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China's largest SAF project comes under construction

Guangzhou (JLC), October 11, 2024--China’s largest sustainable aviation fuel (SAF) project, with a production capacity of 600,000 mt/yr, came under construction in Henan province on October 8.

10-11-2024 18:36:51

China INE crude price rallies on risk of wider Middle East conflict

Guangzhou (JLC), August 1, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Thursday as the assassination of Hamas and Hezbollah leaders sparked fe

08-01-2024 18:02:16

CNOOC starts building China's largest underground commercial oil storage

Guangzhou (JLC), December 12, 2023 – CNOOC began constructing China’s largest underground commercial oil storage facility on December 9, the state-owned oil and gas giant said on December 11.

12-12-2023 17:44:42

China INE crude price stable after underwhelming OPEC+ cuts

Guangzhou (JLC), December 1, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) was roughly stable on Friday.

12-01-2023 19:11:56

China completes main structure of Asia’s first cylinder-shaped FPSO

Guangzhou (JLC), August 17, 2023 – The main structure of Asia’s first cylinder-shaped floating production storage and offloading (FPSO) facility was completed in Qingdao, Shandong province.

08-17-2023 19:02:22

Shandong independents' run rates rise moderately

Guangzhou (JLC), June 28, 2023--Shandong-based independent refiners' operating rates rose moderately in the week to June 28, as a refinery stepped up its crude runs gradually after coming back online.

06-28-2023 18:36:59

China to raise fuel ceilings moderately on June 29

Guangzhou (JLC), June 28, 2023--China will raise the price ceilings of gasoline and diesel moderately on June 29, 2023, as international crude prices have lately rebounded amid supply concerns.

06-28-2023 11:31:45

LPG safety comes under the spotlight after blast kills 31

Guangzhou (JLC), June 25, 2023 – Thirty-one people died and seven others were injured after an explosion caused by the leakage of an LPG cylinder in a restaurant on Wednesday night in Yinchuan.

06-25-2023 16:20:35

Liaohe Petchem provides asphalt for Dalian Bay Undersea Tunnel

Guangzhou (JLC), March 22, 2023--PetroChina Liaohe Petchem had shipped 800 mt of its "Kunlun Huanxiling" asphalt to Dalian up until Mar 16, for the construction of the Dalian Bay Undersea Tunnel.

03-22-2023 17:52:56

China INE crude price edges up after China reopens borders

Guangzhou (JLC), January 9, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) rallied slightly on Monday, as China’s fuel demand outlook improved following a reo

01-09-2023 19:16:13

Sinopec Jingmen Petrochemical undergoing biggest turnaround since establishment

Guangzhou (JLC), November 8, 2022--Sinopec Jingmen Petrochemical in Hubei province is carrying out the biggest refinery turnaround since the establishment of the refinery 52 years ago.

11-08-2022 17:23:47

China INE crude price extends gains on OPEC+’s underproduction

Guangzhou (JLC), July 11, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) climbed further Monday on OPEC+’s underproduction, but was capped by demand concerns.

07-11-2022 18:56:47

China INE crude price slips after Biden proposes suspending federal gas tax

Guangzhou (JLC), June 23, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated on Thursday, amid downward pressure from the US President Biden’s proposal

06-23-2022 18:49:59

Shandong independents' refining margins stay negative under cost pressure

Guangzhou (JLC), Jun 15, 2022--Shandong-based independent refiners’ refining margins were still negative on high costs this week when crude prices recorded another uptick due to supply concerns.

06-15-2022 20:00:38

China INE crude price dips as OPEC considers removing Russia from OPEC+

Guangzhou (JLC), Jun 1, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated slightly Wednesday, following reports that some OEPC members were discussing

06-01-2022 19:03:33

China to see wider retail-wholesale spread for gasoline, diesel

China’s retail-wholesale price spread for gasoline and diesel is likely to widen further in the second half of May due to rising retail prices but relatively weak wholesale prices.

05-17-2022 19:01:00

China to keep refining capacity under 20 mln bbl/day by 2025

Guangzhou (JLC), November 9, 2021--China aims for a crude oil refining capacity of no more than 1.0 bln mt/yr (20 mln barrels per day) by 2025, according to a recent document released by the State Council.

11-09-2021 18:02:27

China INE crude rises on concerns of a colder winter

Guangzhou (JLC), October 26, 2021--The price of crude futures on China’s Shanghai International Energy Exchange (INE) continued to climb Tuesday amid concerns of a colder winter in Asia, but the price change was relatively small ahead of OPEC+ meeting next month.

10-26-2021 19:06:06

Shandong independents cut runs under power rationing

Beijing (JLC), September 26, 2021--Independent refiners in East China’s Shandong have cut their crude runs recently under power restrictions and environmental protection checks.

09-26-2021 16:44:15

Sinopec adds first hydrogen refueling station with underground well

Beijing (JLC), August 24, 2021--China’s Sinopec announced Monday the completion of the construction of its first hydrogen refueling station in southwestern Chongqing city, also the first station with underground storage well in China.

08-24-2021 16:47:14

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