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Shanxi to build 8-mln-cbm crude oil storage base

Guangzhou (JLC), June 1, 2026--On May 26, LONGWAY entered into a contract with Shanxi Daliangshan Storage and Transportation, to provide whole-process engineering consulting services for the Xiangyuan

06-01-2026 18:56:32

China INE crude price bounces back

Guangzhou (JLC), March 23, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Monday amid the prospect of further escalation in US-Israeli strikes on

03-23-2026 19:19:18

Crude stocks at Shandong ports bounce back

Guangzhou (JLC), January 29, 2026--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded in the week ending January 29, when cargo unloading outpaced outbound delivery.

01-29-2026 19:17:14

China INE crude price bounces back

Guangzhou (JLC), November 12--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Wednesday due to the impact of fresh US sanctions on Russian oil.

11-12-2025 18:49:20

Sinopec Qingdao procures first-batch of Gindungo crude

Guangzhou (JLC), October 23, 2025--Sinopec Qingdao Refining & Chemical completed its first import of Angolan Gindungo crude recently, Sinopec reported on its official news website on October 23.

10-23-2025 17:31:20

Sinopec discovers first shale oil field in Sichuan Basin

Guangzhou (JLC), August 4, 2025--Sinopec has recently discovered geological reserves of about 20.10 million mt of oil and 12.35 billion cubic meters of natural gas in the Fuxing Oilfield in the Sichu

08-04-2025 18:27:09

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

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

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

Shandong independents' run rates drop on bad margins

Guangzhou (JLC), February 28, 2024--Shandong independent refiners lowered their operating rates in late February, because of bad refining margins and relatively weak fuel demand.

02-28-2024 17:55:44

Trafigura and SPG inaugurate Shandong-based JV

Guangzhou (JLC), November 16, 2023 – Global trading giant Trafigura and Shandong Port Group (SPG) inaugurated their joint venture (JV) in Qingdao, Shandong province on November 15.

11-16-2023 17:17:01

Shandong independents’ run rates down on less fuel demand, bad margins

Guangzhou (JLC), November 1, 2023--Shandong independent refiners lowered their operating rates again in the week to November 1, due to shrinking fuel demand, bad refining margins and tight quota on c

11-01-2023 18:18:09

China releases fourth batch of crude import quotas for 2023

Guangzhou (JLC), October 7, 2023--China has released this year's fourth batch of quotas on non-state crude oil imports, permitting 9.54 mln mt of imports, according to official sources.

10-07-2023 15:47:58

China INE crude price slips again after Russia eases fuel export ban

Guangzhou (JLC), September 26, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Tuesday after Russia eased its temporary ban on fuel exports.

09-26-2023 18:36:51

China issues another batch of crude quotas for 2023

Guangzhou (JLC), June 14, 2023--China has issued this year’s third batch of quotas on non-state crude imports for 2023, granting quotas on 62.28 mln mt of crude imports.

06-14-2023 11:43:16

Shandong-based independents’ refining margins still plunge in early Apr

Guangzhou (JLC), April 7, 2023--Shandong-based independents’ refining margins for imported crude continued to plunge in early April when import costs surged sharply.

04-07-2023 10:48:43

Shandong-based independents’ refining margins plunge in late Mar

Guangzhou (JLC), March 29, 2023--Shandong-based independents’ refining margins for imported crude fell back from the previous high in late March, as import costs increased and downstream product pric

03-29-2023 19:04:44

China INE crude price rallies on easing banking fears

Guangzhou (JLC), March 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded sharply on Tuesday, because of easing concerns over a banking crisis and a

03-28-2023 18:47:06

Shandong-based independents’ refining margins drop on higher costs

Guangzhou (JLC), March 9, 2023--Shandong-based independents’ refining margins for both imported and domestic crude rolled back this week, mainly due to cost inflation.

03-09-2023 11:57:40

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