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China INE crude price retreats on concerns over US tariff impact

Guangzhou (JLC), March 11, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Tuesday amid growing worries about the impact of new US tariffs.

03-11-2025 18:36:32

Daxie Petrochemical to commission expansion project by year-end

Guangzhou (JLC), December 13, 2024--CNOOC Ningbo Daxie Petrochemical is preparing to commission its upgrading and expansion project by the end of this year, following the completion and handover of a

12-13-2024 18:41:45

Crude stocks at Shandong ports extend rises over past week

Guangzhou (JLC), December 12, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports extended rises in the week to December 12, as unloading outpaced outbound delivery.

12-12-2024 17:08:53

Shandong independents' run rates largely stable over past week

Guangzhou (JLC), November 20, 2024--Shandong independent refiners' operating rates became largely steady in the week to November 20, JLC's data shows.

11-20-2024 18:14:52

Crude stocks at Shandong ports rebound as unloading outpaces delivery

Guangzhou (JLC), November 7, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rallied in the week to November 7 as cargo unloading outpaced delivery.

11-07-2024 20:03:18

INE crude price rises after China announces stimulus package

Guangzhou (JLC), September 25, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased on Wednesday after China announced a package of stimulus measures.

09-25-2024 17:14:11

Chinese oil companies to cut LSFO output amid short quotas in Q4

Guangzhou (JLC), September 24, 2024--Chinese oil companies, mainly state-owned enterprises, will cut their production of low-sulfur fuel oil in the last quarter (Q4) of 2024 because of short quotas.

09-24-2024 18:10:11

Chinese companies win ten bids to develop Iraq oil and gas

Beijing (JLC), May 15, 2024---Chinese companies won ten bids to explore Iraq oil and gas in the energy bidding ended on May 13, a market source said.

05-15-2024 17:47:22

Independents unload more imported crude oil in past weeks

Guangz?hou (JLC), January 26, 2024--Shandong-based independent refiners and traders have sped up their unloading of imported crude oil so far this month, as they had increased purchases amid expectati

01-26-2024 16:58:32

Sinopec Hainan Refining & Chemical runs at full capacity in 2023

Guangzhou (JLC), January 10, 2024--Sinopec Hainan Refining and Chemical ran its refinery at full capacity in 2023 and was shifting more focus on chemical production for better profit margins.

01-10-2024 18:43:30

State-owned refineries run at 81.02% of capacity

Beijing (JLC), January 24, 2024--Chinese state-owned oil refineries ran at 81.02% of their crude distillation unit (CDU) in the week to January 3 (Wednesday), JLC's data indicates.

01-04-2024 18:14:32

Shandong independents run at 61.7% of capacity at beginning of January

Guangzhou (JLC), January 4, 2024--Shandong independent refiners ran at 61.7% of their crude distillation unit (CDU) capacity in the week ending January 3, 2024 (Wednesday), JLC’s data shows.

01-04-2024 16:58:37

Independents’ diluted bitumen imports drop over past weeks

Guan?gzhou (JLC), December 29, 2023--Shandong-based independent refiners and traders’ diluted bitumen imports have decreased over the past few weeks of this month, mainly because of a relatively high

12-29-2023 15:16:51

Independents’ feedstock imports increase over past weeks

Guan?gzhou (JLC), December 22, 2023--Shandong-based independent refiners and traders have seen more feedstock arrivals over the past few weeks, due to a relatively low base a month earlier, but the im

12-22-2023 14:03:20

China INE crude price rise slows on limited impact of Red Sea tensions

Guangzhou (JLC), December 20, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Wednesday amid geopolitical tensions near the Red Sea, but t

12-20-2023 17:55:30

Independents’ crude oil imports plunge in past weeks

Guangzhou (JLC), November 24, 2023--Shandong-based independent refiners and traders have witnessed a plunge in their crude oil imports over the past few weeks, due to tigh?t import quotas.

11-24-2023 10:39:45

Sinopec Qilu plans major expansion, including new CDU

Guangzhou (JLC), November 9, 2023 – Sinopec Qilu Petrochemical, located in Shandong’s Zibo, planned to upgrade and expand its existing oil refinery, according to the Environmental Impact Assessment.

11-09-2023 16:19:32

Refining capacity set to reach the brink of guidelines’ ceiling in 2024-2025

Guangzhou (JLC), October 30, 2023 – China is set to move closer to the refining capacity ceiling set by the government, as a total of 740,000 barrels per day of new capacity will come online by 2025.

10-30-2023 19:03:55

Independents’ feedstock imports surge in past weeks

Guangzhou (JLC), October 20, 2023--Shandong-based independents have seen a surge in feedstock arrivals so far this month, as they increased purchases several months ago when domestic oil product deman

10-20-2023 14:24:46

Shandong independents’ run rates largely stable over past week

Guangzhou (JLC), October 11, 2023--Shandong independent refiners kept their operating rates largely stable in the week to October 11 (Wednesday), JLC’s data shows.

10-11-2023 19:02:15

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