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PetroChina’s net profit sets new high in 2024

Guangzhou (JLC), March 31, 2025--PetroChina’s net profit attributable to its equity shareholders set a new high in 2024, mainly because of lower costs, despite slightly lower sales revenue.

03-31-2025 18:27:04

China’s fuel prices rally after seven weeks of drops

Guangzhou (JLC), March 28, 2025--China’s wholesale gasoline and diesel prices rallied in late March, after drops in seven consecutive weeks, because of rising international crude prices and pre-holid

03-28-2025 18:49:27

Crude stocks at Shandong ports rebound modestly

Guangzhou (JLC), March 27, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded modestly in the week ending March 27, as unloading outpaced outbound delivery.

03-27-2025 18:17:30

Independents’ crude refining margins continue to drop

Guangzhou (JLC), March 27, 2025--Shandong-based independents’ crude refining margins continued to drop in late March, due to higher costs and lower sales revenue.

03-27-2025 14:18:48

Sinopec discovers over 140 mln mt of shale oil reserves

Guangzhou (JLC), March 26, 2025--Sinopec discovered over 140 million mt of shale oil reserves in the Xinxing Oilfield in the Shengli Jiyang Shale Oil National Demonstration Zone on March 22, with the

03-26-2025 19:04:44

China’s fuel oil output falls in Jan-Feb 2025

Guangzhou (JLC), March 25, 2025--China’s fuel oil output fell in January-February 2025, which could be mainly ascribed to relatively weak demand and bad production margins.

03-25-2025 19:14:54

Chinese refiners cut their bonded bunker fuel exports in Jan-Feb

Guangzhou (JLC), March 25, 2025--Chinese refiners cut their bonded bunker fuel exports in January-February 2025, as domestic supply tightened and global bunker demand was relatively tepid.

03-25-2025 16:43:54

China’s bonded bunker fuel imports soar in first two months

Guangzhou (JLC), March 24, 2025--China’s bonded bunker fuel imports soared in the first two months of this year, as domestic low-sulfur fuel oil (LSFO) production fell and bonded distributors in East

03-24-2025 19:04:34

Domestic fuel prices drop for seven consecutive weeks

Guangzhou (JLC), March 21, 2025--China’s wholesale gasoline and diesel prices have dropped for seven consecutive weeks, due to weakening gasoline demand and bearish sentiment.

03-21-2025 19:17:08

Independents find lower refining margins

Guangzhou (JLC), March 19, 2025--Shandong-based independents found lower refining margins for imported crude in the week to March 19, dragged down by rising crude costs and falling sales revenue.

03-19-2025 18:48:13

Sinopec records China’s largest single-batch bonded bunker sales

Guangzhou (JLC), March 17, 2025--Sinopec successfully refueled vessel “AGOGO FPSO” with 8,549 mt of bonded bunker fuel at the Luhuashan anchorage in Shanghai on March 12, marking the largest single-b

03-17-2025 18:51:53

Ningbo-Zhoushan Port completes first HS biofuel bunkering in East China

Guangzhou (JLC), March 17, 2025--Bunkering vessel “SI JIE 21” successfully pumped 1,600 mt of bonded high-sulfur B24 biofuel into container ship “COSCO ITALY” in the Ningbo-Zhoushan Port on March 15,

03-17-2025 18:02:43

China’s fuel prices fall in mid-March, sixth week in a row

Guangzhou (JLC), March 14, 2025--China’s wholesale gasoline and diesel prices continued to fall in the middle of March, the sixth week in a row, depressed by drops in international crude prices and w

03-14-2025 16:28:28

China’s LSFO output drops in February

Guangzhou (JLC), March 13, 2025--China’s low-sulfur fuel oil (LSFO) output dropped in February, because of poor production margins and PetroChina’s adjustments in its yields.

03-13-2025 15:06:37

Independents’ refining margins for imported crude continue to grow

Guangzhou (JLC), March 13, 2025--Shandong-based independents’ refining margins for imported crude continued to grow in mid-March, buoyed by dropping crude costs, despite lower sales revenue.

03-13-2025 14:39:21

Shandong independents’ run rates extend rises as margins improve

Guangzhou (JLC), March 12, 2025--Shandong independent refiners’ operating rates extended rises in the week ending March 12, as their refining margins improved.

03-12-2025 18:53:45

China’s fuel prices drop for five straight weeks

Guangzhou (JLC), March 7, 2025--China’s wholesale gasoline and diesel prices extended drops in the week ending March 7, the fifth drop in a row, because of falling crude prices, lackluster gasoline d

03-07-2025 18:12:46

Independents’ crude refining margins surge as costs decrease

Guangzhou (JLC), March 6, 2025--Shandong-based independents’ crude refining margins surged in early March, driven up by a further decrease in crude costs, despite lower sales revenue.

03-06-2025 11:55:14

Shandong independents' run rates rally after eleven weeks of drops

Guangzhou (JLC), March 5, 2025--Shandong independent refiners' operating rates rallied in early March, after dropping for eleven consecutive weeks, as two refiners wrapped up maintenance.

03-05-2025 19:12:25

Bonan oilfield group produces over 1 mln mt of oil and gas in 39 days

Guangzhou (JLC), March 5, 2025--Bonan oilfield group, a 10-million-mt oil and gas production base in China, has produced over 1 million mt of oil and gas within 39 days in early 2025, showing a stron

03-05-2025 19:04:29

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