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China INE crude price drops on possible Saudi oil price cut

Guangzhou (JLC), March 31, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined further on Monday amid expectations that Saudi Arabia may slash crude price

03-31-2025 19:04:30

PetroChina to cut its crude runs in 2025

Guangzhou (JLC), March 31, 2025--PetroChina plans to cut its crude runs in 2025 when the company continues to push forward with its transition and upgrade in the refining sector.

03-31-2025 14:19:47

Chinese refiners cut their bonded bunker fuel exports in Jan-Feb

Guangzhou (JLC), March 25, 2025--Chinese refiners cut their bonded bunker fuel exports in January-February 2025, as domestic supply tightened and global bunker demand was relatively tepid.

03-25-2025 16:43:54

Domestic fuel prices drop for seven consecutive weeks

Guangzhou (JLC), March 21, 2025--China’s wholesale gasoline and diesel prices have dropped for seven consecutive weeks, due to weakening gasoline demand and bearish sentiment.

03-21-2025 19:17:08

China INE crude price climbs on OPEC+ compensatory output cuts

Guangzhou (JLC), March 21, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) increase on Friday after OPEC+ announced a plan for seven members to cut output.

03-21-2025 18:31:41

China to cut fuel ceilings on March 20, third time in a row

Guangzhou (JLC), March 19, 2025--China will cut its retail ceilings of gasoline and diesel on March 20, 2025 (Thursday), the third time in a row, as international crude prices have extended losses.

03-19-2025 18:06:35

China to cut fuel ceilings on March 6, second time in 2025

Guangzhou (JLC), March 5, 2025--China will cut its retail ceilings of gasoline and diesel on March 6, 2025 (Thursday), the second time in 2025, as international crude prices have extended losses over

03-05-2025 14:17:15

Chinese SOEs to cut March crude runs on refinery maintenance

Guangzhou (JLC), March 4, 2025--Chinese state-owned enterprises (SOEs) plan to cut their crude throughput in March 2025, when several Sinopec refineries come under maintenance.

03-04-2025 16:39:02

China’s fuel prices slip for four consecutive weeks

Guangzhou (JLC), February 28, 2025--China’s wholesale gasoline and diesel prices have slipped for four straight weeks, due to falling international crude prices and weakening gasoline demand.

02-28-2025 17:31:41

China to cut fuel ceilings on February 20

Guangzhou (JLC), February 19, 2025--China will cut its retail ceilings of gasoline and diesel on February 20, 2025, as international crude prices have retreated over the past 10 working day.

02-19-2025 14:15:36

Sinopec cuts its refinery crude runs in 2024

Guangzhou (JLC), February 11, 2025--Sinopec processed 252.30 million mt of crude oil in 2024, down 2.03% from 2023, according to the company’s unaudited operational statistics for 2024.

02-11-2025 18:25:34

China INE crude slips after Trump pressures OPEC to cut prices

Guangzhou (JLC), January 24, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell on Friday, a day after Trump pressured OPEC to lower prices.

01-24-2025 18:31:35

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China methanol prices rise on supply cutting

Shandong (JLC), December 12, 2024—Methanol prices increased both in inland regions and ports amid lower supply.

12-12-2024 16:44:11

China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

China INE crude price extends losses after Saudi Aramco price cut

Guangzhou (JLC), December 9, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Monday, following Saudi Aramco’s cut in oil selling prices and and

12-09-2024 19:13:57

China INE crude price slips despite OPEC+ output cut extension

Guangzhou (JLC), December 6, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Friday, despite OPEC+’s decision to postpone the phase-out of its

12-06-2024 19:13:49

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

Sinopec cuts Shengli crude price for November

Guangzhou (JLC), November 26, 2024--Sinopec marked down its Shengli crude price for November 2024, following drops in international crude prices, according to refiner sources in Shandong.

11-26-2024 19:06:01

Chinese refiners cut fuel oil output in October

Guangzhou (JLC), November 18, 2024--Chinese refiners lowered their fuel oil output in October, due to tight quotas on low-sulfur fuel oil (LSFO) exports, also in tandem with a drop in their crude runs

11-18-2024 19:12:02

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