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Crude stocks at Shandong ports rise as consumption slows down

Guangzhou (JLC), June 12, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports grew in the week ending June 12, as local independent refiners’ consumption slowed down further.

06-12-2025 18:24:00

INE crude price up as optimism about China-U.S. trade talks grows

Guangzhou (JLC), June 10, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday, lifted by hopes for progress in China-U.S. trade talks.

06-10-2025 18:55:03

China's May crude imports drop as demand weakens

Guangzhou (JLC), June 9, 2025--China's crude imports dropped to an average level in May 2025, as demand weakened amid peak refinery maintenance.

06-09-2025 16:16:24

INE crude price up on easing worries over China-U.S. trade tensions

Guangzhou (JLC), June 6, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday, as concerns over China-U.S. trade tensions eased after a phone ca

06-06-2025 18:52:37

Shandong independents’ feedstock unloading decreases in May

Guangzhou (JLC), June 6, 2025--Shandong-based independent refiners’ feedstock unloading continued to decrease in May, as their demand slipped amid more unit maintenance.

06-06-2025 17:27:27

China INE crude price down as Trump’s tariffs remain in effect

Guangzhou (JLC), May 30, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday after a U.S. appeals court reinstated Trump’s tariffs.

05-30-2025 18:56:43

China INE crude price rallies as Trump extends EU tariff deadline

Guangzhou (JLC), May 26, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Monday following U.S. President Donald Trump’s decision to delay the 50%

05-26-2025 18:52:09

ZPC pushes ahead with crude oil terminals and storage base project

Guangzhou (JLC), May 26, 2025--Zhejiang Petroleum and Chemical (ZPC) Jintan Logistics Co. is pushing ahead with its crude oil terminals and storage base in Zhoushan, according to official reports.

05-26-2025 18:06:56

China INE crude price up as prospects of US-Iran nuclear deal weakens

Guangzhou (JLC), May 20, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) climbed on Tuesday as the United States and Iran are still disputing the “red line” of

05-20-2025 18:57:15

Chinese refineries slash April crude runs on maintenance

Guangzhou (JLC), May 19, 2025--Chinese refineries processed much less crude oil in April 2025 when they entered peak maintenance.

05-19-2025 11:28:11

Independents’ crude refining margins surge as costs plunge

Guangzhou (JLC), May 7, 2025--Shandong-based independents saw a surge in their crude refining margins in early May, thanks to a plunge in crude costs, despite a decline in sales revenue.

05-07-2025 18:44:41

INE crude price rallies as China to ease monetary policy

Guangzhou (JLC), May 7, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Wednesday after China announced a package of monetary policy measures to b

05-07-2025 18:35:21

China INE crude price extends losses as tariff-related worries persist

Guangzhou (JLC), April 30, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) decreased further on Wednesday after the US consumer confidence plummeted in April a

04-30-2025 16:48:48

Liaodong Bay’s oil and gas output sets record high in Q1

Guangzhou (JLC), April 29, 2025--Oilfields in Liaodong Bay of the Bohai Sea produced over 3.20 million mt of oil and gas in the first quarter of this year, hitting a historical high, CNOOC reported o

04-29-2025 15:34:27

INE crude price slips as OPEC+ may accelerates output increases

Guangzhou (JLC), April 24, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated Thursday on news that OPEC+ is considering an acceleration in output incre

04-24-2025 19:09:10

Crude stocks at Shandong ports drop further as unloading slows down

Guangzhou (JLC), April 24, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports continued to fall in the week to April 24, as cargo unloading has lately slowed down.

04-24-2025 18:29:41

Independents’ crude refining margins soar again as costs decrease

Guangzhou (JLC), April 17, 2025--Shandong-based independents’ crude refining margins soared again in the middle of April, bolstered by a further plunge in crude costs.

04-17-2025 11:39:37

China INE crude price dips after IEA cuts demand growth forecast

Guangzhou (JLC), April 16, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged down on Wednesday after the International Energy Agency (IEA) downgraded its o

04-16-2025 18:51:14

Bohai Oilfield’s oil and gas output hits all-time high in Q1 2025

Guangzhou (JLC), April 15, 2025--CNOOC’s Bohai Oilfield produced over 10 million mt of oil and gas in the first quarter (Q1) of this year, the highest level in about sixty years of the oilfield’s deve

04-15-2025 17:28:06

Independents’ crude refining margins surge as costs tumble

Guangzhou (JLC), April 9, 2025--Shandong-based independents’ crude refining margins surged in the week to April 9, due to a slump in crude costs, despite a decline in their sales revenue.

04-09-2025 18:57:19

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