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China INE crude price slumps on prospect of more OPEC+ supply

Guangzhou (JLC), May 6, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) plunged on Tuesday amid the prospect of rising supply from OPEC+.

05-06-2025 18:49:35

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

Sinopec Tahe's refining-chemical project sees EIA publicity

Guangzhou (JLC), April 23, 2025--Sinopec Tahe Refining & Chemical's refining-chemical integration project saw the publicity of an environmental impact assessment (EIA) report.

04-23-2025 18:35:14

INE crude price tumbles on OPEC+ output hike, US tariff concerns

Guangzhou (JLC), April 7, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) plummeted Monday on the announcement of a larger-than-expected OPEC+ output increase

04-07-2025 18:39:03

Sinopec discovers over 140 mln mt of shale oil reserves

Guangzhou (JLC), March 26, 2025--Sinopec discovered over 140 million mt of shale oil reserves in the Xinxing Oilfield in the Shengli Jiyang Shale Oil National Demonstration Zone on March 22, with the

03-26-2025 19:04:44

China INE crude price climbs on OPEC+ compensatory output cuts

Guangzhou (JLC), March 21, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) increase on Friday after OPEC+ announced a plan for seven members to cut output.

03-21-2025 18:31:41

China INE crude price rises as worries over rising OPEC+ supply ease

Guangzhou (JLC), March 10, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Monday after Russia said OPEC+’s decision to increase output co

03-10-2025 18:57:51

China INE crude price drops on prospect of OPEC+ output rise

Guangzhou (JLC), March 4, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Tuesday as OPEC+ decided to start a gradual output increase as planne

03-04-2025 18:29:43

Sinopec cuts its refinery crude runs in 2024

Guangzhou (JLC), February 11, 2025--Sinopec processed 252.30 million mt of crude oil in 2024, down 2.03% from 2023, according to the company’s unaudited operational statistics for 2024.

02-11-2025 18:25:34

China INE crude slips after Trump pressures OPEC to cut prices

Guangzhou (JLC), January 24, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell on Friday, a day after Trump pressured OPEC to lower prices.

01-24-2025 18:31:35

Sinopec Hunan's operating rate hits 87.86% in 2024

Guangzhou (JLC), January 16, 2025--Sinopec Hunan Petrochemical operated its refinery at 87.86% of capacity in 2024, calculation shows.

01-16-2025 17:42:22

China INE crude price keeps rising on tighter OPEC supply

Guangzhou (JLC), January 8, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Wednesday following reports of lower production from OPEC and

01-08-2025 19:09:19

Sinopec replaces Luoyang Petrochemical with new subsidiary

Guangzhou (JLC), January 3, 2025 – Sinopec’s new subsidiary – Henan Refining & Chemical Co., Ltd. – officially began operation on January 1, 2025, replacing its predecessor Sinopec Luoyang.

01-03-2025 18:33:47

Sinopec raises Shengli crude price for December

Guangzhou (JLC), December 26, 2024--Sinopec marked up its Shengli crude price slightly for December 2024, following modest rises in international crude prices, according to refiner sources in Shandong

12-26-2024 17:36:35

China’s oil demand to peak around 2027: Sinopec

Guangzhou (JLC), December 23, 2024 – China's oil consumption is expected to peak around 2027, according to Sinopec’s China Energy Outlook 2060 (2025 version).

12-23-2024 18:37:05

Sinopec Qilu Petrochemical begins upgrading its refinery

Guangzhou (JLC), December 20, 2024 – Sinopec Qilu Petrochemical started to construct its upgrade project on December 19, Sinopec announced at a ceremony held in Zibo on Thursday.

12-20-2024 14:52:04

Sinopec and PetroChina to tally drops in 2024 crude runs

Guangzhou (JLC), December 17, 2024--Both Sinopec and PetroChina are expected to tally a drop in their crude throughput in 2024, as demand for some products, particularly diesel, has dropped.

12-17-2024 18:31:59

Sinopec to have more refinery maintenance in 2025

Guangzhou (JLC), December 16, 2024--Sinopec has scheduled more refinery turnarounds for 2025, while PetroChina will have less maintenance, according to their preliminary plans.

12-16-2024 18:16:12

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

China INE crude price stable ahead of OPEC+ meeting

Guangzhou (JLC), December 3, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) was stuck on Tuesday as investors took a wait-and-see approach ahead of the OPEC+

12-03-2024 18:29:11

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