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China's daily crude oil imports drop in March, but still high

Guangzhou (JLC), April 14, 2026--China's daily crude oil imports fell both month-on-month and year-on-year in March 2026, according to the latest data from the GACC.

04-14-2026 16:34:07

Sinopec Shengli Oilfield CCUS project sequesters over 1.3 billion m3 of CO2

Guangzhou (JLC), March 30, 2026--The CCUS project operated by Sinopec Shengli Oilfield has sequestered more than 1.3 billion m3 of CO₂, signifying a substantial breakthrough in China's large-scale car

03-30-2026 19:15:49

China INE crude slips as US considers releasing sanctioned Iranian oil

Guangzhou (JLC), March 20, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday amid the prospect that the United States may bring the sanctione

03-20-2026 19:02:48

China INE crude soars amid potential Iranian attacks on oil facilities

Guangzhou (JLC), March 19, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) surged on Thursday after Iran issued a warning of possible attacks on oil facilities

03-19-2026 19:14:53

China INE crude retreats amid potential for further oil reserve release

Guangzhou (JLC), March 17, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Tuesday amid the prospect of a further release of oil reserves by the I

03-17-2026 18:44:09

China INE crude slumps amid potential IEA oil reserve release

Guangzhou (JLC), March 11, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) plummeted on Wednesday amid the possibility that the International Energy Agency (IE

03-11-2026 19:02:53

Caofeidian crude oil storage project sees new progress

Guangzhou (JLC), January 27, 2026--Recently, the construction of the Caofeidian crude oil storage and transportation project has made significant progress.

01-27-2026 18:16:09

CNOOC starts up Xijiang Oilfield Cluster block 24 development project

Guangzhou (JLC), December 23, 2025--China National Offshore Oil Corporation (CNOOC) announced the commissioning of the Xijiang Oilfield Cluster block 24 development project on December 22.

12-23-2025 14:36:53

China INE crude price slips on recovering supply from Iraqi oilfield

Guangzhou (JLC), December 9, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Tuesday following the resumption of output at a major Iraqi oilfield.

12-09-2025 18:32:43

China INE crude price ticks up on falling US oil rig count

Guangzhou (JLC), November 27--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged up on Thursday, after Baker Hughes reported a big drop in the US oil rig count.

11-27-2025 19:19:06

Changqing Oilfield records over 60 mln mt of oil and gas equivalent, sixth year in a row ‌

Guangzhou (JLC), November 27, 2025--The Changqing Oilfield has recorded over 60 million mt of oil and gas equivalent so far this year, the sixth consecutive year that the output hits the 60-million-m

11-27-2025 19:08:03

China's longest crude pipeline transmits over 200 mln mt of oil

Guangzhou (JLC), November 25, 2025--As of November 21, the Western Crude Oil Pipeline, China's longest pipeline of its kind, had transported over 200 million mt of crude oil.

11-25-2025 18:57:10

ZPC to expand Mamu crude oil storage in Zhoushan

Guangzhou (JLC), November 6, 2025--ZPC plans to expand its Mamu crude oil storage in Zhoushan City, according to an environmental impact assessment report.

11-06-2025 18:26:49

Jimsar produces 1.5 mln mt of shale oil in Jan-Oct

Beijing (JLC), November 3, 2025—The total output of the Jimsar Shale Oil Demonstration Zone in Jan-Oct surpassed 1.5 million (mln) mt, hitting a record high, CCTV News reported on Oct 29.

11-03-2025 13:22:30

CPP completes section 1 of Liaoning's Dayou Oil Pipeline Project

Guangzhou (JLC), October 29, 2025--On October 21, CPP No. 1 Construction Company held a handover ceremony for section one of the Liaoning's Dayou Oil Pipeline Project.

10-29-2025 18:48:34

Shunbei Field sees record highs in oil and gas output in Q1-Q3

Guangzhou (JLC), October 28, 2025--The Shunbei oil and gas field produced 982,200 mt of crude oil and 1.977 billion cubic meters of natural gas in the first three quarters (Q1-Q3) of this year, both

10-28-2025 16:55:29

Deepwater Liuhua Oilfield produces over 38 mln mt of crude oil

Guangzhou (JLC), October 15, 2025--China's first self-run deepwater oilfield group, Liuhua Oilfield Group, has produced more than 38 million mt of crude oil, China National Offshore Oil Corporation (

10-15-2025 18:41:43

PetroChina discovers 158 mln mt of new shale oil reserves in Daqing

Guangzhou (JLC), September 28, 2025--PetroChina has discovered 158.0 million mt of new shale oil reserves in the Gulong Shale Oil Field in Daqing, marking a breakthrough in the development of onshore

09-28-2025 18:54:09

China’s oil and gas output expands in August

Guangzhou (JLC), September 25, 2025--China’s output of crude oil accelerated, while natural gas output and electricity generation maintained steady growth.

09-25-2025 11:33:51

China INE crude rallies as resumption of Kurdish oil exports stalls

Guangzhou (JLC), September 24, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Wednesday after a deal to resume oil exports from Iraq’s Kurdistan

09-24-2025 19:17:16

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