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Independents’ crude refining margins surge in mid-Jan

Guangzhou (JLC), January 15, 2025--Shandong-based independents’ crude refining margins surged in mid-January, buoyed by a rapid increase in sales revenue, despite a rise in crude costs.

01-15-2025 18:31:54

Sinopec Qingdao LNG terminal receives 700th cargo

Shandong (JLC), January 13, 2025--The LNG carrier, CESI LIANYUNGANG‌‌, arrived at Sinopec Qingdao LNG terminal from Australia on January 8, marking the milestone of 700 cargoes handled by the terminal

01-13-2025 15:29:21

China INE crude price extends gains despite weak US economic data

Guangzhou (JLC), January 7, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday on improving economic prospects for China, despite wea

01-07-2025 18:58:05

PetroChina Karamay Petrochemical’s jet sales hit new high in 2024

Guangzhou (JLC), January 6, 2025--As of December 24, PetroChina Karamay Petrochemical in Xinjiang tallied 364,000 mt of jet fuel sales in 2024, which set a record high, PetroChina said on December 31.

01-06-2025 18:03:58

Sinopec replaces Luoyang Petrochemical with new subsidiary

Guangzhou (JLC), January 3, 2025 – Sinopec’s new subsidiary – Henan Refining & Chemical Co., Ltd. – officially began operation on January 1, 2025, replacing its predecessor Sinopec Luoyang.

01-03-2025 18:33:47

PipeChina starts building phase II of Hainan LNG terminal

Beijing (JLC), January 3, 2025--PipeChina started the construction of the phase II project of Hainan LNG terminal on December 27, the company said on its official WeChat account.

01-03-2025 14:19:35

China INE crude price rises despite weaker Chinese economic data

Guangzhou (JLC), December 31, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Tuesday despite weaker economic data from China, as investors w

12-31-2024 18:30:21

Sinopec Southwest China Petroleum Bureau hits milestone in gas production

Beijing (JLC), December 31, 2024--Sinopec Southwest China Petroleum reached a milestone in its natural gas production, Sinopec said on December 25.

12-31-2024 18:00:00

China's manufacturing PMI stays in expansion in December

Guangzhou (JLC), December 31, 2024 – China's manufacturing purchasing managers' index (PMI) dropped slightly in December but was still in expansionary territory.

12-31-2024 14:52:58

China INE crude price rises on optimism about China’s economy

Guangzhou (JLC), December 27, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Friday after the World Bank upgraded its forecast for China’

12-27-2024 18:27:27

Domestic fuel prices still mixed in late December

Guangzhou (JLC), December 27, 2024--China’s wholesale fuel prices were still mixed in late December, because of divergent demand.

12-27-2024 18:15:17

China INE crude price range-bound on mixed factors

Guangzhou (JLC), December 24, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) moved sideways on Tuesday due to mixed factors.

12-24-2024 19:02:48

Alkylate margins rally in H1 December amid higher product prices

Beijing (JLC), December 20, 2024--As of December 15, margins of alkylate units in Shandong averaged minus CNY470/mt, up by 27.07% compared with the average margin in the second half of November.

12-20-2024 16:12:37

Sinopec Qilu Petrochemical begins upgrading its refinery

Guangzhou (JLC), December 20, 2024 – Sinopec Qilu Petrochemical started to construct its upgrade project on December 19, Sinopec announced at a ceremony held in Zibo on Thursday.

12-20-2024 14:52:04

Crude stocks at Shandong ports retreat in mid-December

Guangzhou (JLC), December 19, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports decreased in the week to December 19, as outbound delivery outpaced cargo unloading.

12-19-2024 18:40:05

Shandong independents' run rates drop amid unit shutdown

Guangzhou (JLC), December 18, 2024--Shandong independent refiners' operating rates fell considerably in the week to December 18 due to unit shutdown.

12-18-2024 18:13:18

Cangzhou Port Group starts building 300,000-dwt crude terminal

Guangzhou (JLC), December 17, 2024--Cangzhou Port Development Group kicked off the construction of a 300,000-dwt crude oil terminal project at Huanghua Port in Hebei Province on December 15.

12-17-2024 17:59:10

China’s PDH unit operating rate extends gains in mid-December

Beijing (JLC), December 16, 2024--China’s PDH unit operating rate extended gains by 4.42 percentage points in mid-December due to unit restart.

12-16-2024 17:07:53

Daxie Petrochemical to commission expansion project by year-end

Guangzhou (JLC), December 13, 2024--CNOOC Ningbo Daxie Petrochemical is preparing to commission its upgrading and expansion project by the end of this year, following the completion and handover of a

12-13-2024 18:41:45

China’s fuel prices climb in mid-Dec, fourth week in a row

Guangzhou (JLC), December 13, 2024--China’s wholesale gasoline and diesel prices climbed further in mid-December, the fourth week in a row, as state-owned refiners tried to boost their profit after a

12-13-2024 18:12:01

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