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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

China’s gasoline prices inch higher, diesel prices basically stable

G?uangzhou (JLC), January 3, 2025--China’s wholesale gasoline prices inched higher in early 2025, boosted by rising international crude prices and relatively good demand, while diesel prices held basi

01-03-2025 18:17:59

China PBAT imports down, exports up in Nov

Shandong (JLC), December 25, 2024--In November, China's polybutylene adipate terephthalate (PBAT) imports showed a downtrend from October, while the exports posted a month-on-month growth.

12-25-2024 12:00:00

Sinopec Anqing begins supplying battery-grade petcoke

Guangzhou (JLC), December 17, 2024 – Sinopec Anqing Petrochemical on December 13 supplied the first batch of high-end petroleum coke (petcoke) designed for power battery production to its customers.

12-17-2024 17:20:48

China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

Another 100 bcm gas field added in Sichuan Basin

Beijing (JLC), November 25, 2024—Sinopec has discovered another gas field with proven reserves exceeding 100 billion cubic meters (bcm) in the Sichuan Basin, the company said on its official WeChat ac

11-25-2024 15:45:57

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

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

Sinopec Yuanba gas field produces over 35 bcm of natural gas

Shandong (JLC), November 5, 2024--Yuanba gas field, operated by the Sinopec Southwest China Petroleum Bureau, has produced more than 35 billion cubic meters (bcm) of natural gas.

11-05-2024 18:10:43

China releases 3rd-batch 2024 quotas on oil product exports

Guangzhou (JLC), September 20, 2024--China has released the third batch of 2024 quotas on the exports of clean oil products (gasoline, diesel and jet fuel), setting the quotas at 8.0 million mt.

09-20-2024 14:38:29

Coal-based methanol plants suffer losses in Sep

The coal-based methanol plants ran at a loss from the first half of September, due to the lower methanol price and higher coal cost.

09-19-2024 18:15:09

Coke-oven gas-based methanol units run rates go range-bound in early Sep

Shandong (JLC), September 18, 2024—The operating rate of China’s coke-oven gas-based methanol units went range-bound in early September.

09-18-2024 15:20:36

Dubai Mercantile Exchange Rebrands to Gulf Mercantile Exchange

The Dubai Mercantile Exchange (DME) is proud to announce its rebranding to the Gulf Mercantile Exchange (GME).

09-09-2024 14:35:47

Largest natural gas storage base in South China completed

Beijing (JLC), September 2, 2024--CNOOC completed the phase II project of its Zhuhai Jinwan LNG terminal on August 30, making it the largest natural gas storage base in South China, the company announ

09-02-2024 17:46:57

China PBAT exports reach new high on low prices

08-22-2024 15:12:39

PipeChina starts construction of Baise-Wenshan gas pipeline

Beijing (JLC), August 13, 2024--PipeChina started the construction of Guangxi LNG terminal natural gas outbound pipeline, a key energy infrastructure project under China’s 14th five-year plan.

08-13-2024 11:59:10

China PBAT imports down, exports up in June

Shandong (JLC), July 25, 2024--In June, China’s polybutylene adipate terephthalate (PBAT) imports showed a downtrend from May, while the exports posted a month-on-month growth.

07-25-2024 17:04:00

S&P Global and JLC join hands to strengthen customer services

Guangzhou (JLC), July 22, 2024 – Joerg Gerth, Vice President of Channel, S&P Global Commodity Insights, and Hailey Liang, Director of Asia Pacific Channel, S&P Global Commodity Insights, visited JLC.

07-22-2024 18:41:54

Largest gas storage base in Yulin makes progress

Beijing (JLC), July 15, 2024--Beijing Petrochemical Engineering Co., Ltd. completed roofs of two LNG tanks at the largest gas storage base in Yulin on July 14, the company said on its WeChat official

07-15-2024 17:49:01

Yuanba gas field produces 1.8 bcm of natural gas

Beijing (JLC), July 4, 2024—Sinopec Yuanba gas field produced over 1.8 billion cubic meters (bcm) of natural gas in the first half of 2024, a market source said.

07-04-2024 17:48:47

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