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New quotas to bolster domestic LSFO production in Jan 2025

Guangzhou (JLC), December 25, 2024--China has released the first batch of quotas on low-sulfur fuel oil (LSFO) exports for 2025, which is likely to bring domestic LSFO production back to a level of 1.

12-26-2024 16:31:19

Yaha UGS starts first round of gas supply

Shandong (JLC), December 26, 2024--Yaha underground gas storage (UGS) facility began its first round of natural gas supply on December 23, according to China Daily.

12-26-2024 13:44:19

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

Sinopec launches asphalt export to Tonga

Guangzhou (JLC), December 24, 2024--Sinopec recently exported 100 mt of asphalt to Tonga for the first time, marking a breakthrough in the continuous development of the Oceania asphalt market, Sinopec

12-24-2024 15:12:11

China's November apparent gasoline consumption hits 23-month low

Guangzhou (JLC), December 23, 2024--China's apparent consumption of gasoline in November reached a 23-month low because of plunging output and surging exports.

12-23-2024 19:05:52

China’s gasoline prices tick higher, diesel prices retreat

Guangzhou (JLC), December 20, 2024--China’s wholesale gasoline prices ticked higher this week, as international crude prices strengthened and demand grew modestly, while diesel prices retreated amid

12-20-2024 17:24:34

Nov sees peak of China asphalt output in 2024

Beijing (JLC), December 17, 2024—China’s petroleum asphalt output totaled 2.34 million mt in November, expanding by 200,000 mt or 9.3% month on month, JLC’s data showed.

12-17-2024 16:59:49

Output of Akemomu gas field exceeds 5 bcm

Beijing (JLC), December 16, 2024--As of December 13, Akemomu gas field has produced more than 5 billion cubic meters (bcm) of natural gas, its owner PetroChina announced on official website.

12-16-2024 17:28:47

Proven reserves of Fuling shale gas field exceed 1 trillion cubic meters

Beijing (JLC), December 16, 2024--Fuling gas field became Sinopec’s first shale gas field to have proven gas reserves of over 1 trillion cubic meters.

12-16-2024 16:25:30

Polybutadiene operating rate increases in Nov

Shandong (JLC), December 16, 2024--In November, the operating rate of China’s polybutadiene 9000 units was 77%, up 10% month on on month.

12-16-2024 00:00:00

Bozhong 19-6 gas field supplies 0.3 bcm of gas to Binzhou

Beijing (JLC), December 12, 2024--As of November 29, the Bozhong 19-6 gas field has transported more than 0.3 billion cubic meters (bcm) of natural gas via pipeline to Binzhou City, CNOOC Gas and Powe

12-12-2024 17:59:44

Crude stocks at Shandong ports extend rises over past week

Guangzhou (JLC), December 12, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports extended rises in the week to December 12, as unloading outpaced outbound delivery.

12-12-2024 17:08:53

SOEs to slash December diesel output amid seasonally weak demand

Guangzhou (JLC), December 9, 2024--State-owned enterprises (SOEs) plan to cut their diesel production sharply in December 2024 when domestic demand turns seasonally weak.

12-09-2024 15:05:48

Shandong independents’ feedstock unloading decreases in Nov

Guangzhou (JLC), December 5, 2024--Shandong-based independent refiners reduced their unloading of imported feedstock in November, due to relatively sluggish oil product demand and bad refining margin

12-05-2024 18:58:34

Sebei-Xining-Lanzhou pipeline supplies 76 bcm of gas

Beijing (JLC), December 5, 2024--Sebei-Xining-Lanzhou pipeline has transported more than 76 billion cubic meters (bcm) of natural gas in the past 23 years, source from the Development and Reform Commi

12-05-2024 18:11:08

Chinese SOEs to lower December crude runs as demand weakens

Guangzhou (JLC), December 3, 2024--Chinese state-owned enterprises plan to cut their crude throughput in December, as fuel demand becomes seasonally weak and their exports drop amid short quotas.

12-03-2024 18:32:28

Phase III of Beijing Gas Tianjin LNG terminal enters trial operation

Shandong (JLC), December 2, 2024--Beijing Gas put the third phase of its Tianjin LNG terminal into trial operation on November 25, according to Beijing Daily.

12-02-2024 10:00:22

China INE crude edges down on surprise US gasoline stock build

Guangzhou (JLC), November 28, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell slightly on Thursday as an unexpected build in the US gasoline stocks ahead

11-28-2024 18:55:22

China’s first offshore gas storage officially comes online

Beijing (JLC), November 28, 2024--Nanpu-1, China’s first offshore gas storage facility, officially started operation on November 26, its owner PetroChina Jidong Oilfield announced on official WeChat a

11-28-2024 17:53:54

China INE crude price extends losses on Israel-Hezbollah ceasefire deal

Guangzhou (JLC), November 27, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Wednesday following news that Israel and Hezbollah reached a ceas

11-27-2024 19:07:52

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