Energy report, Chemical report,News & Commentary, Market Price, JLC database

China INE crude price retreats after Saudi Aramco’s OSP cut

Guangzhou (JLC), January 9, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated sharply on Tuesday after Saudi Aramco cut its crude official selling pric

01-09-2024 19:13:22

Saudi Aramco acquires 10% stake in Rongsheng Petrochemical

Guangzhou (JLC), March 28, 2023--Saudi Aramco and Rongsheng Petrochemical signed an acquisition agreement on March 27, under which Aramco Overseas Company B.V. (AOC for short) would purchase a 10% st

03-28-2023 19:00:43

China INE crude price dips as Saudi Aramco ready to lift output

Guangzhou (JLC), August 15, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated slightly on Monday, following Saudi Aramco’s readiness for production inc

08-15-2022 18:37:11

China INE crude rallies on Saudi Aramco price hike

Guangzhou (JLC), December 6, 2021--The price of crude futures on China’s Shanghai International Energy Exchange (INE) rebounded Monday, after Saudi Aramco raised its official selling prices (OSPs) .

12-06-2021 19:15:06

Saudi Aramco buys SABIC to enhance downstream, gear up for 2021 IPO

Beijing (JLC), March 29, 2019--Saudi Aramco’s latest acquisition of Saudi Basic Industries Corporation (SABIC) will help expand its footprint in the refining and petrochemical sector and is a prelude to its initial public opening (IPO) now scheduled for 2021, industrial sources said.

03-29-2019 11:11:54

Saudi Aramco, NORINCO to build refinery in NE China

Saudi Aramco, China North Industries Group Corporation (NORINCO) and Panjin Xincheng Industrial Group (Panjin Xincheng) signed a cooperation agreement on February 22 to form a joint venture to develop an integrated refining & petrochemical complex in Panjin city

02-26-2019 17:54:07

Saudi Aramco and PetroChina planned to sign investment deal in six months

On August 23rd, Saudi Arabian energy minister Khalid al-Falih said in an interview that Saudi Aramco was expected to sign a final agreement with PetroChina in six months. This agreement involved Saudi Aramco’s investment to PetroChina Yunnan Refinery.

08-28-2017 15:02:04

Saudi Aramco signs contract with CNOOC to supply crude for Huizhou Refinery

According to foreign media in Singapore on March 23rd, Saudi Aramco signed an one-year contract with CNOOC to supply crude oil for the forthcoming 2nd Project of CNOOC Huizhou Refinery.

03-27-2017 18:00:31

Saudi Aramco terminates its cooperation with US Shell

On March 9th, Saudi Aramco declared that the company will pay 2.2 billion dollars, including the debt, to Royal Dutch/Shell Group of Companies in order to end their twenty-year refining cooperation in Motiva in US.

03-13-2017 15:40:15

Saudi Aramco possibly to be listed in New York

According to sources on February 21st, Saudi Arabia intended to list its state-owned oil giant, the Saudi Arabian Oil Co. (Saudi Aramco), in New York, London or Toronto, indicating little possibility of landing in any Asian stock exchanges.

02-22-2017 11:18:59

Saudi Aramco starts base oil business

According to market sources, Saudi Aramco has announced its plan of entering base oil business as part of its endeavor to optimize oil value as well as development refining and chemical business.

02-21-2017 18:07:51

Saudi Aramco plans IPO in 2018

10-14-2016 13:45:57

Saudi Aramco plans to invest US$335bn by 2025

Saudi Arabia's state-owned oil company Saudi Aramco has announced a US$334bn investment plan by 2025.

09-29-2016 11:29:27

PetroChina wins the bid of Saudi Aramco pipeline project

PetroChina Pipeline Company reported that, it had won the bidding of Saudi Arabia Ras Tanura pipeline project of Saudi Aramco Company with total contract amount 330 million dollars.

07-14-2016 15:15:24

Asian countries are the main crude importers for Saudi Aramco

Saudi Aramco’s annual report read, in 2015 the crude exporting to Asian countries made up 65% of the total crude imports of Saudi Aramco, including China, Japan, South Korea, Philippines and India.

06-16-2016 16:51:32

Saudi Aramco raised exported crude oil prices to Asia

On 5th June, the world’s largest oil exporter Saudi Arabia raised most of grade of crude oil prices export to Asia in July.

06-14-2016 15:06:37

Saudi Aramco crude to Jingbo Petchem arrived in Longkou Port

It was reported that, the first shipment of crude from Saudi Arabia selling to China independent refinery had arrived in Longkou Port of Shandong Province on May 20th.

05-24-2016 16:07:04

Saudi Aramco signs LPG supply contract with Yantai Wanhua

The biggest crude oil exporter, Arabian American Oil Company signs a 200 million dollars LPG supply contract with Wanhua Chemistry (Yantai) Petrochemical Co. LTd (hereafter short as “Yantai Wanhua”).

05-18-2016 09:45:32

Saudi Aramco sold crude to China independent refinery Chambroad for the first time

Recently, the news that Saudi Aramco sold a shipment of crude with 0.73 million barrels loading in June to Shandong Chambroad Petrochemicals attracted wide attention, which is the first time for Saudi Aramco selling crude spot to China’s independent refinery.

04-29-2016 11:50:49

Saudi Aramco expands cooperation with PetroChina

It was reported that the largest oil company Saudi Aramco engaged Deutsche Bank as the consultant for the possible purchasing billions of dollars PetroChina’s marketing, retailing and refining property.

10-08-2015 16:53:42

Login

Leading provider of market intelligence and pricing solutions for energy products and commodities in China