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China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

China INE crude price rises further on optimism about global economy

Guangzhou (JLC), January 18, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) climbed further on Wednesday, because of OPEC’s optimistic forecast for global eco

01-18-2023 18:49:16

China INE crude price plunges on weaker global economy outlook

Guangzhou (JLC), April 20, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated sharply Wednesday, as demand concerns intensified after a downgrade in glo

04-20-2022 18:59:40

China INE crude edges up, still supported by global energy crisis

Guangzhou (JLC), October 12, 2021--The price of crude futures on China’s Shanghai International Energy Exchange (INE) rose slightly on Tuesday, driven by energy shortages in major economies.

10-12-2021 18:53:05

China INE crude jumps on global energy crisis

Guangzhou (JLC), October 8, 2021--The price of crude futures on China's Shanghai International Energy Exchange (INE) jumped in early October, tracking international crude amid a global energy crisis.

10-08-2021 17:43:36

INE crude lower as surging global cases deepen demand fears

The price of crude futures on the Shanghai International Energy Exchange (INE) dropped slightly on Monday, due to negative impact from surging cases worldwide, despite support from China’s economic recovery.

09-28-2020 18:04:07

INE crude crashes with fears about global oil demand

The price of crude futures on the Shanghai International Energy Exchange (INE) tumbled on Wednesday, as BofAS expected a much slower pace of global oil demand recovery.

09-09-2020 19:25:49

INE crude drops as global demand stays weak

The price of crude futures on the Shanghai International Energy Exchange (INE) dropped further on Tuesday, as global oil demand was still weak before major economies reopened their economy, though Saudi Arabia said it would deepen its production cut.

05-12-2020 18:52:01

INE crude slumps on global demand slump, oversupply

The price of crude futures on the Shanghai International Energy Exchange (INE) plunged further on Wednesday as demand slump amid the Covid-19 pandemic resulted in a severe oversupply.

04-23-2020 09:35:48

INE crude slips on worries about global economic growth

Guangzhou (JLC), August 13, 2019--Crude futures prices on the Shanghai International Energy Exchange (INE) platform edged down on Tuesday, because of worries about global economic growth as the trade war between the US and China escalated.

08-13-2019 18:54:48

JLC, Going Global Federation ink strategic cooperation agreement

JLC Network Technology (JLC) and the Going Global Confederation of China Petroleum and Chemical Industry Confederation (CPCIF) recently signed a strategic cooperation agreement。

07-18-2019 11:41:58

COSCO Shipping Lines to introduce new fuel surcharge ahead of global sulfur cap

Beijing (JLC), October 12, 2018--COSCO Shipping Lines plans to impose new bunker surcharges on its customers to cover additional cost associated with the IMO 2020 sulfur cap.

10-12-2018 10:10:45

New blood are expected to be brought in OPEC group to better balance global crude market

On November 14, UAE's Energy Minister Suhail al-Mazroui said some non-OPEC member countries are indeed willing to join OPEC group. And it is not impossible for the OPEC to further "expand its military" at an appropriate time.

11-16-2017 15:37:41

Global political risks were expected to damage the development of oil production

A report issued by BMI Research on August 18th said that global political risks were expected to damage the development trend of crude production and consumption. And this impact would dominate global crude supply and demand until 2022.

08-22-2017 17:30:05

IEA: Global oil oversupply won't be relieved in 2017

IEA said on Wednesday that global oil oversupply will last until the end of 2017. Currently, the endeavor of OPEC to curb output encountered obstruction in the U.S.

06-15-2017 16:14:16

Saudi Arabia and Russia said global crude inventory will decrease in next 3 to 4 months

Background: On June 11th, Russia Energy Minister Novak and the Energy Minister of Saudi Arabia Khalid al-Falih stated on the joint press conference that the inventory may kept decreasing after the oil price moved down.

06-14-2017 17:54:43

Global oil-gas industry is rebounding after hitting the bottom

Oil-gas industry underwent tough development since the international oil price slump in July 2014. Oil-gas companies generally compressed their upstream investment to approach the challenges brought by the oil price slump.

05-24-2017 15:46:46

IEA: Global crude oil price may soar after 2020

IEA said in Beijing on May 18th that the global oil price might soar after 2020 due to the shortage of supply in oil market resulting from the investment slowdown in 2015 and 2016. The above was concluded in IEA 2017 Oil Market Report.

05-24-2017 13:44:17

HNA Group Global acquired 51% stock equity from Clencore with 775,000 dollars

On March 31st, HNA Capital, the subsidiary of HNA Group Global signed the joint venture agreement with Clencore, the trading giant of global bulk commodity. HNA Capital acquired 51% stock enquiry of Clencore’s oil products warehouse logistics business with 775,000 dollars

04-10-2017 18:05:59

Putin: Russia cooperates with OPEC to support global oil prices

On Friday (December 23rd), Russian president Putin said on the year-end press conference that Russia will cut oil output and cooperate with OPEC to support global oil prices.

12-26-2016 15:18:17

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