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China to cut fuel ceilings on April 22, first time in 2026

Guangzhou (JLC), April 21, 2026--China will slash its retail ceilings of gasoline and diesel on April 22, 2026 (Wednesday), the first time this year, as international crude prices have retreated over

04-21-2026 18:44:49

China INE crude price grows further, fourth time straight

Guangzhou (JLC), January 14, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) rose for the fourth consecutive trading day on Wednesday due to geopolitical risk

01-14-2026 19:10:41

Sinopec imports Agogo crude from Angola for first time

Guangzhou (JLC), October 23, 2025--UNIPEC, acting as an agent for Sinopec Maoming Petrochemical, imported the Agogo crude from Angola for the first time, Sinopec reported.

10-23-2025 16:12:45

China INE crude price stable amid wait-and-see sentiment

Guangzhou (JLC), October 20--The price of crude futures on China's Shanghai International Energy Exchange (INE) didn’t change much on Monday amid wait-and-see sentiment on the back of uncertainty abou

10-20-2025 18:30:48

China INE crude price stabilizes amid wait-and-see sentiment

Guangzhou (JLC), October 14--The price of crude futures on China's Shanghai International Energy Exchange (INE) was largely stable on Tuesday as investors took an wait-and-see approach amid uncertaint

10-14-2025 19:42:08

Fujian imports crude from East Timor for the first time

Guangzhou (JLC), August 25, 2025--Fujian Province recently imported crude oil from East Timor for the first time, according to China News Service.

08-25-2025 15:31:08

Bohai Oilfield’s oil and gas output hits all-time high in Q1 2025

Guangzhou (JLC), April 15, 2025--CNOOC’s Bohai Oilfield produced over 10 million mt of oil and gas in the first quarter (Q1) of this year, the highest level in about sixty years of the oilfield’s deve

04-15-2025 17:28:06

DES Shandong premiums for ESPO turn positive, first time in 2024

Guangzhou (JLC), September 24, 2024--The DES Shandong premiums for Russian ESPO Blend began to rise in mid-to-late August and turned positive on September 23, which could mainly be ascribed to increa

09-24-2024 18:24:00

China INE crude price edges down on growing wait-and-see sentiment

Guangzhou (JLC), September 10, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell slightly on Tuesday amid growing wait-and-see sentiment.

09-10-2024 18:59:53

State-owned refineries' June run rates fall for third time in a row

Guangzhou (JLC), July 4, 2024--Chinese state-owned oil companies cut their refinery operating rates for the third straight month in June, as they remained under sales pressure.

07-04-2024 15:44:13

Tarim Oilfield sees shortest drilling time for 8,000-meter well in China

Guangzhou (JLC), May 29, 2024--PetroChina Tarim Oilfield completed the drilling of the Fuyuan 304-H2 well in the 8,322-meter underground layer in 89 days, setting a record for the shortest drilling ti

05-30-2024 17:08:31

Sinopec and PetroChina raise crude runs in March, third time in a row

Guangzhou (JLC), April 9, 2024--Sinopec and PetroChina increased their crude throughput for a third consecutive month in March.

04-09-2024 11:15:12

China INE crude price range-bound on wait-and-see sentiment

Guangzhou (JLC), February 6, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) was little moved on Tuesday, as market participants took a wait-and-see attitude a

02-06-2024 18:51:11

China’s 2023 crude throughput hits all-time high

Guangzhou (JLC), January 17, 2024 – China’s 2023 crude throughput rebounded to a record high, as domestic demand picked up after the country lifted COVID-related restrictions.

01-17-2024 17:11:56

China INE crude price falls amid wait-and-see sentiment

Guangzhou (JLC), January 16, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined on Tuesday amid a wait-and-see sentiment.

01-16-2024 18:52:43

China INE crude price retreats on wait-and-see sentiment

Guangzhou (JLC), November 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) came down on Tuesday when market participants were awaiting the OPEC+ meeting.

11-28-2023 18:47:53

China INE crude price stable on wait-and-see sentiment

Guangzhou (JLC), September 12, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) was largely stable on Tuesday as investors were on the sidelines ahead of the re

09-12-2023 19:22:51

China INE crude price rises for fifth time straight on rosy US economic data

Guangzhou (JLC), July 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) climbed again on Friday as fears of a global recession were eased by better-than-expe

07-28-2023 19:18:17

China INE crude price rises again, fourth time in a row

Guangzhou (JLC), July 27, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) inched higher on Thursday, the fourth time in a row, after China’s industrial profit

07-27-2023 19:48:17

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

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