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China to cut reserve requirement ratio, policy rate

Guangzhou (JLC), May 7, 2025--China's central bank on Wednesday announced a package of measures to further implement the moderately loose monetary policy and promote the high-quality development of th

05-07-2025 14:09:48

Sinopec discovers over 140 mln mt of shale oil reserves

?Guangzhou (JLC), March 26, 2025--Sinopec discovered over 140 million mt of shale oil reserves in the Xinxing Oilfield in the Shengli Jiyang Shale Oil National Demonstration Zone on March 22, with the

03-26-2025 19:04:44

PetroChina founds commercial oil reserve company, followed by CNOOC

Guangzhou (JLC), February 26, 2025--PetroChina established a commercial oil reserve company on February 11, while CNOOC followed suit on February 19, according to Tianyancha.

02-26-2025 19:05:37

Proven reserves of Fuling shale gas field exceed 1 trillion cubic meters

Beijing (JLC), December 16, 2024--Fuling gas field became Sinopec’s first shale gas field to have proven gas reserves of over 1 trillion cubic meters.

12-16-2024 16:25:30

Sinopec begins building commercial oil reserve project in Dongying

Guangzhou (JLC), December 2, 2024 – Sinopec Shengli Oilfield Company on November 29 began the construction of a large-scale commercial oil reserve facility in Dongying.

12-02-2024 18:45:05

CNOOC discovers large oilfield with proven reserve of 102 mln mt

Guangzhou (JLC), March 11, 2024 – CNOOC discovered China’s first deep-water and deep-play large oilfield in the South China Sea, the company announced on March 8.

03-11-2024 19:08:46

Sinopec discovers new shale oil and gas reserve in Sichuan Basin

Guangzhou (JLC), January 11, 2024 – Sinopec has discovered more than 100 million mt of new oil and gas reserve in the Sichuan Basin.

01-11-2024 18:57:53

China INE crude price rises again after China cuts reserve ratio

Guangzhou (JLC), September 15, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Friday after China announced a cut in the reserve requirement

09-15-2023 18:10:31

Sinopec unveils new gas reserves in Sichuan Basin

Guangzhou (JLC), August 22, 2023 – Sinopec has added another 30.55 billion cubic meters (bcm) of proven geological reserves to its gas assets, the company said on August 22.

08-22-2023 17:53:02

Xinjiang and Sichuan top China’s oil and gas reserves in 2022 respectively

Guangzhou (JLC), August 1, 2023 -- China’s total oil reserves (not including shale oil and oil sands) stood at roughly 3.8 billion mt in 2022.

08-01-2023 18:06:44

China INE crude price edges up on warning against misusing oil reserves

Guangzhou (JLC), October 26, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) inched higher on Wednesday, after Saudi Arabia warned about some countries’ misuse

10-26-2022 19:07:20

Sinopec discovers shale gas reserves in Sichuan

Beijing (JLC), October 19, 2022--Sinopec has discovered shale gas reserves in Southwest China's Sichuan Basin with a confirmed volume of 387.8 bcm and potential daily output of 258,600 cubic meters.

10-19-2022 18:04:48

China INE crude price plummets after IEA agrees to release oil reserves

Guangzhou (JLC), April 7, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) plunged Thursday, after the International Energy Agency (IEA) announced a huge oil re

04-07-2022 18:53:36

Caofan LNG peak shaving reserve center gains ground

Beijing (JLC), March 23, 2022--China Railway 18th Bureau Group finished the main body construction of the storage tank of Jinan Caofan LNG peak shaving reserve phase II project, a market source said.

03-23-2022 16:04:45

China may release another batch of crude reserves soon

Guangzhou (JLC), November 23, 2021--China may release a second batch of crude reserves in the near term, in view of high crude and bulk commodity prices, according to market sources.

11-23-2021 20:59:58

China to release gasoline, diesel reserves to ease tightness

Beijing (JLC), November 2, 2021--China will unleash gasoline and diesel reserves to mitigate domestic supply tightness, the National Food and Strategic Reserves Administration said on October 31.

11-02-2021 13:30:57

Shandong’s largest inland LNG reserve center comes online

Beijing (JLC), September 28, 2021--China’s eastern Shandong province launched Nancaofan LNG peak shaving reserve center in its provincial capital Jinan last Sunday, the largest kind in inland Shandong.

09-28-2021 14:30:38

China to release another batch of crude reserves

Guangzhou (JLC), September 24, 2021--China will release a second batch of crude reserves in the near term, after an auction for the first batch took place on September 24, according to market sources.

09-24-2021 15:00:48

Towngas to launch new LNG reserve center in Shandong’s Weifang

Beijing (JLC), September 22, 2021--Weifang Towngas Co., Ltd. recently said that the company is expected to launch its Binhai LNG peak-shaving reserve center in Weifang city of eastern China’s Shandong province in October.

09-22-2021 17:42:20

China to release crude reserves by auction on Sept 24

Beijing (JLC), September 15, 2021--China is going to release the first batch of crude from bonded tankers, 7,383,616.78 bbl (about one mln mt)

09-15-2021 17:12:55

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