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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

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

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

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 retreats on prospect of 2025 oil glut

Guangzhou (JLC), December 20, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday amid expectations of an oversupply in 2025.

12-20-2024 17:51:11

CNOOC starts operation at Jinzhou 23-2 oilfield project

Guangzhou (JLC), December 5, 2024--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Jinzhou 23-2 oilfield development project on December 3.

12-05-2024 18:57:55

Sinopec begins building commercial oil reserve project in Dongying

Guangzhou (JLC), December 2, 2024 – Sinopec Shengli Oilfield Company on November 29 began the construction of a large-scale commercial oil reserve facility in Dongying.

12-02-2024 18:45:05

Changqing Oilfield hits milestone for fifth consecutive year

Guangzhou (JLC), November 29, 2024--The year-to-date oil and gas output at Changqing Oilfield – China’s largest oil-and-gas field – has exceeded 60 million mt of oil equivalent.

11-29-2024 18:40:56

China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

China INE crude price extends gains on optimism over China’s oil demand

Guangzhou (JLC), October 23, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Wednesday, supported by renewed optimism about China’s oil de

10-23-2024 19:01:59

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

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

Yanchang Petroleum to build 1.0 million cbm oil depot

Guangzhou (JLC), September 2, 2024--Shaanxi Yanchang Petroleum Group planned to construct a crude oil depot with a storage capacity of 1.0 million cubic meters (cbm), according to China Chemical Indus

09-02-2024 16:30:10

China INE crude price rallies after Libya’s oil production plunges

Guangzhou (JLC), August 30, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday due to a plunge in Libya’s oil production and an upgrade in the

08-30-2024 18:29:08

China INE crude price mounts on shutdown of Libyan oil fields

Guangzhou (JLC), August 27, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rose further on Tuesday, following the shutdown of Libyan oil fields.

08-27-2024 19:26:13

China INE crude price edges down after US oil rig count rises

Guangzhou (JLC), July 29, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) dropped further on Monday due to an increase in the US oil rig count, but was limited

07-29-2024 18:47:02

Output of Suizhong 36-1 oilfield hits 100 million mt

Beijing (JLC), June 25, 2024--Crude output of Suizhong 36-1 oilfield, the largest self-run offshore oilfield in China, has exceeded 100 million mt, its operator CNOOC said on June 23.

06-25-2024 11:40:12

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