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Xinjiang and Sichuan top China’s oil and gas reserves in 2022 respectively

Guangzhou (JLC), August 1, 2023 -- China’s total oil reserves (not including shale oil and oil sands) stood at roughly 3.8 billion mt in 2022.

08-01-2023 18:06:44

China INE crude price edges up on warning against misusing oil reserves

Guangzhou (JLC), October 26, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) inched higher on Wednesday, after Saudi Arabia warned about some countries’ misuse

10-26-2022 19:07:20

China INE crude price plummets after IEA agrees to release oil reserves

Guangzhou (JLC), April 7, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) plunged Thursday, after the International Energy Agency (IEA) announced a huge oil re

04-07-2022 18:53:36

China may release another batch of crude reserves soon

Guangzhou (JLC), November 23, 2021--China may release a second batch of crude reserves in the near term, in view of high crude and bulk commodity prices, according to market sources.

11-23-2021 20:59:58

China to release gasoline, diesel reserves to ease tightness

Beijing (JLC), November 2, 2021--China will unleash gasoline and diesel reserves to mitigate domestic supply tightness, the National Food and Strategic Reserves Administration said on October 31.

11-02-2021 13:30:57

China to release another batch of crude reserves

Guangzhou (JLC), September 24, 2021--China will release a second batch of crude reserves in the near term, after an auction for the first batch took place on September 24, according to market sources.

09-24-2021 15:00:48

China to release crude reserves by auction on Sept 24

Beijing (JLC), September 15, 2021--China is going to release the first batch of crude from bonded tankers, 7,383,616.78 bbl (about one mln mt)

09-15-2021 17:12:55

INE crude dips on China’s plan to release crude reserves

Guangzhou (JLC), September 10, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) edged down on Friday, after China announced a plan to release crude from reserves.

09-10-2021 18:59:29

China to release crude reserves to relieve cost pressure

Beijing (JLC), September 10, 2021--China is going to release crude stocks in the reserves in batches to deal with increasing cost of feedstocks for domestic enterprises, the State Bureau of Grain and Material Reserves reported on its website on September 9th.

09-10-2021 09:44:48

INE crude soars as China plans to buy oil for reserves

The price of crude futures on the Shanghai International Energy Exchange (INE) surged on Thursday as China is said to be preparing to buy crude for its strategic reserves.

04-02-2020 17:36:43

Yanchang Petroleum adds 117 mln mt of oil to reserves in 2019

Beijing (JLC), November 14, 2019--Shaanxi Yanchang Petroleum said recently it has added 117 million mt of proved oil to its geological reserves in 2019.

11-14-2019 16:42:36

China adds 959 million mt of proven crude reserves in 2018

Beijing (JLC), July 17, 2019--China had added 956 million mt of proven crude geological reserves in 2018, up 9.4% year on year, domestic media reported, citing a source from the Ministry of Natural Resources (MNR).

07-17-2019 17:26:10

Qinghai Oilfield to explore 25 mln mt of oil and gas reserves in 2019

Beijing (JLC), February 15, 2019--Qinghai Oilfield planned to explore 25 million mt of oil and gas reserves in 2019, China National Petroleum Corporation’s subsidy PetroChina Qinghai Oilfield Company said on February 12.

02-15-2019 19:39:26

JLC Views: China may accelerate oil reserves amid Sino-U.S. trade tensions

As the U.S. exports of crude oil to China increase, if the Sino-U.S. trade tensions increase, China may step up its efforts to reserve emergency crude oil, according to the International Energy Agency (IEA).

04-17-2018 15:37:38

Dekun Energy's 2 mln cbm crude oil reserves

03-17-2017 10:58:15

China crude import rises amid output drop for strategic crude reserves

The London-headquartered Energy Aspects said, in January-September, China independent refineries increased the refining activity and the crude oil imports.

10-14-2016 11:49:12

China raised strategic crude reserves by 22% in H2 2015

According to the National Statistical Bureau of China, China's strategic crude oil reserves soared by 22.5% in the second half of 2015, from 26.1 Mt (190 mbl) to 31.97 Mt (233 mbl), i.e. about 33 days of net oil imports.

09-12-2016 08:51:18

Exxon Mobil found large reserves Oilfield in Guyana

US oil giant Exxon Mobil Corp recently announced that large oil reserves were founded in waters near Guyana.

07-13-2016 16:49:22

US oil reserves surpass those of Saudi Arabia and Russia

The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study.

07-06-2016 11:09:20

China released formal estimate of strategic petroleum reserves for the first time

The National Bureau of Statistics said on November 20 that the first stage in building its strategic reserves has been completed, with the crude oil reserves up to 12.43 million mt, about 91 million barrels at the four bases.

12-05-2014 08:19:49

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