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China INE crude price remains elevated

Guangzhou (JLC), January 14, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday, still supported by the latest round of US sanctions

01-14-2025 18:50:01

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's crude runs drop on year for seven consecutive months

Guangzhou (JLC), November 15, 2024--China's crude oil throughput dropped for seven months in a row on a year-on-year comparison as of October, mainly due to relatively weak domestic product demand.

11-15-2024 11:50:55

CNOOC starts up China’s first deepwater oilfield secondary development project

Guangzhou (JLC), September 25, 2024--State-owned China National Offshore Oil Corporation (CNOOC) brought in China’s first deepwater oilfield secondary development project in the waters of the Pearl Ri

09-25-2024 16:12:02

Sinopec revises down its crude throughput plan for 2024

Guangzhou (JLC), August 27, 2024--Sinopec has revised down its crude throughput plan for 2024, which can be ascribed to relatively weak demand for diesel.

08-27-2024 15:43:06

China INE crude price rallies after IEA revises up demand forecast

Guangzhou (JLC), January 19, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded Friday after the International Energy Agency (IEA) forecast stronger gro

01-19-2024 18:19:36

China INE crude price rallies after IEA revises up oil demand forecast

Guangzhou (JLC), December 15, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday, supported by an upgrade in global oil demand growth forecast

12-15-2023 19:32:30

Independents’ crude refining margins drop for seven weeks in a row

Gu?angzhou (JLC), November 1, 2023--Shandong-based independents’ crude refining margins continued to fall in the week to November 1, the seventh week in a row, as product prices lost more ground than

11-01-2023 18:00:46

Diluted bitumen imports return to normal level

Guangzhou (JLC), August 29, 2023 – China’s diluted bitumen imports rose to 1.38 million mt in July, up 28% from June, according to data from the General Administration of Customs of the PRC (GACC).

08-29-2023 18:55:59

Review of major events in China oil market in 2022 (2)

China cut the quotas on non-state crude imports for 2022, as demand weakened amid constant outbreaks of COVID-19 in China.

12-26-2022 15:48:41

Shenghong achieves mass production at new refinery

Guangzhou (JLC), December 6, 2022--Shenghong Group has achieved mass production at its new refining-chemical complex in east China’s Jiangsu province lately, according to industry sources.

12-06-2022 18:55:51

Independents’ refining margins slump as sales revenue dives

Guangzhou (JLC), December 1, 2022--Shandong-based independents’ refining margins for domestic crude plummeted into negative territory this week, the first time since mid-August, mainly owing to a size

12-01-2022 12:03:46

Shandong independents’ run rates drop for seven weeks in a row

?Guangzhou (JLC), November 30, 2022-Shandong-based independent refiners’ run rates extended drops in the week to November 30, marking declines in seven consecutive weeks.

11-30-2022 18:49:53

Shandong independents’ run rates rebound after seven weeks of drops

Guangzhou (JLC), September 7, 2022--Shandong-based independent refiners’ run rates rebounded in early September, putting an end to seven weeks of drops.

09-07-2022 19:04:22

Shandong independents’ run rates drop for seven weeks in a row

Guangzhou (JLC), August 31, 2022--Shandong-based independent refiners’ run rates have declined for seven weeks in a row, because of tax-related inspections.

08-31-2022 18:04:49

China INE crude price dips on optimism for Iran nuclear deal revival

Guangzhou (JLC), August 23, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) edged lower on Tuesday on increasing possibility of a revival of Iran nuclear deal.

08-23-2022 19:31:05

Shandong independents’ run rates rise to normal level in July

Guangzhou (JLC), August 3, 2022--Shandong-based independent refiners’ operating rates climbed to the normal level in July, because of the unit restart at Haike Ruilin Chemical and recovering productio

08-03-2022 18:44:16

China INE crude price eases on potential revival of Iran nuclear deal

Guangzhou (JLC), February 8, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated on Tuesday on signals that the US and Iran may revive a nuclear deal, bu

02-08-2022 19:07:48

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