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China oil refining capacity rises, demand short

Beijing (JLC), February 21, 2019--China is facing a severer supply glut of refined oil amid increasing oil refining capacity and short demand, JLC data showed.

02-21-2019 17:40:50

Qinghai Oilfield to explore 25 mln mt of oil and gas reserves in 2019

Beijing (JLC), February 15, 2019--Qinghai Oilfield planned to explore 25 million mt of oil and gas reserves in 2019, China National Petroleum Corporation’s subsidy PetroChina Qinghai Oilfield Company said on February 12.

02-15-2019 19:39:26

China asphalt market buoyant after China’s New Year

Beijing (JLC), February 15, 2019--China’s asphalt market saw uptrend after China’s New Year ending at February 10, JLC data showed.

02-15-2019 19:30:49

2018 China jet fuel export rises amid more output

Beijing (JLC), February 15, 2019--China’s jet fuel export rose rapidly in 2018 following the quickly growing output and its improving quality, JLC data shows.

02-15-2019 18:56:36

Asphalt plant operation status during Feb 1-Feb14

Beijing (JLC), February 15, 2019--China asphalt units’ operating rates varied differently in Shandong, East China and South China during Feb 1-Feb 14, JLC data showed.

02-15-2019 08:41:15

China MTBE exports soars, import plunges in Dec 2018

Beijing (JLC), January 31, 2019--In Dec 2018, China’s MTBE export soared by 4,700 mt or 254.64% to 6,500 mt, while the imports plunged by 3,900 mt or 94.73% to 2,000 mt amid sluggish market trading.

01-31-2019 14:15:37

China imports most crude from Russia for third consecutive time

Beijing (JLC), January 31, 2019--China imported the most crude from Russia in 2018, indicating the third consecutive time for Russia to be the largest crude supplier for China, according to the data the General Administration of Customs published on January 25.

01-31-2019 13:48:24

Mixed aromatics imports inch up in Dec 2018

Beijing (JLC), January 29, 2019--According to data from the General Administration of Customs, China imported 302,900 mt of mixed aromatics in Dec 2018, a month-on-month increase of 7.63% and a year-on-year decline of 82.94%.

01-29-2019 14:04:48

CNOOC to operate 6 new oil & gas projects in 2019

Beijing (JLC), January 25, 2019--China National Offshore Oil Corporation (CNOOC) is expected to have six new oil and gas projects operated in 2019, according to its business strategy and development plan of 2019 issued on January 23, 2019.

01-25-2019 17:06:18

MA import buoyant amid restocking

Beijing (JLC), January 17, 2019--Mixed aromatics （MA） sold well recently thanks to the rebounding international crude oil futures prices and China’s climbing gasoline prices.

01-17-2019 18:08:35

Shandong to ban illegal refined oil

Beijing (JLC), January 17, 2019-- The Shandong government announced on January 15 a notice about banning illegal production, purchase, sale and use of refined oil, to put its refined oil market in order.

01-17-2019 15:07:58

Qingdao Port starts work on second crude oil terminal

Beijing (JLC), January 10, 2019--Qingdao Port, China's largest port for handling inbound crude oil, has started construction on its second 300,000-ton crude oil terminal in its Dongjiakou port area.

01-10-2019 14:10:31

Profits for imported mixed aromatics narrow amid higher cost

Beijing (JLC), January 8, 2019--Profits for imported mixed aromatics narrowed amid higher cost. However, imported mixed aromatics market still showed uptrend supported by upward international crude oil features prices.

01-08-2019 18:56:47

Shandong’s crude imports hit new high in December

Beijing (JLC), December 29, 2018--Shandong’s crude imports hit an all-time high in December, as some independent refiners tried to use up their quotas for this year, so that their quotas for next year won't be negatively impacted.

12-29-2018 17:00:54

First ship of PXB crude arrives in China

Beijing (JLC), December 29, 2018--The MARE TIRRENUM, a crude oil tanker, carrying 45,000 mt of PetroChina Mixed Blend (PXB), arrived at the N0.210 berth of Guangdong Zhanjiang Port on December 21, domestic media reported the other day.

12-29-2018 16:22:32

Hengli Petrochemical’s new integration project comes online

Beijing (JLC), December 27, 2018--Hengli Petrochemical’s 20-million-mt-yr (400,000 bbl/day) refining & chemical integration project came into operation in Northeast China's Dalian city on the morning of December 26, domestic media reported.

12-27-2018 17:40:33

Petrol stations’ profits in China climb

Beijing (JLC), December 26, 2018--Profits of petrol stations in China climbed amid the continuously bearish wholesale market and stable retail prices, JLC data shows.

12-26-2018 18:10:41

Chinese oil majors likely to cut January ex-refinery prices of jet fuel

Beijing (JLC), December 26, 2018--Major refiners are expected to continue to drop jet fuel ex-work prices for January 2019 amid plunging international crude oil futures and rising supply.

12-26-2018 17:36:23

Petrol stations in China to see range-bound margins in near term

Beijing (JLC), December 20, 2018--The wholesale-retail margin of refined oil is expected to see range-bound fluctuations in the future as both the wholesale and retail prices may drop amid a bearish refined oil market, JLC data shows.

12-20-2018 18:15:25

Mixed aromatics market extends downtrend amid bearish news

Beijing (JLC), December 14, 2018--The mixed aromatics market extended downtrend amid less demand and impact from the soaring light cycle oil (LCO) imports though its theoretical profits returned to a positive territory.

12-14-2018 18:23:42

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