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China adds another bonded bunker supplier, first in Xiamen: sources

Guangzhou (JLC), February 4, 2024 – Xiamen Kunlun Fuel Oil Co., Ltd. was granted a regional license on January 30 to supply bonded marine fuels in Xiamen, Fujian province, official sources told JLC.

02-04-2024 18:26:53

Shandong independents acquire additional quota on fuel oil imports-market sources

Guangzhou (JLC), November 8, 2023-The Department of Commerce of Shandong Province has just notified local independent refiners about additional quota on about three million mt of fuel oil imports.

11-08-2023 11:54:36

Chinese independents’ crude sources concentrate further in 2022

Guangzhou (JLC), January 19, 2023--Chinese independent refiners cut their crude imports in 2022, and their sources of imported grades concentrated further.

01-19-2023 17:08:33

China issues large quota on oil product exports-market sources

Guangzhou (JLC), September 21, 2022--China has issued large quota on oil product exports, in view of weak domestic demand, according to market sources.

09-21-2022 16:09:16

China imports crude from fewer sources in Aug 2022

Guangzhou (JLC), September 20, 2022--China imported crude from only 20 sources in August 2022, down from 28 in July and 33 in the corresponding month in 2021.

09-20-2022 16:01:36

Share of domestic resources exceeds 70% in bonded bunker market

China’s bonded bunker fuel oil supply was around 8.1 million mt in the first five months of 2022, of which the supply from domestic refineries reached 5.75 million mt, 71% of the total.

06-28-2022 17:11:20

China imports crude from fewer sources in October

Guangzhou (JLC), November 23, 2021-China imported crude from fewer sources in October 2021 when its imports fell to a three-year low.

11-23-2021 15:28:03

China approves tax rebate for general-trade fuel oil export: sources

Guangzhou (JLC), January 10, 2020--China's State Council has approved a long-awaited tax rebate for general-trade fuel oil export, industry sources said late this week.

01-10-2020 16:54:21

Shandong to integrate port resources

Beijing (JLC), August 7, 2019--Shandong Port Group Co., Ltd. was founded recently, as part of Shandong government’s efforts to integrate resources along Shandong coastal ports.

08-08-2019 09:02:38

Russia has become China’s largest source of crude import for the fifth straight month

According to the data issued by General Administration of Customs of the PRC, Russia has become China’s largest source of crude import for the fifth straight month in July.

08-25-2017 17:36:33

Coal may be the biggest power source in Southeast Asia by 2030

With the increasing coal demand, it will surpass natural gas as the biggest power source in Southeast Asia by 2030.

05-24-2017 14:33:08

Teapots export policies might be adjusted in 2017 to integrate the resources

“In 2017, China government would halt the direct export quotas of oil products of independent refineries, i.e. teapots.” Foreign media reported.

12-22-2016 11:54:13

Sinochem, ChemChina to be merged, sources disclose

Sinochem Group and China National Chemical Corporation (ChemChina) are going to be merged into one company, according to a news agency report quoting sources on Friday, which sent their two shares surging.

10-18-2016 09:23:07

China potential oil resources is 30.1 bln mt

China the Ministry of Land and Resources released the dynamic evaluation results of national oil and gas resources in 2015, showing that China had sufficient oil and gas resources.

06-14-2016 15:44:34

Market sources divided on coal market trend

Regarding recent strong pickups in coal producing regions, market players hold different opinions about the future market tendency.

05-17-2016 14:21:54

Coal resource tax reforms remove CNY18.1 bln cost burden for coal sector in 2015

According to the State Administration of Taxation, a total of CNY33.3 billion resource tax was levied on the coal sector in 2015 after the levy shifted to a price-oriented mode, hiking by CNY18.5 billion or 125% on the year, while a total of CNY36.6 billion fee fund was reduced.

01-27-2016 16:08:25

Coal to remain a key source of electricity

Massive usage of coal for electricity generation in emerging countries will offset a replacement of coal by natural gas and renewable energy in the developed economies.

06-25-2015 09:56:43

Guizhou verifies 15 bln mt more coal resources in 2014

In 2014, Guizhou province newly discovered about 15 billion mt of coal resources. In particular, Baotian Package Exploration Zone of Pan county explored 5.48 billion mt of coal in total, newly adding 4.818 billion mt.

02-25-2015 14:49:18

Roundup: New resource tax rates for coal in various regions of China

Various provinces and cities in China initiated to implement the price-oriented resource tax levy from January 1st, 2015.

01-09-2015 14:57:35

Inner Mongolia unveils conversion rate of washed coal for resource tax levy's sake

On January 4th, 2014, the financial and taxation authorities in Inner Mongolia Autonomous Region issued a table of conversion rates for washed coal, which will be used to calculate the amount of resource tax to be paid for the product in the region. It would take effect on December 1st, 2014.

01-08-2015 16:49:07

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