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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

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

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

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

China INE crude price extends losses after US oil rigs rise

Guangzhou (JLC), September 22, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Monday after an increase in the US oil rig count.

09-22-2025 17:59:02

China’s crude oil imports from Brazil surge 50.41% in August

Guangzhou (JLC), September 22, 2025--China's crude oil imports from Brazil surged 50.41% year on year to about 5.19 million mt in August 2025, according to data from the GACC.

09-22-2025 15:52:09

China INE crude price rallies after Ukrainian attack on Russian oil terminal

Guangzhou (JLC), September 15, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Monday after Ukraine attacked a key Russian oil terminal.

09-15-2025 19:29:53

CNOOC starts up another oilfield project

Guangzhou (JLC), September 8, 2025--State-owned China National Offshore Oil Corporation (CNOOC) has launched production at the Wenchang 16-2 oilfield development project, the company announced on its

09-08-2025 14:07:05

China's offshore heavy oil output from thermal recovery exceeds 5 mln mt

Guangzhou (JLC), September 2, 2025--China's cumulative output of offshore heavy oil thermal recovery has exceeded 5.00 million mt, becoming the world's first country to achieve large-scale thermal re

09-02-2025 18:45:43

CNOOC begins production at Kenli 10-2 oilfield (Phase I)

Guangzhou (JLC), July 23, 2025--State-owned China National Offshore Oil Corporation (CNOOC) announced on July 22 the commencement of production at Phase I of the Kenli 10-2 oilfield cluster developmen

07-23-2025 15:55:30

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