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China INE crude rallies on prospect of rising fuel demand for heating

Guangzhou (JLC), January 10, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged up on Friday as freezing conditions in parts of the US and Europe are expect

01-10-2025 18:51:45

China INE crude price retreats after US fuel stocks jump

Guangzhou (JLC), January 9, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday following a bigger-than-expected rise in the US fuel stockpil

01-09-2025 18:56:29

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 INE crude price rallies on US fuel demand optimism

Guangzhou (JLC), July 2, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Tuesday amid expectations of robust fuel demand in the US.

07-02-2024 18:19:15

China INE crude price slips on US fuel demand concerns

Guangzhou (JLC), May 31, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined on Friday amid fears for the US fuel demand and economy.

05-31-2024 19:01:45

China INE crude price slips on signs of weak US fuel demand

Guangzhou (JLC), May 22, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined on Wednesday amid signals of weak US fuel demand ahead of the Memorial Day ho

05-22-2024 18:12:41

China to raise fuel ceilings again on April 17

Guangzhou (JLC), April 16, 2024--China will raise its retail ceilings of gasoline and diesel on April 17, 2024 (Wednesday), after a price hike in early April, as international crude prices continued t

04-16-2024 15:25:02

China's fuel consumption extends drops in December

Guangzhou (JLC), January 11, 2024--China's gasoline and diesel consumption fell again in December 2023 amid falling temperatures.

01-11-2024 18:56:36

Sinopec and PetroChina cut December crude runs on dim fuel demand

Guangzhou (JLC), January 8, 2024--Sinopec and PetroChina both reduced their crude runs in December, as domestic fuel demand remained muted.

01-08-2024 17:19:23

Chinese refiners cut November crude runs on less fuel demand

Guangzhou (JLC), December 15, 2023--Chinese refiners reduced their crude runs further in November as fuel demand weakened and they faced the constraint of quota on fuel exports and bad export margins.

12-15-2023 11:31:42

SOEs to cut December crude runs on less fuel demand

Guangzhou (JLC), December 14, 2023--State-owned enterprises plan to cut their crude throughput in December 2023 as fuel demand tends to weaken in an offseason, despite less refinery maintenance.

12-14-2023 14:41:12

Sinopec and PetroChina reduce November crude runs as fuel demand weakens

Guangzhou (JLC), December 1, 2023--Sinopec and PetroChina both cut their crude runs in November, as fuel demand shrank and export quotas were tight.

12-01-2023 18:44:22

Shandong independents’ run rates down on less fuel demand, bad margins

?Guangzhou (JLC), November 1, 2023--Shandong independent refiners lowered their operating rates again in the week to November 1, due to shrinking fuel demand, bad refining margins and tight quota on c

11-01-2023 18:18:09

China INE crude price slips again after Russia eases fuel export ban

Guangzhou (JLC), September 26, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Tuesday after Russia eased its temporary ban on fuel exports.

09-26-2023 18:36:51

China's jet fuel imports plunge as domestic output soars

Guangzhou (JLC), June 25, 2023--China slashed its jet fuel imports in the first five months of 2023 when domestic production soared.

06-25-2023 13:52:54

Shandong independents boost fuel oil imports in April

G?uangzhou (JLC), April 28, 2023--Shandong-based independent refiners and traders sharply boosted their imports of fuel oil intended as feedstock in April, because of relatively tight crude import quo

04-28-2023 16:58:48

PetroChina and Sinopec boost February crude runs on growing fuel demand

Guangzhou (JLC), March 6, 2023—Sinopec and PetroChina raised their crude runs in February 2022, in view of recovering domestic fuel demand and bright market prospects.

03-06-2023 11:28:20

Sinopec and PetroChina cut December crude runs on weak fuel demand

Guangzhou (JLC), January 1, 2023--Sinopec and PetroChina cut their crude runs in December 2022, due to weak domestic fuel demand, despite large oil product exports.

01-01-2023 15:48:49

PetroChina cuts October crude runs on weak fuel demand

Guangzhou (JLC), November 3, 2022--PetroChina processed less crude in October, as fuel demand was hit further by tightening virus-related restrictions.

11-03-2022 14:52:26

Shandong independents’ run rates slip on weak fuel demand

Guangzhou (JLC), November 2, 2022--Shandong-based independent refiners’ run rates slipped further in the week to November 2 when fuel demand was hit more significantly by tightening restrictions.

11-02-2022 19:16:11

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