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China INE crude price remains elevated

Guangzhou (JLC), January 14, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday, still supported by the latest round of US sanctions

01-14-2025 18:50:01

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China sees private-owned carrier complete carbon-neutral commercial flight using SAF

Beijing (JLC), November 11, 2024--On October 26, Juneyao Air completed a carbon-neutral flight with its HO1883 from Shanghai to Shenzhen, making itself China’s first private-owned airline to reach thi

11-11-2024 15:03:59

China’s oil product exports to stay elevated beyond October

?Guangzhou (JLC), October 17, 2022--China’s oil product exports will stay elevated during November-December and even January 2023, due to the release of this year’s fifth batch of quotas.

10-17-2022 16:11:25

Private ZPC to build Zhoushan-Ningbo-Shaoxing oil product pipeline

Guangzhou (JLC), June 13, 2022--Private Zhejiang Petroleum and Chemical (ZPC) plans to construct an oil product pipeline connecting Zhoushan, Ningbo and Shaoxing as a supporting project for its 800,00

06-13-2022 16:55:26

NDRC issues guidance on energy conservation, industrial upgrade

Guangzhou (JLC), February 14, 2022--China’s National Development and Reform Commission (NDRC) has issued the 2022 edition of the Implementation Guidance on Energy Conservation, Emission Reduction and

02-14-2022 15:17:43

Private ZPC acquires quotas on 12 mln mt of crude imports

Guangzhou (JLC), October 25, 2021--Private Zhejiang Petroleum and Chemical (ZPC) has additional obtained quotas on 12 mln mt of crude imports for its phase-II refining-chemical projects, according to a notice released by China’s Ministry of Commerce on October 25.

10-25-2021 16:22:21

China's private refiner Hebei Xinhai to add new CDU

Beijing (JLC), December 16, 2020--China’s private refiner Xinhai Group in northern Hebei province expects to add a new crude distillation unit (CDU) in the second half of 2021, according to a refinery source.

12-16-2020 17:47:50

South China records first export of gasoline from private firm

Guangdong province in south China has recorded the first deal of gasoline export from a private company, according to the country's General Administration of Customs (GAC).

12-15-2020 16:32:30

China's private ZPC begins oil product export

China's private refiner Zhejiang Petroleum and Chemical (ZPC) has started oil product export, becoming China's first private refining-chemical enterprise that has launched the export.

12-08-2020 16:39:34

Private ZPC to get reallocated quotas for oil product export

China's private Zhejiang Petroleum and Chemical (ZPC) will get reallocated quotas together with state-owned North Huajin Chemical Industries Group for refined oil (gasoline, diesel and jet fuel) export before the end of the year, according to market sources.

11-08-2020 15:06:56

Ningbo supplies first batch of fuel oil under VAT refund

Ningbo's first batch of bonded low-sulfur fuel, amounting to 4,000 mt, was filled into the ship tanks on April 17, while Ningbo customs supervised.

04-21-2020 16:02:06

Private gasoline, diesel stocks fall in March’s first half

Beijing (JLC), March 17, 2020--Commercial gasoline and diesel inventories held by private wholesalers across China declined in the first half of March 2020.

03-17-2020 10:44:38

Dalian records first fuel oil deal with VAT refund

Guangzhou (JLC), February 14, 2020--Dalian customs in northeast China has recently recorded a bonded fuel oil deal with the refund of the value-added tax (VAT), the first one enjoying the refund in China, the customs announced.

02-14-2020 16:43:24

Private gasoline, diesel stocks rise in January's second half

Beijing (JLC), February 5, 2020--Commercial gasoline and diesel inventories held by private wholesalers across China increased in the second half of January 2020.

02-05-2020 17:38:45

China to refund VAT on fuel oil supplied to intl. ships

Guangzhou (JLC), January 22, 2020--China will refund the value-added tax (VAT) on fuel oil supplied to international ships at Chinese ports as from February 1, 2020, according to an official announcement released on January 21.

01-22-2020 18:14:36

China to grant full refund of VAT on bonded fuel oil

Guangzhou (JLC), January 19, 2020--China has basically decided to grant a full refund of the value-added tax (VAT) on fuel oil to be delivered to bonded tanks, an industry source said.

01-19-2020 11:10:55

China to open up refined oil export to private firms

Guangzhou (JLC), December 24, 2019--China will encourage eligible private firms to participate in crude import and refined oil export, according to an official document released on Sunday.

12-24-2019 11:40:47

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