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China adds another bonded bunker supplier, first in Xiamen: sources

Guangzhou (JLC), February 4, 2024 – Xiamen Kunlun Fuel Oil Co., Ltd. was granted a regional license on January 30 to supply bonded marine fuels in Xiamen, Fujian province, official sources told JLC.

02-04-2024 18:26:53

Shandong independents acquire additional quota on fuel oil imports-market sources

Guangzhou (JLC), November 8, 2023-The Department of Commerce of Shandong Province has just notified local independent refiners about additional quota on about three million mt of fuel oil imports.

11-08-2023 11:54:36

China Resources starts construction of Rudong LNG terminal

Beijing (JLC), June 25, 2023--China Resources held the commencement ceremony of its Rudong LNG terminal on June 21, a market source said.

06-25-2023 16:21:44

Chinese independents’ crude sources concentrate further in 2022

Guangzhou (JLC), January 19, 2023--Chinese independent refiners cut their crude imports in 2022, and their sources of imported grades concentrated further.

01-19-2023 17:08:33

China issues large quota on oil product exports-market sources

Guangzhou (JLC), September 21, 2022--China has issued large quota on oil product exports, in view of weak domestic demand, according to market sources.

09-21-2022 16:09:16

China imports crude from fewer sources in Aug 2022

Guangzhou (JLC), September 20, 2022--China imported crude from only 20 sources in August 2022, down from 28 in July and 33 in the corresponding month in 2021.

09-20-2022 16:01:36

Share of domestic resources exceeds 70% in bonded bunker market

China’s bonded bunker fuel oil supply was around 8.1 million mt in the first five months of 2022, of which the supply from domestic refineries reached 5.75 million mt, 71% of the total.

06-28-2022 17:11:20

China imports crude from fewer sources in October

Guangzhou (JLC), November 23, 2021-China imported crude from fewer sources in October 2021 when its imports fell to a three-year low.

11-23-2021 15:28:03

Source: Gas supply via Central Asia-China pipeline to China falls

Beijing (JLC), November 26, 2020--Natural gas supply to China via the Central Asia-China gas pipeline is heard to have dropped as a result of malfunction of aging exploration facilities, according to market sources.

11-26-2020 17:32:46

China approves tax rebate for general-trade fuel oil export: sources

Guangzhou (JLC), January 10, 2020--China's State Council has approved a long-awaited tax rebate for general-trade fuel oil export, industry sources said late this week.

01-10-2020 16:54:21

China-Russia East-Route gas pipeline to be China's main gas source

Beijing (JLC), November 12, 2019--Russia will begin in December to send natural gas to China via China-Russia East-Route gas pipeline, which will become China’s main gas source, according to market sources.

11-12-2019 17:58:22

Shandong to integrate port resources

Beijing (JLC), August 7, 2019--Shandong Port Group Co., Ltd. was founded recently, as part of Shandong government’s efforts to integrate resources along Shandong coastal ports.

08-08-2019 09:02:38

Sichuan-to-East China gas pipeline secures gas sources from both onshore, offshore

Beijing (JLC), June 20, 2019--Sinopec Sichuan-to-East China gas pipeline started to receive LNG from the Shanghai Yangshan Port terminal, realizing gas source guarantee from both onshore and offshore, Sinopec said on its news website.

06-20-2019 14:09:41

Sinopec discovers 1.7 billion mt of oil and gas resources

Beijing (JLC), November 29, 2018--Recently, Sinopec Shunbei Oil and Gas Field, located at the hinterland of the Taklimakan Desert in Shah County, Aksu Prefecture, discovered 1.7 billion mt of oil and gas resources, sources from the company said.

11-29-2018 15:23:49

Russia has become China’s largest source of crude import for the fifth straight month

According to the data issued by General Administration of Customs of the PRC, Russia has become China’s largest source of crude import for the fifth straight month in July.

08-25-2017 17:36:33

Pay attention to resources purchased for hedging amid firm PE quotations

In 2017, the profit of hedging was large and played a key role in PE market. The connection between PE spot and futures is becoming closer and closer from 2015.

08-22-2017 17:54:12

Analysis of the news of anti-dumping against styrene resources from South Korea

Recently, the news of anti-dumping against South Korea styrene resources was broadcast in China market. The original words are that some domestic styrene-producing companies submitted the application for anti-dumping against the styrene resources from South Korea,

06-15-2017 16:52:46

Coal may be the biggest power source in Southeast Asia by 2030

With the increasing coal demand, it will surpass natural gas as the biggest power source in Southeast Asia by 2030.

05-24-2017 14:33:08

Resource tax cut for filling mining and resource exhausted mines

The State Administration of Taxation (SAT) and the Ministry of Land and Resources jointly announced to cut resource tax for mineral resources produced via filling mining method and from resource exhausted mines on January 24th, 2017.

02-13-2017 13:49:57

Teapots export policies might be adjusted in 2017 to integrate the resources

“In 2017, China government would halt the direct export quotas of oil products of independent refineries, i.e. teapots.” Foreign media reported.

12-22-2016 11:54:13

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