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Bohai Oilfield’s oil and gas output hits all-time high in Q1 2025

Guangzhou (JLC), April 15, 2025--CNOOC’s Bohai Oilfield produced over 10 million mt of oil and gas in the first quarter (Q1) of this year, the highest level in about sixty years of the oilfield’s deve

04-15-2025 17:28:06

DES Shandong premiums for ESPO turn positive, first time in 2024

Guangzhou (JLC), September 24, 2024--The DES Shandong premiums for Russian ESPO Blend began to rise in mid-to-late August and turned positive on September 23, which? could mainly be ascribed to increa

09-24-2024 18:24:00

China INE crude price edges down on growing wait-and-see sentiment

Guangzhou (JLC), September 10, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell slightly on Tuesday amid growing wait-and-see sentiment.

09-10-2024 18:59:53

State-owned refineries' June run rates fall for third time in a row

Guangzhou (JLC), July 4, 2024--Chinese state-owned oil companies cut their refinery operating rates for the third straight month in June, as they remained under sales pressure.

07-04-2024 15:44:13

Tarim Oilfield sees shortest drilling time for 8,000-meter well in China

Guangzhou (JLC), May 29, 2024--PetroChina Tarim Oilfield completed the drilling of the Fuyuan 304-H2 well in the 8,322-meter underground layer in 89 days, setting a record for the shortest drilling ti

05-30-2024 17:08:31

Sinopec and PetroChina raise crude runs in March, third time in a row

Guangzhou (JLC), April 9, 2024--Sinopec and PetroChina increased their crude throughput for a third consecutive month in March.

04-09-2024 11:15:12

China INE crude price range-bound on wait-and-see sentiment

Guangzhou (JLC), February 6, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) was little moved on Tuesday, as market participants took a wait-and-see attitude a

02-06-2024 18:51:11

China’s 2023 crude throughput hits all-time high

Guangzhou (JLC), January 17, 2024 – China’s 2023 crude throughput rebounded to a record high, as domestic demand picked up after the country lifted COVID-related restrictions.

01-17-2024 17:11:56

China INE crude price falls amid wait-and-see sentiment

Guangzhou (JLC), January 16, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined on Tuesday amid a wait-and-see sentiment.

01-16-2024 18:52:43

China INE crude price retreats on wait-and-see sentiment

Guangzhou (JLC), November 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) came down on Tuesday when market participants were awaiting the OPEC+ meeting.

11-28-2023 18:47:53

China INE crude price stable on wait-and-see sentiment

Guangzhou (JLC), September 12, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) was largely stable on Tuesday as investors were on the sidelines ahead of the re

09-12-2023 19:22:51

China INE crude price rises for fifth time straight on rosy US economic data

Guangzhou (JLC), July 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) climbed again on Friday as fears of a global recession were eased by better-than-expe

07-28-2023 19:18:17

China INE crude price rises again, fourth time in a row

Guangzhou (JLC), July 27, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) inched higher on Thursday, the fourth time in a row, after China’s industrial profit

07-27-2023 19:48:17

PetroChina delivers WTI Midland in Brent’s market for first time

Guangzhou (JLC), July 21, 2023 – An oil tanker carrying 100,000 mt of WTI Midland crude left the Seabrook Port in the U.S. after finishing loading, embarking on a journey to Europe on July 12.

07-21-2023 18:50:13

Qinzhou port in Guangxi receives fully-loaded VLCC for first time

Guangzhou (JLC), December 23, 2022--Qinzhou port in Guangxi Zhuang Autonomous Region received a fully-loaded very large crude carrier (VLCC) on December 19.

12-23-2022 15:33:01

Crude stocks at Shandong ports slip again, sixth time in a row

Guangzhou (JLC), September 30, 2022--The crude stocks at Shandong ports continued downward in the week to September 29, the sixth decline in a row, according to local port sources.

09-30-2022 17:27:24

Sinopec cuts Shengli crude price for Sept, third time in a row

Guangzhou (JLC), September 26, 2022--Sinopec cut its Shengli crude price in September 2022, the third time in a row, tracking drops in international crude prices, according to refiner sources in Shand

09-26-2022 19:12:53

PetroChina buys Canada crude for Guangxi Petchem for first time

Guangzhou (JLC), May 16, 2022—A tanker carrying Canadian Cold Lake crude arrived at PetroChina Guangxi Petrochemical's crude terminal late on May 11, which was the first cargo of Canadian crude that P

05-16-2022 18:56:12

China's dependence on imported crude drops for first time in 20 years

Guangzhou (JLC), February 21, 2022--China's dependence on imported crude declined in 2021, the first time in 20 years, as its imports dropped while its crude throughput grew significantly.

02-21-2022 15:35:08

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