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China INE crude price retreats on prospect of 2025 oil glut

Guangzhou (JLC), December 20, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday amid expectations of an oversupply in 2025.

12-20-2024 17:51:11

CNOOC starts operation at Jinzhou 23-2 oilfield project

Guangzhou (JLC), December 5, 2024--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Jinzhou 23-2 oilfield development project on December 3.

12-05-2024 18:57:55

Sinopec begins building commercial oil reserve project in Dongying

Guangzhou (JLC), December 2, 2024 – Sinopec Shengli Oilfield Company on November 29 began the construction of a large-scale commercial oil reserve facility in Dongying.

12-02-2024 18:45:05

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

China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

China INE crude price extends gains on optimism over China’s oil demand

Guangzhou (JLC), October 23, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Wednesday, supported by renewed optimism about China’s oil de

10-23-2024 19:01:59

CNOOC starts up China’s first deepwater oilfield secondary development project

Guangzhou (JLC), September 25, 2024--State-owned China National Offshore Oil Corporation (CNOOC) brought in China’s first deepwater oilfield secondary development project in the waters of the Pearl Ri

09-25-2024 16:12:02

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

Yanchang Petroleum to build 1.0 million cbm oil depot

Guangzhou (JLC), September 2, 2024--Shaanxi Yanchang Petroleum Group planned to construct a crude oil depot with a storage capacity of 1.0 million cubic meters (cbm), according to China Chemical Indus

09-02-2024 16:30:10

China INE crude price rallies after Libya’s oil production plunges

Guangzhou (JLC), August 30, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday due to a plunge in Libya’s oil production and an upgrade in the

08-30-2024 18:29:08

China INE crude price mounts on shutdown of Libyan oil fields

Guangzhou (JLC), August 27, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rose further on Tuesday, following the shutdown of Libyan oil fields.

08-27-2024 19:26:13

China INE crude price edges down after US oil rig count rises

Guangzhou (JLC), July 29, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) dropped further on Monday due to an increase in the US oil rig count, but was limited

07-29-2024 18:47:02

Output of Suizhong 36-1 oilfield hits 100 million mt

Beijing (JLC), June 25, 2024--Crude output of Suizhong 36-1 oilfield, the largest self-run offshore oilfield in China, has exceeded 100 million mt, its operator CNOOC said on June 23.

06-25-2024 11:40:12

China INE crude climbs after drone attack on Russian oil depot

Guangzhou (JLC), June 19, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Wednesday following a drone attack on a Russian oil depot.

06-19-2024 18:33:39

Yanchang Petroleum to start up 800,000 cbm oil depot in June 2025

Guangzhou (JLC), June 19, 2024--Shaanxi Yanchang Petroleum (Group) is expected to put into operation an 800,000 cubic-meter (cbm) crude oil depot in late June 2025, which will be the largest crude sto

06-19-2024 14:54:55

PetroChina Guangdong raises proportion of processed heavy oil to 75%

Guangzhou (JLC), June 17, 2024--PetroChina Guangdong Petrochemical has increased the proportion of processed heavy crude oil to 75% from 40% when it was commissioned, PetroChina said on its news websi

06-17-2024 15:53:10

CHN Energy starts building its first specialized oil terminal

Guangzhou (JLC), June 14, 2024--State-owned CHN Energy Investment Group kicked off the construction of its first specialized oil terminal -- Huanghua Port Oil Terminal -- on June 12, the company said

06-14-2024 16:05:03

China INE crude price extends gains after US oil rigs fall

Guangzhou (JLC), June 11, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Tuesday, buoyed a drop in the US oil rig count and expectations

06-11-2024 18:52:12

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

China INE crude falls again after IEA cuts oil demand growth forecast

Guangzhou (JLC), May 16, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended losses on Thursday after the International Energy Agency (IEA) cut its global

05-16-2024 18:41:49

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