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Daily output of shale oil at Jiqing oilfield hit record

Beijing (JLC), May 13, 2024--Daily output of shale oil at Jiqing oilfield hit a record of 2,800 mt on May 4, a source from its owner PetroChina Xinjiang Oilfield Company said.

05-13-2024 10:56:11

Sinopec discovers new shale oil and gas reserve in Sichuan Basin

Guangzhou (JLC), January 11, 2024 – Sinopec has discovered more than 100 million mt of new oil and gas reserve in the Sichuan Basin.

01-11-2024 18:57:53

China INE crude price rallies on expectation of US shale oil output fall

Guangzhou (JLC), September 19, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Tuesday after the Energy Information Administration (EIA) forecast

09-19-2023 19:31:17

China INE crude price slips again on prospect of US shale oil output rises

Guangzhou (JLC), June 13, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) decreased further on Tuesday, as the US shale oil production is expected to grow.

06-13-2023 18:17:19

China INE crude price slips on potential US shale oil output increases

Guangzhou (JLC), April 18, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Tuesday amid the expectation of rising shale oil production in the US,

04-18-2023 18:22:10

PetroChina Dagang Oilfield builds 100,000 mt/yr shale oil platform

Guangzhou (JLC), March 30, 2023--PetroChina Dagang Oilfield Company officially put its Cangdong Sag No.5 Platform into operation on March 28, 2023.

03-30-2023 17:16:56

China discovers 1.27 bln mt of shale oil in Daqing Oilfield

Guangzhou (JLC), August 26, 2021--China National Petroleum Corporation (CNPC) announced on Wednesday that it had discovered a major shale oil field with predicted geological reserves of about 1.27 bln mt in Daqing Oilfield, marking a breakthrough in China's shale oil exploration.

08-26-2021 17:12:05

INE crude slips further as US shale oil output climbs

The price of crude futures on the Shanghai International Energy Exchange (INE) retreated further on Tuesday, as the shale oil production in the US shot up.

08-18-2020 18:35:31

China starts to build its biggest shale oilfield

Beijing (JLC), July 17, 2019--China Petroleum Engineering & Construction Corp (CPECC) held the opening ceremony of Jimusar shale oil joint station project in Changji, Xinjiang, marking the start of the construction of China’s biggest shale oilfield, domestic media reported.

07-17-2019 17:33:17

Honghua Group issues holistic solutions for shale oil development

Beijing (JLC), June 17, 2019--Honghua Group has taken the lead in releasing the holistic solution for shale gas development, which can greatly reduce pollution, save energy and cut emissions in real terms, domestic media reported on June 16, 2019.

06-17-2019 14:02:25

Shale oil prices fall on bearish factors

Beijing (JLC), May 14, 2019--The tender price of shale oil at Fushun Mining declined, largely due to weak international crude market and soft demand for bunker oil.

05-14-2019 17:30:41

Shale oil prices hit year-to-date low

Beijing (JLC), December 3, 2018--Fushun Mining slashed its shale oil tender prices to the lowest level since the start of the year on November 30, amid plunges in global crude futures and supply glut.

12-03-2018 10:27:56

China’s longest shale oil pipeline completes pigging

PetroChina Southwest Oil and Gasfield Company completed pigging on its Changning-Naxi Pipeline, China’s longest shale oil pipeline, on May 18, after nine hours’ operation, some source told JLC.

05-29-2018 08:25:07

Funshun Mining shale oil bidding price to increase if light coal tar price moves up

Introduction: Shale oil bidding price can predict the rise and fall of bunker oil, and the shale oil trading volume can directly reflects the overall demand for bunker over a period of time. How about this round of bidding on March 26?

03-28-2018 16:41:04

Shale oil price slumped after surging and bunker oil market moved sideways

Shale oil bidding price has always been an important indicator for heavy bunker oil market. In the last shale oil bidding on November 3rd, the weighted average price of the successful bid surged by CNY1,421/mt to CNY4,376/mt, which astonished the market.

11-20-2017 17:12:57

Bunker fuel margin in East China increased slightly due to shale oil price slump

Earlier in October, Russian news agency reported that OPEC and non-OPEC oil-producing countries would hold a meeting again in a few days to discuss crude output cut deal extension and other issues.

10-26-2017 10:28:55

Do operating difficulties of shale oil contribute to the extension of OPEC crude cut deal?

Shale oil productions suffered a series of bad news recently. Permian basin crude producers have been confronting many operating difficulties which have begun to weaken producers’ profitability.

08-22-2017 17:25:30

Crude price slumped as EIA said US shale oil output would surge in September

On August 14th (Monday), crude closing price slumped as National Bureau of Statistics of the PRC (NBS) statistics showed that China crude processing volume recorded the biggest seasonal decline in July, and EIA report said US shale oil output was to create a new high in September.

08-15-2017 16:42:35

Big times, shale oil revolution still keeps on

Recently, Brent futures contract price has fallen for 4 weeks constantly, creating the longest falling period. Meanwhile, Brent futures contract price fell by 13.14% from a high point of $52/bbl to $44.22/bbl, which was almost the same as the price before the output cuts measures.

06-19-2017 18:19:32

Shale oil output of U.S. was expected to grow

The data issued by EIA on April 18th (Monday) showed that shale oil output was expected to continue to grow and the high crude oil inventory of United States left insufficiently available storage space.

04-19-2017 16:58:31

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