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PetroChina’s net profit up 8.3% in 2023, hitting record high

Guangzhou (JLC), March 26, 2024--PetroChina’s net profit increased 8.3% year on year to a record high in 2023, because of rising sales of oil products and natural gas.

03-26-2024 15:35:06

Sinopec releases its annual report for 2023

Guangzhou (JLC), March 25, 2024 – Sinopec’s revenue and profit attributable to shareholders both dropped year on year in 2023, although its oil and gas production and refinery throughput grew.

03-25-2024 19:09:02

CNOOC announces its annual results for 2023

Guangzhou (JLC), March 25, 2024 – CNOOC on March 21 announced its 2023 financial statements prepared in accordance with International Financial Reporting Standards (IFRS).

03-25-2024 18:52:02

Imported cargoes play a greater role in Fujian’s 2023 LPG market

Beijing (JLC), March 14, 2024—Imported cargoes have overtaken domestic products as the most-traded LPG in Fujian province in 2023, JLC’s data showed.

03-14-2024 16:44:23

Sinopec’s crude throughput grows 6.29% in 2023: unaudited preview

Guangzhou (JLC), March 6, 2024 – Sinopec processed more crude oil in 2023 than in the previous year, with production of gasoline, diesel, kerosene and light chemical feedstock all growing.

03-06-2024 18:50:02

Xinjiang remains China’s top oil and gas producing region in 2023

Guangzhou (JLC), February 26, 2024 – China’s Xinjiang Uyghur Autonomous Region continued to top the charts of the country’s largest oil and gas producing provinces, regions or municipalities in 2023

02-26-2024 18:53:23

China’s refining sector reaps higher profits in 2023

Guangzhou (JLC), February 21, 2024 – Oil refining profits in China surged last year, while the upstream sector and the chemical sector saw a decline in profits, Sinopec reported on February 21.

02-21-2024 19:05:56

LPG consumption by chemical sector takes a larger proportion in 2023

Beijing (JLC), February 5, 2024--Compared with 2022, the proportion of LPG consumption in the chemical industry rose in 2023, and in turn, that in burning moved down.

02-06-2024 15:30:25

Singapore’s bunker fuel sales hit record high in December 2023

Guangz?hou (JLC), January 30, 2024--Singapore’s bunker fuel sales hit a record high in December 2023, boosted by robust demand.

01-30-2024 19:00:05

China’s bonded bunker fuel sales extend slips in 2023

Gua?ngzhou (JLC), January 25, 2024--China’s bonded bunker fuel sales extended slips in 2023, as shipping demand stayed relatively weak when global economic recovery was slower than expected, also beca

01-25-2024 19:12:03

China’s LPG imports decline in December 2023

Beijing (JLC), January 25, 2024—China’s LPG imports extended drops in December amidst sufficient stockpiles at port against slack downstream demand.

01-25-2024 16:04:31

China’s bonded bunker fuel imports plunge 19.07% in 2023

Guangzhou (JLC), January 24, 2024--China’s bonded bunker fuel imports plunged by 19.07% in 2023, because of high freight rates for imported cargoes and less demand for ?bonded bunker fuel.

01-24-2024 19:13:06

China’s bonded bunker fuel exports rally in December 2023

Guangz?hou (JLC), January 23, 2024--China’s bonded bunker fuel exports rallied in December 2023, because of a relatively low base a month earlier.

01-23-2024 18:58:18

China’s fuel oil imports surge 113% in 2023

Guangzhou (JLC), January 23, 2024--China’s fuel oil imports surged by 113.48% in 2023, according to data from the General Administration of Customs of the PRC (GA?CC).

01-23-2024 18:52:40

China's 2023 apparent consumption of kerosene rebounds strongly

Guangzhou (JLC), January 22, 2024 – China's 2023 apparent consumption of kerosene rebounded strongly, as the aviation sector improved significantly after China lifted COVID-related restrictions.

01-22-2024 19:06:17

China's naphtha imports in 2023 surge to new high

Guangzhou (JLC), January 22, 2024--China's naphtha imports in 2023 set a new high, due to more demand from the chemical sector and limited supply from domestic production.

01-22-2024 19:01:26

China’s jet fuel exports leap 45.29% in 2023

Guangzhou (JLC), January 22, 2024--China's jet fuel exports jumped in 2023, mainly because of a low base a year before and recovering demand after China reopened at the end of 2022.

01-22-2024 18:53:55

Philippines become China’s largest diesel export market in 2023

Guangzhou (JLC), January 22, 2024--The Philippines surpassed Singapore as the biggest diesel export market for China in 2023, according to data from the GACC.

01-22-2024 18:46:02

Russia becomes top crude supplier to China in 2023

Guangzhou (JLC), January 22, 2024--Russia overtook Saudi Arabia as the biggest crude supplier to China in 2023, as discounted grades from the former attracted more interest from Chinese buyers.

01-22-2024 18:30:57

China's gasoline exports slip 2.3% in 2023

Guangzhou (JLC), January 22, 2024--Chinese oil refiners cut their gasoline exports in 2023, because of tight quotas late in the year and bad margins for export.

01-22-2024 17:55:52

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