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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

New large shale gas reserves discovered in Chongqing

Guangzhou (JLC), November 26, 2025--More than 140 billion cubic meters of proven shale gas reserves were discovered in southwest China's Chongqing Municipality recently.

11-26-2025 15:57:57

Sinopec discovers over 100 million mt shale oil reserve in Sichuan Basin

Guangzhou (JLC), October 23, 2025--Sinopec found a new shale oil reserve with resources estimated at around 100 million mt in the Sichuan Basin.

10-23-2025 19:08:44

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

Sinopec discovers over 100 bln cbm of gas reserves in Sichuan

Guangzhou (JLC), August 19, 2025--Sinopec has discovered new geological reserves of 124.588 billion cubic meters of shale gas in the Yongchuan Shale Gas Field in the Sichuan Basin, making it another

08-19-2025 18:54:40

China to cut reserve requirement ratio, policy rate

Guangzhou (JLC), May 7, 2025--China's central bank on Wednesday announced a package of measures to further implement the moderately loose monetary policy and promote the high-quality development of th

05-07-2025 14:09:48

Sinopec discovers over 140 mln mt of shale oil reserves

Guangzhou (JLC), March 26, 2025--Sinopec discovered over 140 million mt of shale oil reserves in the Xinxing Oilfield in the Shengli Jiyang Shale Oil National Demonstration Zone on March 22, with the

03-26-2025 19:04:44

PetroChina founds commercial oil reserve company, followed by CNOOC

Guangzhou (JLC), February 26, 2025--PetroChina established a commercial oil reserve company on February 11, while CNOOC followed suit on February 19, according to Tianyancha.

02-26-2025 19:05:37

Proven reserves of Fuling shale gas field exceed 1 trillion cubic meters

Beijing (JLC), December 16, 2024--Fuling gas field became Sinopec’s first shale gas field to have proven gas reserves of over 1 trillion cubic meters.

12-16-2024 16:25:30

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

CNOOC discovers large oilfield with proven reserve of 102 mln mt

Guangzhou (JLC), March 11, 2024 – CNOOC discovered China’s first deep-water and deep-play large oilfield in the South China Sea, the company announced on March 8.

03-11-2024 19:08:46

Sinopec discovers new shale oil and gas reserve in Sichuan Basin

Guangzhou (JLC), January 11, 2024 – Sinopec has discovered more than 100 million mt of new oil and gas reserve in the Sichuan Basin.

01-11-2024 18:57:53

China INE crude price rises again after China cuts reserve ratio

Guangzhou (JLC), September 15, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Friday after China announced a cut in the reserve requirement

09-15-2023 18:10:31

Sinopec unveils new gas reserves in Sichuan Basin

Guangzhou (JLC), August 22, 2023 – Sinopec has added another 30.55 billion cubic meters (bcm) of proven geological reserves to its gas assets, the company said on August 22.

08-22-2023 17:53:02

Xinjiang and Sichuan top China’s oil and gas reserves in 2022 respectively

Guangzhou (JLC), August 1, 2023 -- China’s total oil reserves (not including shale oil and oil sands) stood at roughly 3.8 billion mt in 2022.

08-01-2023 18:06:44

China INE crude price edges up on warning against misusing oil reserves

Guangzhou (JLC), October 26, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) inched higher on Wednesday, after Saudi Arabia warned about some countries’ misuse

10-26-2022 19:07:20

Sinopec discovers shale gas reserves in Sichuan

Beijing (JLC), October 19, 2022--Sinopec has discovered shale gas reserves in Southwest China's Sichuan Basin with a confirmed volume of 387.8 bcm and potential daily output of 258,600 cubic meters.

10-19-2022 18:04:48

China INE crude price plummets after IEA agrees to release oil reserves

Guangzhou (JLC), April 7, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) plunged Thursday, after the International Energy Agency (IEA) announced a huge oil re

04-07-2022 18:53:36

Caofan LNG peak shaving reserve center gains ground

Beijing (JLC), March 23, 2022--China Railway 18th Bureau Group finished the main body construction of the storage tank of Jinan Caofan LNG peak shaving reserve phase II project, a market source said.

03-23-2022 16:04:45

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