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China INE crude price drops on possible Saudi oil price cut

Guangzhou (JLC), March 31, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined further on Monday amid expectations that Saudi Arabia may slash crude price

03-31-2025 19:04:30

PetroChina to cut its crude runs in 2025

Guangzhou (JLC), March 31, 2025--PetroChina plans to cut its crude runs in 2025 when the company continues to push forward with its transition and upgrade in the refining sector.

03-31-2025 14:19:47

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

Chinese SOEs to cut March crude runs on refinery maintenance

Guangzhou (JLC), March 4, 2025--Chinese state-owned enterprises (SOEs) plan to cut their crude throughput in March 2025, when several Sinopec refineries come under maintenance.

03-04-2025 16:39:02

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

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 extends losses after Saudi Aramco price cut

Guangzhou (JLC), December 9, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Monday, following Saudi Aramco’s cut in oil selling prices and and

12-09-2024 19:13:57

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

Changqing Oilfield hits milestone for fifth consecutive year

Guangzhou (JLC), November 29, 2024--The year-to-date oil and gas output at Changqing Oilfield – China’s largest oil-and-gas field – has exceeded 60 million mt of oil equivalent.

11-29-2024 18:40:56

Sinopec cuts Shengli crude price for November

Guangzhou (JLC), November 26, 2024--Sinopec marked down its Shengli crude price for November 2024, following drops in international crude prices, according to refiner sources in Shandong.

11-26-2024 19:06:01

China's crude runs drop on year for seven consecutive months

Guangzhou (JLC), November 15, 2024--China's crude oil throughput dropped for seven months in a row on a year-on-year comparison as of October, mainly due to relatively weak domestic product demand.

11-15-2024 11:50:55

Sinopec to cut its crude runs in Q4 2024

Guangzhou (JLC), October 29, 2024--Sinopec will cut its crude runs in the last quarter (Q4) of 2024, judged from its plan for the second half of 2024 and its throughput in Q3.

10-29-2024 18:54:57

China INE crude price rallies after China cuts benchmark lending rates

Guangzhou (JLC), October 22, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Tuesday after China cut its market-based benchmark lending rates as p

10-22-2024 19:21:12

China cuts crude imports from major suppliers in September

Guangzhou (JLC), October 21, 2024--China reduced its crude imports from majors suppliers including Russia, Malaysia, Iraq, Angola and Brazil in September, according to data from the GACC.

10-21-2024 11:55:47

China INE crude price slips after OPEC cuts demand growth estimate

Guangzhou (JLC), October 15, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Tuesday after OPEC cut its global oil demand growth forecast. SC241

10-15-2024 18:29:07

Chinese oil companies to cut LSFO output amid short quotas in Q4

Guangzhou (JLC), September 24, 2024--Chinese oil companies, mainly state-owned enterprises, will cut their production of low-sulfur fuel oil in the last quarter (Q4) of 2024 because of short quotas.

09-24-2024 18:10:11

China INE crude price rises on prospect of Fed rate cut

Guangzhou (JLC), September 18, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased on Wednesday, due to the prospect of a Fed rate cut and lingering supp

09-18-2024 19:20:39

China INE crude slips further after OPEC cuts demand forecast

Guangzhou (JLC), September 11, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to fall on Wednesday after OPEC revised down its global demand growth

09-11-2024 18:12:12

China cuts crude imports from major suppliers in July 2024

Guangzhou (JLC), August 20, 2024--China cut its crude imports from major suppliers in July 2024 when the former’s imports hit a 21-month low, according to data from the GACC.

08-20-2024 14:35:15

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