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Multiple UGS facilities hit record withdrawals in heating season

Beijing (JLC), March 27, 2026—China wrapped up its natural gas supply task for 2025-2026 heating season, according to CCTV News. The national consumption in this period reached 180 bcm.

03-27-2026 09:05:50

Sinopec Tianjin terminal ensures gas supply in 2025-2026 heating season

Shandong (JLC), March 17, 2026—On March 15, about 70,000 mt of LNG was unloaded from the LNG carrier GRACE ACACIA.

03-17-2026 17:12:55

Huabei Oilfield UGS cluster supplies over 2 bcm of gas in heating season

Shandong (JLC), February 14, 2026—As of February 12, PetroChina withdrew more than 2 billion cubic meters (bcm) of natural gas from its Huabei Oilfield underground gas storage (UGS) cluster.

02-14-2026 18:05:00

Daily supply of Changqing Oilfield hits record high in heating season

Beijing (JLC), January 16, 2026—On January 4, 2026, Changqing Oilfield Company produced 160 million cubic meters (mln cbm) of natural gas.

01-16-2026 15:04:00

Deep Sea No.1’s output tops 4.5 mln mt oil equivalent in 2025

Beijing (JLC), January 12, 2026—The gas and oil output of Deep Sea No.1, China’s largest offshore gas field, surpassed 4.5 million (mln) mt of oil equivalent in 2025, according to its operator CNOOC.

01-12-2026 13:17:55

CNOOC starts production at Weizhou 11-4 project in South China Sea

Guangzhou (JLC), December 8, 2025--CNOOC brought on-stream Weizhou 11-4 Oilfield Adjustment and Satellite Fields Development Project on December 3, the company reported last Wednesday.

12-08-2025 16:12:22

China INE crude price grows on falling exports from Black Sea ports

Guangzhou (JLC), December 5, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise Friday on reports that crude exports from Russian Black Sea port

12-05-2025 19:00:11

Bohai Sea gas field hits record daily output

Guangzhou (JLC), December 1, 2025--The Bozhong 19-6 condensate gas field in north China's Bohai Sea achieved a record high in its daily gas output from a single well, CNOOC reported on November 27.

12-01-2025 18:50:23

Daqing Petrochemical starts jet fuel export by sea

Guangzhou (JLC), November 26, 2025--PetroChina Daqing Petrochemical is beginning to export jet fuel by sea, PetroChina reported on its news website on November 25.

11-26-2025 15:36:00

CSSC Tianjin launches sea trials for first oil product tanker

Guangzhou (JLC), November 5, 2025--On October 29, CSSC (Tianjin) Shipbuilding, under Dalian Shipbuilding Industry Corporation, officially started sea trials for the first oil product tanker it built.

11-05-2025 17:47:27

China MX prices rebound after decline, off-season outlook remains challenging

Shandong (JLC), October 30, 2025--MX prices staged a brief rebound after a prolonged decline, though supply-demand pressures will continue to constrain any seasonal recovery.

10-30-2025 17:45:03

Recycled plastics prices suffer abnormal falls in conventional peak season

10-29-2025 09:56:37

China’s Aug ammonium sulfate exports slip on weak overseas demand

Shandong (JLC), September 23, 2025—In August 2025, China’s exports of ammonium sulfate reached 1,856,200 mt, declining by 15.81% month on month and slipping by 11.39% year on year, at a value of $312.

09-23-2025 16:36:16

China spot PP market fails to gain momentum in peak season

Shandong (JLC), September 18, 2025--Since entering September, the traditional demand peak season has not driven the industry to improve in a timely manner. In the first half of the month, the PP main

09-18-2025 11:08:00

China PE market faces muted peak season despite policy support

Despite the traditional peak season, China's PE market saw a slight decline in September 2025 due to weak demand and cautious procurement, though the downturn was cushioned by supportive government po

09-18-2025 09:56:35

China PVC market struggles in peak season amid bearish fundamentals

Shandong (JLC), September 15, 2025— China’s PVC market remains under pressure during this traditional peak season, depressed by ample supply and muted demand.

09-15-2025 14:53:53

PP market prices may see uptick in September peak season

Shandong (JLC), August 28, 2025—China's PP market prices trended sideways after a decline in August with limited market activity, while a modest price boost was anticipated in September.

08-28-2025 17:02:53

National policies and changes in federal funds rate to impact PE market in peak season

08-28-2025 15:38:46

Recycled PE market to keep flat despite coming peak season

Recycled PE market is likely to keep flat in late August, though the peak season approaches. Demand recovery remains slow, but the cost-side support is moderate, jointly leading to a market impasse.

08-21-2025 15:47:22

Deep Sea No.1 Phase II comes online

Shandong (JLC), June 27, 2025--The Phase II project of Deep Sea No. 1 came into full operation, marking the completion of the development project of China's largest offshore gas field.

06-27-2025 16:39:13

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