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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

China INE crude price extends losses after Saudi Aramco price cut

Guangzhou (JLC), December 9, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Monday, following Saudi Aramco’s cut in oil selling prices and and

12-09-2024 19:13:57

China INE crude price slips despite OPEC+ output cut extension

Guangzhou (JLC), December 6, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Friday, despite OPEC+’s decision to postpone the phase-out of its

12-06-2024 19:13:49

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

Sinopec cuts Shengli crude price for November

Guangzhou (JLC), November 26, 2024--Sinopec marked down its Shengli crude price for November 2024, following drops in international crude prices, according to refiner sources in Shandong.

11-26-2024 19:06:01

Chinese refiners cut fuel oil output in October

Guangzhou (JLC), November 18, 2024--Chinese refiners lowered their fuel oil output in October, due to tight quotas on low-sulfur fuel oil (LSFO) exports, also in tandem with a drop in their crude runs

11-18-2024 19:12:02

Chinese oil refiners cut October gasoline output to year’s lowest

Guangzhou (JLC), November 18, 2024--Chinese oil refiners cut their October gasoline production to the year's lowest, according to data from the National Bureau of Statistics (NBS).

11-18-2024 16:46:28

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's crude runs drop on year for seven consecutive months

Guangzhou (JLC), November 15, 2024--China's crude oil throughput dropped for seven months in a row on a year-on-year comparison as of October, mainly due to relatively weak domestic product demand.

11-15-2024 11:50:55

Chinese oil companies to cut clean refined product exports in November

Guangzhou (JLC), November 1, 2024--Chinese oil companies plan to cut their exports of clean oil products (gasoline, diesel and jet fuel) in November, due to multiple factors.

11-01-2024 15:54:57

Sinopec to cut its crude runs in Q4 2024

Guangzhou (JLC), October 29, 2024--Sinopec will cut its crude runs in the last quarter (Q4) of 2024, judged from its plan for the second half of 2024 and its throughput in Q3.

10-29-2024 18:54:57

Chinese refiners cut petroleum asphalt run rates in Jan-Sep 2024

Beijing (JLC), October 29, 2024—In the first nine months of 2024, the operating rate of Chinese asphalt units averaged 24%, down by nine percentage points year on year, JLC’s data showed.

10-29-2024 15:18:48

China INE crude price rallies after China cuts benchmark lending rates

Guangzhou (JLC), October 22, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Tuesday after China cut its market-based benchmark lending rates as p

10-22-2024 19:21:12

China cuts diesel exports to most markets in Jan-Sept

Guangzhou (JLC), October 21, 2024--Chinese oil companies reduced their diesel exports to most markets in the first nine months of 2024 when export margins were bad and China rationed its exports

10-21-2024 17:51:40

China cuts crude imports from major suppliers in September

Guangzhou (JLC), October 21, 2024--China reduced its crude imports from majors suppliers including Russia, Malaysia, Iraq, Angola and Brazil in September, according to data from the GACC.

10-21-2024 11:55:47

China INE crude price slips after OPEC cuts demand growth estimate

Guangzhou (JLC), October 15, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Tuesday after OPEC cut its global oil demand growth forecast. SC241

10-15-2024 18:29:07

Chinese airlines cut fuel surcharges to lowest since re-imposition

Guangzhou (JLC), October 12, 2024--Chinese airlines have cut their jet fuel surcharges on domestic flights to the lowest level since the country re-imposed the levy on February 5, 2024, following drop

10-12-2024 15:58:40

Chinese SOEs to cut October crude runs on more maintenance

Guangzhou (JLC), October 8, 2024--Chinese state-owned enterprises (SOEs) plan to cut their crude throughput in October, because of more refinery maintenance when supply is abundant.

10-08-2024 18:36:44

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

China to see year’s largest cut in fuel ceilings on Sept 21

Guangzhou (JLC), September 20, 2024--China will cut its retail ceilings of gasoline and diesel again on September 21, 2024 (Saturday), as crude prices have extended drops over the past 10 working day

09-20-2024 14:29:48

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