Energy report, Chemical report,News & Commentary, Market Price, JLC database

U.S. to reimpose sanctions on Venezuelan oil

Guangzhou (JLC), January 31, 2024 – The United States will not renew the General License 44 – which temporarily allowed trading of Venezuelan oil and gas – when it expires on April 18, 2024.

01-31-2024 16:48:35

China to remove additional tariffs on U.S. goods

Beijing (JLC), February 18, 2020--Chinese importers can apply for the exemption of additional tariffs on some goods imported from the U.S. from March 2, according to an announcement released by the Customs Tariff Commission of the State Council on February 17.

02-18-2020 18:29:41

Solvent oil imports from U.S. fall on trade war, advanced tech

Beijing (JLC), September 11, 2019--China's solvent oil imports from the U.S. declined in July, due to the escalated Sino-U.S. trade war and also the improved production technology in China

09-11-2019 14:57:35

China resumes crude imports from U.S. in November

China received U.S. crude cargoes in the last week of November after nearly two months, and the buyer was China independent refinery Shandong Yuhuang Chemical, the market source said.

12-11-2018 17:54:01

Bunker oil gets upward impetus from Sino-U.S. trading

Shipping industry would see a lighter future after China and U.S. trading war ended on May 19, as water is the main mode for Sino-U.S. trading.

05-22-2018 16:43:56

JLC Views: China may accelerate oil reserves amid Sino-U.S. trade tensions

As the U.S. exports of crude oil to China increase, if the Sino-U.S. trade tensions increase, China may step up its efforts to reserve emergency crude oil, according to the International Energy Agency (IEA).

04-17-2018 15:37:38

China crude oil imports set a record; import from U.S. doubles

China crude oil imports set a record; import from U.S. doubles the previous month

03-13-2018 16:49:42

Oil price increase was limited as U.S. output climbed

The OPEC monthly report released on July 12th (Wednesday) confirmed the fact that OPEC crude output continued rising in June, but such bearish news for the market has been digested before in the foreign investigation result.

07-14-2017 17:24:59

U.S. EIA crude inventory decreased less than expected resulting in price falling 3%

EIA statistics on June 14th (Wednesday) showed that the U.S. EIA crude inventory slid almost 1.7 million barrels in the week of June 9th. As the decrease was less than expected, oil price slipped mildly after the statistics release.

06-15-2017 18:02:35

Why Trump intends to sell U.S. SPR?

In order to avoid the impact from oil price surging, the U.S. government has reserved nearly 700 million barrels oil. However, President Trump suggested selling half of U.S. Strategic Petroleum Reserve (SPR) for revenue last month, which agitated the energy market and tightened OPEC’s nerve.

06-14-2017 18:06:56

API: U.S. output declined & import climbed last week

API said on Tuesday (June 13th) that the U.S. crude oil inventory increased last week due to the refineries’ output declining and imports climbing. Gasoline inventory went up, but distillate inventory moved down.

06-14-2017 17:55:28

The U.S. inventory cut pushed crude oil price to edge up

On June 12th, the decrease in U.S. crude oil inventory stimulated some speculators to purchase crude oil at a low price. And the crude oil price edged up although the US dollar recovered and the worrying market news said that there was a large amount of crude oil for sale in Libya and Nigeria.

06-14-2017 08:52:18

U.S. SPR saw a sharp decline to the lowest level in over 11 years

On June 13th, according to Bloomberg, statistics of U.S. Department of Energy showed that U.S. strategic petroleum reserve (SPR) read 684.6 million barrels-685 million barrels last week.

06-13-2017 11:38:15

Trump planned to sell half of U.S. SPR and open Alaska protection area for oil

According to the announcement released by the White House on May 22nd (Monday), Trump government planned to sell half of U.S. Strategic Petroleum Reserve (SPR) and open Arctic National Wildlife Refuge (ANWR) in Alaska for oil exploiting.

05-25-2017 15:02:16

The number of active oil drills in U.S. increased to 720

The data issued by Baker Hughes from American Oil Company on May 19th displayed that up to the week of May 19th, the number of active oil drills in U.S. increased by 8 to 720 in the last 18 weeks.

05-23-2017 16:39:45

Crude futures price rose on the U.S. strong demand and Libyan output cut

On May 18th(Thursday),crude oil price edged up due to Libyan crude output cut caused by the recent oil field power failure. In addition, in last week, the US crude oil demand growth surpassed the stock increase, offering rigid support to price rise.

05-19-2017 15:46:35

Crude market got bullish on inventory and output cut as well as softer U.S. dollar

On May 17th, the crude oil market closed at upward trend. The EIA report showed that the U.S. crude and oil products inventories descended in last week and the U.S. crude oil output dropped after 12 weeks’ growth inspiring tycoons’ confidence to market.

05-19-2017 09:20:14

The U.S. output continued to pick up

Despite the weak USD and the U.S. crude oil and distillate oil stocks continuing to decline recently, the international crude oil futures market dropped after continuous rebounds.

04-26-2017 09:30:29

Shale oil output of U.S. was expected to grow

The data issued by EIA on April 18th (Monday) showed that shale oil output was expected to continue to grow and the high crude oil inventory of United States left insufficiently available storage space.

04-19-2017 16:58:31

The U.S. output may see a rise and Cushing inventory up; the oil closing price declined

On April 17th (Monday), EIA data showed that Cushing crude oil inventory hit a new record, and the U.S. crude oil output and active drilling wells of crude oil all maintained growth, triggering market concerns about the risk of inventory blocking.

04-18-2017 14:37:15

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