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China INE crude price drops on possible Saudi oil price cut

Guangzhou (JLC), March 31, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined further on Monday amid expectations that Saudi Arabia may slash crude price

03-31-2025 19:04:30

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

China's fuel oil imports plunge in first two months of 2025

Guangzhou (JLC), March 21, 2025--China recorded a year-on-year slump in its fuel oil imports in the first two months of 2025 when demand from independent refiners weakened.

03-21-2025 18:11:28

Dagang oilfield UGS cluster supplies over 2 bcm of gas in heating season

Shandong (JLC), March 20, 2025--PetroChina withdrew over two billion cubic meters (bcm) of natural gas from its Dagang oilfield underground gas storage (UGS) cluster in the 2024-2025 heating season.

03-20-2025 18:18:23

China INE crude price retreats on IEA forecast of oil glut

Guangzhou (JLC), March 14, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday after the International Energy Agency (IEA) forecast a supply su

03-14-2025 18:45:28

China’s oil product exports drop 18.1% in first two months of 2025

Guangzhou (JLC), March 7, 2025--China's exports of oil products amounted to about 7.21 million mt in the first two months of 2025, a drop of 18.1% year on year, according to data from GACC.

03-07-2025 15:09:09

Chinese oil companies to boost gasoline exports in March

Guangzhou (JLC), March 6, 2025--Chinese oil companies plan to boost their gasoline exports in March 2025 as domestic demand weakens after the Spring Festival travel rush.

03-06-2025 15:53:07

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

Domestic oil product output to drop in March, demand to diverge

Guangzhou (JLC), March 3, 2025--Chinese refiners are likely to cut their output of gasoline, diesel and jet fuel in March 2025, because of more refinery maintenance, while fuel demand diverges.

03-03-2025 16:49:20

PetroChina founds commercial oil reserve company, followed by CNOOC

Guangzhou (JLC), February 26, 2025--PetroChina established a commercial oil reserve company on February 11, while CNOOC followed suit on February 19, according to Tianyancha.

02-26-2025 19:05:37

China INE crude price extends losses after US oil rigs rise

Guangzhou (JLC), February 24, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Monday due to rising US oil rig count and the prospect of growing

02-24-2025 18:56:22

Fujinzheng pipeline sends nearly 1.5 mln mt of oil products

Guangzhou (JLC), February 21, 2025--The Fushun-Jinzhou-Zhengzhou oil product pipeline has transported nearly 1.50 million mt of oil products so far since it was put into operation.

02-21-2025 18:53:36

Chinese oil companies to keep largely stable exports of clean oil products in February

Guangzhou (JLC), February 14, 2025--Chinese oil companies plan to keep their exports of clean oil products (gasoline, diesel and jet fuel) largely stable in February 2025.

02-14-2025 17:09:41

China INE crude price rises further after Russian oil supply dips

Guangzhou (JLC), February 11, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) climbed further on Tuesday, following reports that Russian crude oil production f

02-11-2025 19:12:19

CNOOC starts production at mega metamorphic rock oilfield

Guangzhou (JLC), February 8, 2025--State-owned China National Offshore Oil Corporation (CNOOC) on Friday commenced production at the first phase of the Bozhong 26-6 oilfield, by far the largest metamo

02-08-2025 16:25:04

China’s oil-extended SBS imports and exports both climb in December

Shandong (JLC), January 24, 2025—In December 2024, China imported 222 mt of oil-extended SBS (40021914), up by 126.83% MoM, but down by 16.79% YoY.

01-24-2025 16:04:00

Maoming Petrochemical puts China’s longest fuel oil pipeline into use

Guangzhou (JLC), January 23, 2025--Sinopec Maoming Petrochemical delivered low-sulfur heavy bunker fuel out of its refinery through its Bohe-Maoming fuel oil pipeline on January 11, 2025, putting the

01-23-2025 18:52:04

China’s fuel oil output plunges by 18.4% in 2024

Guangzhou (JLC), January 21, 2025--China’s fuel oil output plunged by 18.4% year on year in 2024, reversing a yearly increase of 4.9% in 2023, according to the data from the National Bureau of Statist

01-21-2025 18:14:30

China’s oil and gas output tops 400 mln mt in 2024

Beijing (JLC), January 21, 2025--China's oil and gas production in 2024 surpassed 400 million (mln) mt of oil equivalent for the first time, according to data from the National Energy Administration.

01-21-2025 17:15:56

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