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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

Sinopec's H1 crude oil output down 1.36%

Beijing (JLC), July 30, 2019--China Petrochemical Corporation (Sinopec) said in a statement late on Monday that its crude oil production in the first half (H1) of 2019 fell 1.36% from the same period a year earlier to 142 million barrels.

07-30-2019 10:18:22

China's crude oil output edges up in Q1 2019

Beijing (JLC), April 22, 2019--China's crude oil output edged up 0.6% year-on-year to 47.35 million mt in the first quarter of 2019, data from China's National Bureau of Statistics (NBS) showed.

04-22-2019 14:35:36

Tianjin Shihua Crude Terminal has unloaded over 100 million mt of crude oil

Tianjin Port Shihua Crude Oil Terminal has been safely unloading 734 large oil carriers with a total of 111 million mt of imported crude oil by October 30, 2018 since it set up ten year ago.

11-14-2018 11:05:31

Shandong encourages to build crude oil terminals and depots

In the coming year, the storage capacity of Shandong coastal ports will further expand to meet the increasing demand of independent refineries.

08-17-2018 15:33:19

China crude oil demand to hike over the next few months

Given the growth of China crude oil imports in July, turnarounds ending of Chinese independent refineries and newly-built units scheduled to operate, China crude oil demand in the next few months of 2018 would pick up slightly, JLC data shows.

08-15-2018 18:44:33

China imported gas, crude oil run see rapid growth in Q1

China saw rapid growth in imported natural gas and crude oil processing volume in the first quarter of 2018.

04-19-2018 15:33:51

China crude oil imports rise 10% in 2017

According to the data released by the National Bureau of Statistics of PRC on March 19, China’s crude oil and natural gas production saw drop and rise respectively in 2017. During the same period, both of them imports kept rising rapidly.

03-22-2018 10:47:46

China crude oil output slides but gas output rises in Jan and Feb

In January and February, China crude oil output decline shrank, and imports and processing volume rose rapidly, according to the energy production status from National Bureau of Statistics released on March 14.

03-20-2018 15:00:10

Two independent refineries in Zibo gained rights to use imported crude oil

Shandong Qingyishan Petrochemical & Technology Co., Ltd. and Zibo Xintai Petrochemical Co., Ltd., two independent refineries in Zibo of Shandong, met relevant stipulates and requirements and were initially be allocated rights to use 3,000 mt and 2,000 mt imported crude oil in 2017, respectively.

06-21-2017 14:20:34

China CITIC plans to acquire Myanmar Kyaukpyu Port to transport crude oil

It's reported that China SOE CITIC is preparing for negotiating with Myanmar for acquiring 70%-85% shares of Kyaukpyu Port, located in Ramree Island of Rakhine State in Bengal Bay, which is estimated to be $7.3 billion.

05-18-2017 17:26:47

A surge of China crude oil import reflects the oil product export increase

In March China crude oil imports went up sharply by 22.6% over February to 38.95 million mt, about 9.17 million barrels per day which was far higher than the previous historical record high 8.57 million barrels per day in December 2016.

04-20-2017 17:11:39

CSRC: China will launch the crude oil futures in 2017

According to China Securities Regulatory Commission (CSRC) website, the vice-chairman of CSRC Fang Xinghai said in an interview that, he was put in charge of futures market, and meanwhile he hoped to launch the crude oil futures this year.

04-17-2017 15:53:48

Processing profits of Oman crude oil of Shandong teapots rose to CNY236/mt

The transaction price of light marine crude (density: 0.88-0.90) at Shandong market was CNY3,700/mt and the theoretical processing light marine crude profits of teapots were CNY–95/mt, increasing by CNY136/mt WoW.

04-12-2017 08:42:43

Sinopec starts operation of 20 mln mt/yr crude oil pipeline in China

Sinopec starts operation of 20 Mt/year crude oil pipeline in China

03-22-2017 10:18:44

Dongming Petrochemical and China CEFC Energy to build crude oil terminal in Shandong

The largest independent refinery Dongming Petrochemical in China and China CEFC Energy signed an agreement on building a crude oil terminal in Shandong with local harbor authority,

03-06-2017 14:35:23

Crude oil moved upwards with Iran’s support

On September 19th, Iran’s president showed that they agree to keep the oil prices stable, and the crude oil prices moved upwards with fluctuations.

09-19-2016 17:32:29

The profit of gas station shrunk after the crude oil declined for the fourth time

Recently, crude oil achieved its fourth rise and the market was supported by the momentum of freezing production expectation and weak dollars.

08-18-2016 14:54:23

Frequent price change of Shandong teapots amid undulated International crude oil price

In Early August, international crude oil raised to $43-46/bbl, and according to JYD, up to August 12th, the sixth working day, the change rate of reference crude oil was 1.74%.

08-16-2016 10:44:58

China's crude oil output drops in H1

China's crude oil output dropped 4.8 percent year on year to 100.45 million tonnes in H1, according to the National Development and Reform Commission (NDRC).

07-26-2016 10:01:15

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