 2025--China's exports of oil products amounted to about 7.21 million mt in the first two months of 2025, a drop of 18.1% year on year, according to data from GACC.

03-07-2025 15:09:09

Chinese oil companies to boost gasoline exports in March

?Guangzhou (JLC), March 6, 2025--Chinese oil companies plan to boost their gasoline exports in March 2025 as domestic demand weakens after the Spring Festival travel rush.

03-06-2025 15:53:07

Bonan oilfield group produces over 1 mln mt of oil and gas in 39 days

Gu?angzhou (JLC), March 5, 2025--Bonan oilfield group, a 10-million-mt oil and gas production base in China, has produced over 1 million mt of oil and gas within 39 days in early 2025, showing a stron

03-05-2025 19:04:29

Domestic oil product output to drop in March, demand to diverge

Guangzhou (JLC), March 3, 2025--Chinese refiners are likely to cut their output of gasoline, diesel and jet fuel in March 2025, because of more refinery maintenance, while fuel demand diverges.

03-03-2025 16:49:20

PetroChina founds commercial oil reserve company, followed by CNOOC

Guangzhou (JLC), February 26, 2025--PetroChina established a commercial oil reserve company on February 11, while CNOOC followed suit on February 19, according to Tianyancha.

02-26-2025 19:05:37

China INE crude price extends losses after US oil rigs rise

Guangzhou (JLC), February 24, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Monday due to rising US oil rig count and the prospect of growing

02-24-2025 18:56:22

Fujinzheng pipeline sends nearly 1.5 mln mt of oil products

Guangzhou (JLC), February 21, 2025--The Fushun-Jinzhou-Zhengzhou oil product pipeline has transported nearly 1.50 million mt of oil products so far since it was put into operation.

02-21-2025 18:53:36

Chinese oil companies to keep largely stable exports of clean oil products in February

Guangzhou (JLC), February 14, 2025--Chinese oil companies plan to keep their exports of clean oil products (gasoline, diesel and jet fuel) largely stable in February 2025.

02-14-2025 17:09:41

China INE crude price rises further after Russian oil supply dips

Guangzhou (JLC), February 11, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) climbed further on Tuesday, following reports that Russian crude oil production f

02-11-2025 19:12:19

CNOOC starts production at mega metamorphic rock oilfield

Guangzhou (JLC), February 8, 2025--State-owned China National Offshore Oil Corporation (CNOOC) on Friday commenced production at the first phase of the Bozhong 26-6 oilfield, by far the largest metamo

02-08-2025 16:25:04

Maoming Petrochemical puts China’s longest fuel oil pipeline into use

G?uangzhou (JLC), January 23, 2025--Sinopec Maoming Petrochemical delivered low-sulfur heavy bunker fuel out of its refinery through its Bohe-Maoming fuel oil pipeline on January 11, 2025, putting the

01-23-2025 18:52:04

China’s fuel oil output plunges by 18.4% in 2024

Guangzhou (JLC), January 21, 2025--China’s fuel oil output plunged by 18.4% year on year in 2024, reversing a yearly increase of 4.9% in 2023, according to the data from the National Bureau of Statist

01-21-2025 18:14:30

Russia becomes largest fuel oil supplier to China in 2024

Guangzhou (JLC), January 20, 2025--Russia became the largest fuel oil supplier to China in 2024, up from the second place in 2023, according to data from the General Administration of Customs of the P

01-20-2025 18:18:19

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

CNOOC brings another oilfield development project on stream

Guangzhou (JLC), January 8, 2025--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Panyu 11-2 oilfield/Panyu 10-1 oilfield/Panyu 10-2 oilfiel

01-08-2025 14:48:39

China INE crude price rises further after US oil rigs dip

Guangzhou (JLC), January 6, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Monday following a dip in the US oil rig count and stronger-th

01-06-2025 18:49:03

PetroChina Fuel Oil (Guangzhou) completes first bunkering of blended LSFO

Gua?ngzhou (JLC), December 31, 2024--PetroChina Fuel Oil (Guangzhou) Co., Ltd. successfully completed its first bonded bunkering of blended low-sulfur fuel oil (LSFO) at the Nansha Grain and General C

12-31-2024 18:51:10

China to hike customs duties on imported fuel oil in 2025

Guangzhou (JLC), December 30, 2024--China will hike the temporary customs duties on imported fuel oil to 3% in 2025, up from 1%, according to a notice released by a State Council committee.

12-30-2024 18:07:41

China's apparent fuel oil consumption slips on year in November

Guangzhou (JLC), December 24, 2024--China's apparent consumption of fuel oil dived in November on a year-on-year basis, largely due to lower output.

12-24-2024 18:53:50

China boosts fuel oil imports from Russia in November

Guangzhou (JLC), December 24, 2024--China increased its fuel oil imports from Russia in November, in contrast to a cut in the imports from Malaysia, according to the data from the General Administrati

12-24-2024 18:36:00

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