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China INE crude price edges up on brighter demand outlook

Guangzhou (JLC), January 17, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) edged higher on Monday, as the market is optimistic about the oil demand prospects.

01-17-2022 20:32:09

China INE crude climbs on brighter economic outlook

Guangzhou (JLC), November 9, 2021--The price of crude futures on China’s Shanghai International Energy Exchange (INE) extended gains Tuesday, as global economic outlook was brightened by the passage of a US infrastructure bill.

11-09-2021 19:03:55

Shenzhen Yantian Port acquires Brightoil Zhoushan

Beijing (JLC), June 25, 2021--Shenzhen Yantian Port Group has successfully acquired Brightoil’s petroleum reserve assets at Zhoushan port early this month, the local government said.

06-25-2021 11:48:12

INE crude stuck on bright demand outlook, stronger yuan

Guangzhou (JLC), June 11, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) kept range-bound on Friday, with support from optimistic demand outlook, but negative impact from the appreciation of Chinese yuan.

06-11-2021 19:18:02

China to see a bright oil products market next year

Beijing (JLC), December 16, 2020--The oil products demand in China would be better next year due to the recovering economy and the effects of the COVID-19 fading.

12-16-2020 11:35:16

China's bonded bunker to see a bright future

Beijing (JLC), November 28, 2019--China’s bonded bunker market is going to enjoy a bright outlook given the main growth driver of bunker fuel consumption in Zhoushan, JLC research shows.

11-28-2019 10:43:52

Brightoil may vanish from China bonded bunker market on debt woes

Beijing (JLC), April 22, 2019--News about the bankruptcy of Brightoil Petroleum’s founder has hit the headlines recently. The debt-ridden company is likely to vanish from China’s bonded bunker market, market sources said.

04-22-2019 14:34:55

Brightoil halts sales of oil carriers amid China's support policy on private enterprise

Brightoil Petroleum, once in financial difficulties, decided not to sell 15 oil carriers due to the growth of the crude oil market and the support of the state's bail-out policy for private enterprises.

11-28-2018 16:33:57

Bright highlights of China port industry to promote bunker oil market next year

In 2017, it is a year of turbulent but bright highlights for the port industry in our country: a record throughput, the opening of the fourth phase of the Shanghai Yangshan Deepwater Port, the continuous advancement of port services, the consolidation of the ports and so on.

12-26-2017 11:31:41

Brightoil Petroleum storage and transportation base project is to finish

Every morning began at about 9:00 a.m. in recent days, over 700 workers were busy in constructing Brightoil Petroleum storage and transportation base in Waidiao Island (0.99 sq.km), Cengang Street, Dinghai District.

08-22-2017 16:35:12

Teapots long for oil product export right under oversupply situation

As filling stations offered substantial discounts, profits of teapots were pressured. Private filling stations have become hotly contested spots therefore.

06-20-2017 17:40:09

Teapots achieved great results amid gaining rights of using and importing crude oil

From May 2015, the state liberalized the rights to use and import crude oil (Two import crude rights) gradually, up to now, a total of 22 teapots procured import crude of 79.95 million mt, among which Shandong province accounted for the biggest part of 18 teapots and 60.85 million.

05-24-2017 09:38:48

China DME market hard to brighten in the short term

The DME market is likely to track fluctuations in the methanol market, but its trend is also subject to the LPG market considering that the LPG-DME price spread is only CNY200-300/mt. Overall, China DME market is hard to pick up in the short run.

04-19-2017 17:49:18

Five more teapots apply for import rights of crude oil

03-06-2017 09:58:14

China 1st batch of oil products export quota; teapots export rights to an end

China's Ministry of Commerce issued the first batch of oil products export quota for processing trade in 2017, totaling 12.4 million mt, down by 40.76%.

12-30-2016 10:47:10

Iran had the upper hand in the battle of oil voice rights

Saudi Arabia was one of the most powers on voice rights among OPEC members and its crude oil output accounted for one third of OPEC's total production. However, Iran was mastering more and more voice rights.

09-28-2016 15:34:53

NDRC rigidly rechecked the crude import rights of teapots

JYD once report that the approval progresses of crude import right and use right slowed down, and related national departments rigidly rechecked the elimination on outdated capacity and construction on gas storage facilities and strengthened the supervision on product quality.

08-03-2016 14:57:30

NDRC: Haiyou Petchem acquired the usage right of import crude

NDRC replied the reports of SDDRC and commission about Haiyou Petchem applying for usage right of import crude. Haiyou Petchem was qualified to use import crude 3.2 million mt/yr, and its crude processing capacity was 3.5 million mt/yr.

04-21-2016 13:39:29

Qirun Chemical acquired the crude import right

On March 2nd, Department of Commerce of China claimed that Qirun Chemical was qualified for importing crude for non-stated trade, after Jingbo, Luqing, Huifeng and Tianhong acquiring the crude import right officially on February 29th.

03-04-2016 13:48:54

Shandong Zhonghai Jingxi Chemical applies for usage right of import crude

This week, NDRC published the applications on usage right of 1.968 million mt/yr import crude of Zhonghai Jingxi Chemical. SDDRC and commission jointly reported to NDRC for queuing.

02-25-2016 16:21:33

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