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Bohai Oilfield sets record high in its daily crude oil output

Guangzhou (JLC), September 5, 2024--The Bohai Oilfield’s daily crude oil production has recently exceeded the mark of 100,000 mt, hitting a record high in nearly sixty years of the oilfield’s developm

09-05-2024 17:29:55

Independents unload more imported crude oil in past weeks

Guangzhou (JLC), January 26, 2024--Shandong-based independent refiners and traders have sped up their unloading of imported crude oil so far this month, as they had increased purchases amid expectati

01-26-2024 16:58:32

Independents’ crude oil imports plunge in past weeks

Guangzhou (JLC), November 24, 2023--Shandong-based independent refiners and traders have witnessed a plunge in their crude oil imports over the past few weeks, due to tight import quotas.

11-24-2023 10:39:45

Independents cut their crude oil imports in H1 November

Guangzhou (JLC), November 17, 2023--Shandong-based independent refiners and traders cut their crude oil imports in the first half (H1) of November, mainly because of quota tightness.

11-17-2023 11:19:57

CNPC produces China’s first “zero-carbon crude oil”

Guangzhou (JLC), August 9, 2023 – China National Petroleum Corporation (CNPC) produced China’s first barrel of "zero-carbon crude oil" on August 4 at Xinli Oil Production Plant in Jilin Oilfield.

08-09-2023 18:15:05

China styrene prices fall on crude oil reduction

Shandong (JLC), April 23, 2023--Domestic styrene market prices basically fell this week ended on April 20, tracing the same trend in crude oil market. Besides, weak demand weighed on the styrene marke

04-23-2023 14:14:00

Crude oil pipeline to be built in East Africa

Beijing (JLC), April 26, 2021--The construction of a crude oil pipeline connecting Uganda and Tanzania in east Africa is going to start soon, an industry source said.

04-26-2021 14:18:16

China oil product market remains bullish amid stronger crude oil

The Chinese oil product market has remained bullish since China hiked the retail ceilings of gasoline and diesel on December 4.

12-09-2020 15:51:02

Iraq returns to China's No. 3 crude oil supplier in Oct

Iraq came back as the third-biggest crude supplier to China in October, according to data from the General Administration of Customs (GAC).

11-30-2020 17:35:50

Shandong to add four crude oil tank farms in Aug-Sept

Shandong is scheduled to have four crude oil tank farms coming online during August-September 2020, with a total storage capacity of 7.76 million cubic meters, according to industry sources.

08-26-2020 17:08:04

PE pipe prices decline despite rising crude oil

PE prices are expected to decline with the market supply rising despite increasing crudeoilprices.

05-19-2020 09:13:18

PE prices decline on plummeted crude oil

US crude oil futures price fell sharply on the 20th local time, and WTI crude oil futures price for May delivery fell about 300%, closing negative for the first time in history, with the lowest offer at minus $40.32/bbl. Bearish sentiment was spreading on the plastic market.

04-29-2020 10:51:51

PTA market sluggish on negative crude oil prices

WTI crude oil fell to a negative number on April 20, weighing on domestic chemicals, and PTA market was bearish due to the domino effect of crude oil.

04-22-2020 17:26:20

PTA prices to rise on rebounded crude oil prices

PTA prices climbed recently supported by rebounded crude oil prices. However, the downstream demand recovered slowly, which will restrain the price rise.

04-14-2020 16:19:54

MEG prices dip on falling crude oil prices

Shandong (JLC), April 10, 2020--The cost support for MEG prices weakened as crude oil prices went down on the evening of April 9.

04-10-2020 15:56:31

MEG market weak despite greatly rising crude oil prices

Shandong (JLC), March 20, 2020-On March 19, spot MEG prices rebounded slightly but dropped later amid weak fundamentals, although crude oil prices surged.

03-20-2020 17:00:56

Plunge in crude oil price to indirectly impact NBR output

Shandong (JLC), March 18, 2020--The plunge in crude oil price is likely to impact China’s NBR output indirectly as the operating rate in NBR industry will decline amid the waning demand.

03-18-2020 17:38:50

Bottle grade PET price hit new low on crashed crude oil

China bottle grade PET price plunged to a record low currently as the plunge in crude oil prices resulted in plummeted chemical market.

03-17-2020 16:54:28

N-butanol drops on crude oil slumps

As of March 12, the average price of normal butanol (n-butanol) pegged at CNY5,283.33/mt (tax included), down CNY183/mt or 3.44% from March 1.

03-12-2020 17:07:24

BCS price stable despite the slump in crude oil prices (Part II)

Shandong (JLC), March 11 , 2020--The prevailing market offer of China’ butyl cellosolve (BCS) was steady recently even though it was in lack of cost and market sentiments supports affected by the plunge in crude oil prices.

03-11-2020 17:25:46

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