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Sinopec revises down its crude throughput plan for 2024

Guangzhou (JLC), August 27, 2024--Sinopec has revised down its crude throughput plan for 2024, which can be ascribed to relatively weak demand for diesel.

08-27-2024 15:43:06

China INE crude rallies on improving US demand outlook

Guangzhou (JLC), May 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded slightly on Tuesday as prospects for the US fuel demand improved.

05-14-2024 19:13:33

Shandong independents' run rates edge up on improving gasoline demand

Guangzhou (JLC), April 3, 2024--Shandong independent refiners’ operating rates rebounded slightly in the week to April 3, as some refiners raised their crude throughput mildly due to improving gasolin

04-03-2024 18:52:19

Sinopec’s crude throughput grows 6.29% in 2023: unaudited preview

Guangzhou (JLC), March 6, 2024 – Sinopec processed more crude oil in 2023 than in the previous year, with production of gasoline, diesel, kerosene and light chemical feedstock all growing.

03-06-2024 18:50:02

China discovers major oilfield in Henan province

Guangzhou (JLC), January 30, 2024 – China has recently discovered a major oilfield in the Sanmenxia Basin of Henan province, with an estimated oil reserve of 107 million mt.

01-30-2024 18:12:59

China INE crude price rallies after IEA revises up demand forecast

Guangzhou (JLC), January 19, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded Friday after the International Energy Agency (IEA) forecast stronger gro

01-19-2024 18:19:36

China INE crude price rallies on improving Chinese economy

Guangzhou (JLC), January 17, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) recouped some losses on Wednesday after data showed an improvement in China’s econ

01-17-2024 19:17:53

China INE crude price rises further on suspended shipments via Red Sea

Guangzhou (JLC), December 19, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday, after more firms suspended shipments through the Re

12-19-2023 18:56:57

China INE crude price rallies after IEA revises up oil demand forecast

Guangzhou (JLC), December 15, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday, supported by an upgrade in global oil demand growth forecast

12-15-2023 19:32:30

Overseas investors of crude futures exempted from individual income tax

Guangzhou (JLC), September 6, 2023--Overseas individual investors can now enjoy an exemption from individual income tax on the income obtained from investing in Chinese domestic crude oil futures.

09-06-2023 15:55:13

Guangdong Petrochemical receives over 10 mln mt of crude via terminal

Guangzhou (JLC), July 19, 2023--PetroChina Guangdong Petrochemical had received 41 crude tankers and unloaded a total of 10.13 mln mt of crude via its crude terminal by July 11.

07-19-2023 16:50:19

Shandong independents raise run rates on improving sales

Guangzhou (JLC), February 8, 2023--Shandong-based independent refiners raised their run rates further in early February, as their sales improved amid recovering fuel demand.

02-08-2023 19:20:02

Review of major events in China oil market in 2022 (2)

China cut the quotas on non-state crude imports for 2022, as demand weakened amid constant outbreaks of COVID-19 in China.

12-26-2022 15:48:41

INE crude price rallies after China eases virus-related restrictions

Guangzhou (JLC), November 14, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) rebounded slightly Monday, as oil demand outlook improved on China’s announcement

11-14-2022 19:06:09

China INE crude price dips on optimism for Iran nuclear deal revival

Guangzhou (JLC), August 23, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) edged lower on Tuesday on increasing possibility of a revival of Iran nuclear deal.

08-23-2022 19:31:05

China INE crude price dips as OPEC considers removing Russia from OPEC+

Guangzhou (JLC), Jun 1, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated slightly Wednesday, following reports that some OEPC members were discussing

06-01-2022 19:03:33

China INE crude price rallies on improving outlook for US oil demand

Guangzhou (JLC), May 23, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) bounced back Monday, as the US oil demand is expected to grow because of the approachi

05-23-2022 18:43:01

Shandong independents’ run rates rebound on improving sales

Guangzhou (JLC), April 20, 2022--Shandong-based independent refiners raised their operating rates this week, as their sales started to improve after the local government brought the virus under contro

04-20-2022 19:04:15

China's crude runs slip on environment inspections in early 2022

Guangzhou (JLC), March 15, 2022--China's crude throughput slipped in the first two months of 2022 when independent refiners cut their production sharply amid strengthening environment protection aroun

03-15-2022 15:02:18

China INE crude price eases on potential revival of Iran nuclear deal

Guangzhou (JLC), February 8, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated on Tuesday on signals that the US and Iran may revive a nuclear deal, bu

02-08-2022 19:07:48

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