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Shandong-based independents’ refining margins surge rapidly

Guangzhou (JLC), January 11, 2023--Shandong-based independents found soaring refining margins for imported crude this week, as import costs fell back while most product prices ticked higher.

01-11-2023 19:15:26

China INE crude slides as rapidly spreading Omicron dims demand outlook

Guangzhou (JLC), December 20, 2021--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated Monday, amid fears that new restrictions against the spread of the Omicron variant may hit oil demand.

12-20-2021 19:38:03

INE crude still depressed by rapidly spreading Delta variant

Guangzhou (JLC), August 4, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) fell further on Wednesday on mounting concerns that the rapid spread of the Delta variant in top consuming countries will cap fuel demand.

08-04-2021 19:20:46

INE crude rises on bullish API inventory data

The price of crude futures on the Shanghai International Energy Exchange (INE) rallied further on Wednesday, on the back of bullish inventory data from the API and OPEC’s adherence to its promised quotas.

02-03-2021 18:58:05

INE crude?rallies after API reports major crude inventory draw

The price of crude futures on the Shanghai International Energy Exchange (INE) rebounded on Wednesday, due to a surprise crude inventory draw in the US, despite negative impact from virus-related lockdowns.

01-13-2021 19:18:13

Shandong independents receive more Sapinhoa

Shandong-based independent refiners and traders were scheduled to receive more Sapinhoa from Brazil in December 1-25.

12-25-2020 15:49:55

CNOOC to lower capital expenditure and output target

Beijing (JLC), March 26, 2020--China National Offshore Oil Corporation (CNOOC) will lower capital expenditure and output target for 2020, according to its 2019 phone performance meeting on March 25. The company has yet to release specific details.

03-26-2020 17:38:15

Supply gap expected for fuel ethanol despite rapid capacity expansion

Beijing (JLC), June 24, 2019--China is expected to see a supply gap for fuel ethanol with its deadline for nationwide use of ethanol gasoline pending, though new ethanol projects have developed rapidly.

06-24-2019 11:12:59

China’s gas, crude imports grow rapidly in January-February

Beijing (JLC), April 19, 2019--From January to February, China imported 81.83 million mt of crude, up 12.2% year on year; the import for natural gas was 24.15 billion cbm, up 18.1%, according to the data from the General Administration of Customs of the PRC.

04-19-2019 08:50:54

China jet fuel demand to grow rapidly in 2019

Chinese demand for jet fuel will continue to grow rapidly by 11% year on year in 2019, JLC data shows.

01-31-2019 09:54:22

Gas sales grow rapidly in Guizhou

As of late May, Sino-Myanmar and Zhongwei-Guizhou natural gas pipelines have delivered more than 2 billion cbm of natural gas to Guizhou Province, reaching 2.054 billion cbm, and the proportion of natural gas in primary energy in Guizhou Province has increased to 1.7% with rapid growth.

05-29-2018 10:06:02

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

Ethane cracking projects are being developed rapidly

On November 9th, under joint witness of Xi Jinping, President of People’s Republic of China and Donald Trump, President of the United States, Nanshan Group signed contract with American Ethane Company about importing ethane from US, the first contract about China importing ethane from the US.

11-21-2017 17:58:57

API: US crude inventory cut scale was greater than expected last week

Report issued by API on August 15th (Tuesday) said that US crude inventory cut scale was larger than expected last week and gasoline inventory increased unexpectedly, while refined oil inventory recorded decrease.

08-17-2017 11:27:47

Oil closing price rose due to recovering and USD depreciation, but dived after API release

On June 27th (Tuesday), the oil closing price rose due to the recovering operations of investors and USD depreciation.

06-28-2017 14:48:35

API: U.S. output declined & import climbed last week

API said on Tuesday (June 13th) that the U.S. crude oil inventory increased last week due to the refineries’ output declining and imports climbing. Gasoline inventory went up, but distillate inventory moved down.

06-14-2017 17:55:28

API crude inventory declined less than expected; the oil closing price dropped

On April 18th (Tuesday), API data showed that the U.S. crude oil inventory dropped less than expected last week and gasoline inventory hiked unexpectedly.

04-19-2017 11:47:58

API inventory declined and the oil closing price kept rising

On April 11th (Tuesday), as U.S. crude oil inventory declined accidentally last week (according to the latest API inventory statistics), Saudi Arabia suggested extending the production cut agreement for six months to the officials of OPEC member countries, which injected power for oil price rising.

04-13-2017 16:47:30

Surging API crude oil inventory thickened the concerns over oversupply

On Tuesday (March 21st), the market refocused on the fundamentals after digested the news that OPEC may prolong the production cut. The increasing API crude oil inventory last week thickened the concerns in the market and the oil closing price kept declining although the sluggish

03-22-2017 16:46:33

LPG price grows rapidly

Although residential gas demand in northern China decreased in winter, LPG price grew significantly in recent days.

12-20-2016 16:00:49

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