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China INE crude price rallies on breakdown of Gaza truce talks

Guangzhou (JLC), May 10, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday after the talks on a truce in the Gaza Strip broke down.

05-10-2024 19:04:08

Feedstock unloading for Shandong independents rally in February

Guangzhou (JLC), March 8, 2024 – Feedstock unloading for Shandong independents rallied in February, as local independent refiners boosted purchase after the release of this year’s crude quotas.

03-08-2024 15:34:59

Shandong independents' February run rates fall for fifth month straight

Guangzhou (JLC), March 5, 2024--Shandong-based independent refiners' operating rates dropped for a fifth consecutive month in February, mainly because of rising costs and declining margins.

03-05-2024 16:34:06

State-owned refineries' run rates rise in February

Guangzhou (JLC), March 5, 2024--Chinese state-owned oil companies raised their refinery operating rates in February on account of robust gasoline and jet fuel consumption.

03-05-2024 16:32:55

Sinopec and PetroChina continue to raise crude runs in February

Guangzhou (JLC), March 5, 2024--Sinopec and PetroChina continued to lift their crude throughput in February in view of growing gasoline and jet fuel demand.

03-05-2024 16:31:42

State-owned refinery run rates stabilize in late February

Beijing (JLC), February 29, 2024--Chinese state-owned oil refineries' run rates were steady in the week to February 28, 2024 (Wednesday), JLC’s data shows.

02-29-2024 17:50:33

China's deepest oil well set to break through 10,000 meters

Guangzhou (JLC), February 19, 2024 – The drilling of Shendi Take-1, an exploration well with a designed depth of unprecedented 11,100 meters, was about to break through 10,000 meters.

02-19-2024 18:54:41

Independents’ feedstock demand to increase in February

Guangzhou (JLC), February 2, 2024--Shandong-based independent refiners’ feedstock demand is likely to increase in February, as domestic gasoline and jet fuel demand will be boosted by record traffic.

02-02-2024 18:53:33

PetroChina Dushanzi brings forward its overhaul schedule in 2024

Guangzhou (JLC), December 1, 2023 – PetroChina Dushanzi Petrochemical (200,000 b/d) in Xinjiang Uygur Autonomous Region has decided to move its overhaul schedule up to May 15, 2024, the company said.

12-01-2023 18:27:49

Refining capacity set to reach the brink of guidelines’ ceiling in 2024-2025

Guangzhou (JLC), October 30, 2023 – China is set to move closer to the refining capacity ceiling set by the government, as a total of 740,000 barrels per day of new capacity will come online by 2025.

10-30-2023 19:03:55

CNOOC brings two more oilfield projects on stream

Guangzhou (JLC), September 26, 2023--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at Lufeng 12-3 Oilfield Development Project and Bozhong 28-2 S

09-26-2023 15:07:41

CNOOC celebrates 20th anniversary of Liuhua oilfield cluster

Beijing (JLC), August 16, 2023--CNOOC celebrated the 20th anniversary of the Liuhua oilfield on July 31, a source from the company said.

08-16-2023 18:02:17

PetroChina delivers WTI Midland in Brent’s market for first time

Guangzhou (JLC), July 21, 2023 – An oil tanker carrying 100,000 mt of WTI Midland crude left the Seabrook Port in the U.S. after finishing loading, embarking on a journey to Europe on July 12.

07-21-2023 18:50:13

Sinopec Anqing brings online its new RFCC unit

Guangzhou (JLC), July 5, 2023 – Sinopec Anqing Petrochemical has brought online its new residue fluid catalytic cracking (RFCC) unit and achieved on-spec products on June 30.

07-05-2023 16:15:24

Shandong independents’ crude imports drop further in February

Guangzhou (JLC), March 9, 2023--Shandong-based independents’ crude imports dropped further in February, as downstream oil product consumption had not fully recovered and certain ports which suffered

03-09-2023 19:15:24

PetroChina and Sinopec boost February crude runs on growing fuel demand

Guangzhou (JLC), March 6, 2023—Sinopec and PetroChina raised their crude runs in February 2022, in view of recovering domestic fuel demand and bright market prospects.

03-06-2023 11:28:20

Shandong independents’ run rates still rise in February

Guangzhou (JLC), March 3, 2023--Shandong-based independent refiners’ operating rates continued to rise in February, still supported by recovering fuel demand and better refining margins.

03-03-2023 16:54:34

State-owned refiners raise February run rates on recovering demand

Guangzhou (JLC), March 3, 2023--Chinese state-owned oil companies raised their refinery operating rates in February 2022 when domestic fuel demand was recovering and market prospects brightened.

03-03-2023 14:11:17

State-owned oil refineries maintain steady run rates in late February

Guangzhou (JLC), February 24, 2023--State-owned oil companies continued to operate their refineries at 83.07% of capacity on average in the week to February 22 (Wednesday), JLC's data shows.

02-24-2023 15:56:05

China to hike crude imports in February

Guangzhou (JLC), February 23, 2023--Chinese refiners are projected to boost their crude imports sharply in February, because of growing consumption from newly-built refining units and a recovery in fu

02-23-2023 18:03:10

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