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China INE crude price extends gains after US blocks Strait of Hormuz

Guangzhou (JLC), April 14, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) rose again on Tuesday amid mounting supply concerns following the US announcement of

04-14-2026 19:20:37

China INE crude leaps further amid continued Strait of Hormuz blockade

Guangzhou (JLC), March 13, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) gained more ground on Friday after Iran's new supreme leader said Iran would maintai

03-13-2026 18:51:55

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 rallies on US naval blockade against Venezuela

Guangzhou (JLC), December 18, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Thursday after US President Donald Trump announced a naval blockade

12-18-2025 18:57:58

China INE crude price rebounds after court blocks Trump’s tariffs

Guangzhou (JLC), May 29, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) bounced back on Thursday after a U.S. trade court blocked President Donald Trump’s tar

05-29-2025 18:40:31

China PG market to weaken on blocked logistics

China propylene glycol (PG) prices are expected to fall affected by the pressure caused by the sporadic outbreak of COVID-19 in current days.

03-16-2022 14:09:39

INE crude climbs on weaker yuan, though Suez Canal unblocks

Guangzhou (JLC), March 30, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) rose further on Tuesday in light of weaker Chinese yuan, though the blockage in the Suez Canal came to an end.

03-30-2021 19:00:35

Cargo ship blocking traffic in Suez Canal impacts domestic PE market little

Shandong (JLC), March 26, 2021--Suez Canal blocked after ship grounded, but it put limited impacts to Chinese PE market as China’s PE imports were mainly from the Middle East and Russia, while the volume from Europe was small.

03-26-2021 17:16:26

INE crude rallies after Suez Canal blockage

Guangzhou (JLC), March 25, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) rebounded on Thursday, amid potential tighter supply caused by a blockage in the Suez Canal.

03-25-2021 18:56:16

CNOOC starts up another well block in Penglai 25-6 oil field

State-owned China National Offshore Oil Corporation (CNOOC) started operation at well block 3 of the Penglai 25-6 oil field in the Bohai Sea on December 14, CNOOC announced on the day.

12-15-2020 14:20:27

CNOOC's well block 6/11 of Jinzhou 25-1 oil field comes on stream

State-owned China National Offshore Oil Corporation (CNOOC)’ s well block 6/11 of the Jinzhou 25-1 oil field in Liaoning province came on stream on September 28, CNOOC announced on the day.

09-29-2020 19:09:45

PetroChina' s Changning shale gas block sees daily output hit 10 mln cbm

Beijing (JLC), May 24, 2019--Sichuan Changning shale gas block’s daily output reached 10.06 million cbm on May 20, 40 days ahead of the plan of its owner and operator PetroChina Southwest Oil & Gasfield Company, PetroChina said on its website.

05-24-2019 13:48:21

Shanxi sells exploration rights of two CBM blocks

The Shanxi provincial bureau of natural resources sold exploration rights of two coalbed methanol (CBM) blocks via online bidding, making Shanxi the first province in China successfully transferring the rights.

03-20-2019 16:28:22

Shanxi to sell exploration right of two CBM blocks

Beijing (JLC), December 18, 2018--The Department of Natural Resources of Shanxi Province announced the other day that it would sell the exploration right for two of its Coalbed methane (CBM) blocks by bidding, the department said on its website.

12-18-2018 14:57:31

ZhenHua Oil's crude output rises 30% after buying Abu Dhabi oil block

ZhenHua Oil Holdings Co., Ltd. (hereinafter referred to as ZhenHua Oil) took over 4% of the Abu Dhabi oil block, which will increase its crude oil output by about one third or at least 3.2 million mt per year to 13.2 million mt (264 kbd).

12-14-2018 16:34:57

Blockchain project opens up JLC bulk commodity service ally

A financing service product based on a state-prize-winning tea was issued at Qingdao Joint Credit Assets Trading Center on October 15, 2018, signifying the application of JLC’s blockchain technologies and the establishment of the ecological circle for tea trading.

10-17-2018 19:52:54

Blockbuster policy for green energy challenges refined products

China Ministry of Transport issued the "Opinions of the Ministry of Transport on Promoting the Development of Green Transportation in an All-Round Way", aiming to establishing a green transportation system that is scientific and eco-friendly, clean and low-carbon, intensive and high-efficiency.

12-15-2017 17:06:26

Five oil and gas blocks listing in Xinjiang promotes the reforms in oil and gas industry

Five oil and gas blocks in Xinjiang promotes the reforms in oil and gas industry

12-13-2017 11:56:00

PetroChina will invest US$2 bln in an oil and gas block in Peru

Chinese state-owned oil group China National Petroleum Corporation (CNPC) plans to invest US$2bn in the development of the Block 58, an oil and gas block in the Cusco region of Peru.

05-27-2017 17:34:39

Sinopec resumes the crude oil production of four blocks of Shengli Oilfield

Sinopec resumed the crude oil production of four blocks of Shengli Oilfield, which were shut down one year before amid poor economy.

02-23-2017 17:39:54

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