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China releases first batch of quotas on 2025 oil product exports

Guangzhou (JLC), December 25, 2024--China has released its first batch of 2025 quotas on the exports of clean oil products (gasoline, diesel and jet fuel), setting the quotas at 19 million mt.

12-25-2024 17:01:40

China's apparent fuel oil consumption slips on year in November

Guangzhou (JLC), December 24, 2024--China's apparent consumption of fuel oil dived in November on a year-on-year basis, largely due to lower output.

12-24-2024 18:53:50

China boosts fuel oil imports from Russia in November

Guangzhou (JLC), December 24, 2024--China increased its fuel oil imports from Russia in November, in contrast to a cut in the imports from Malaysia, according to the data from the General Administrati

12-24-2024 18:36:00

China’s oil demand to peak around 2027: Sinopec

Guangzhou (JLC), December 23, 2024 – China's oil consumption is expected to peak around 2027, according to Sinopec’s China Energy Outlook 2060 (2025 version).

12-23-2024 18:37:05

China INE crude price retreats on prospect of 2025 oil glut

Guangzhou (JLC), December 20, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday amid expectations of an oversupply in 2025.

12-20-2024 17:51:11

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

CNOOC starts operation at Jinzhou 23-2 oilfield project

Guangzhou (JLC), December 5, 2024--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Jinzhou 23-2 oilfield development project on December 3.

12-05-2024 18:57:55

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

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

PetroChina Fuel Oil wins bonded bunkering license in Tianjin

Guangzhou (JLC), November 27, 2024--PetroChina (Tianjin) Fuel Oil Co., Ltd. obtained the first regional license for bonded bunkering business in Tianjin on November 13, also the first regional license

11-27-2024 15:35:37

Chinese oil companies revise up plans for November refined oil exports

Guangzhou (JLC), November 25, 2024--Chinese oil companies have revised up their plans for November exports of clean oil products (gasoline, diesel and jet fuel), before China cuts its VAT rebate.

11-25-2024 17:20:37

China's apparent fuel oil consumption plunges on year in October

Guangzhou (JLC), November 22, 2024--China's apparent consumption of fuel oil dived in October on a year-on-year basis, largely due to lower output.

11-22-2024 18:08:59

Russia remains the largest fuel oil supplier to China in Jan-Oct

Guangzhou (JLC), November 20, 2024--Russia remained the largest fuel oil supplier to China in the first ten months of 2024, still followed by Malaysia.

11-20-2024 18:28:17

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

Chinese oil refiners cut October gasoline output to year’s lowest

Guangzhou (JLC), November 18, 2024--Chinese oil refiners cut their October gasoline production to the year's lowest, according to data from the National Bureau of Statistics (NBS).

11-18-2024 16:46:28

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

China's oil product exports plunge in October

Guangzhou (JLC), November 10, 2024--Chinese companies' oil product exports plunged in October, which could be ascribed to short quotas towards the end of the year.

11-10-2024 15:09:21

Chinese oil companies to cut clean refined product exports in November

Guangzhou (JLC), November 1, 2024--Chinese oil companies plan to cut their exports of clean oil products (gasoline, diesel and jet fuel) in November, due to multiple factors.

11-01-2024 15:54:57

China oil-extended SBS imports down, but exports up in September

Shandong (JLC), Oct 31, 2024—In September 2024, China imported 229 mt of oil-extended SBS (40021914), down by 20.03% MoM, but up by 36.10% YoY. While, China’s oil-extended SBS exports were 1,226 mt.

10-31-2024 16:15:46

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