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China INE crude price dips after US oil product stocks mount

Guangzhou (JLC), June 5, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday, weighed down by a build in the US gasoline and distillate stock

06-05-2025 19:08:30

China’s apparent fuel oil consumption increases in April

Guangzhou (JLC), May 28, 2025--China’s apparent consumption of fuel oil increased month on month in April, because of surging imports, despite higher exports and lower output.

05-28-2025 19:16:53

ZPC pushes ahead with crude oil terminals and storage base project

Guangzhou (JLC), May 26, 2025--Zhejiang Petroleum and Chemical (ZPC) Jintan Logistics Co. is pushing ahead with its crude oil terminals and storage base in Zhoushan, according to official reports.

05-26-2025 18:06:56

Bohai Oilfield to increase oil and gas output to 40 mln mt in 2025

Shandong (JLC), May 23, 2025--CNOOC aimed to raise the oil and natural gas production of its Bohai Oilfield to 40 million mt (mln mt) in 2025, the company announced on May 21.

05-23-2025 15:54:03

China sees first year-on-year rise in fuel oil output in 16 months

Guangzhou (JLC), May 21, 2025--China’s fuel oil output rose year on year in April 2025, the first time since December 2023, according to the data from the National Bureau of Statistics (NBS).

05-21-2025 18:20:22

China’s fuel oil imports tumble in April

Guangz?hou (JLC), May 19, 2025--China recorded a year-on-year plunge in its fuel oil imports in April, as domestic refiners’ buying interest was dampened by higher import costs.

05-19-2025 18:04:02

Yanchang to complete construction of new crude oil tanks by Sept 2025

Guangzhou (JLC), May 15, 2025--Shaanxi Yanchang Petroleum plans to have the construction of its 1.0-million-cubic-meter (cbm) crude oil tank farm completed by September 2025.

05-15-2025 18:03:32

China's oil product exports rebound on year in April

Guangzhou (JLC), May 13, 2025--Chinese oil companies' oil product exports rebounded year on year in April 2025, according to the preliminary data released by the GACC.

05-13-2025 15:25:17

China’s oil-extended SBS imports up but exports down in March

Shandong (JLC), April 29, 2025—In March 2025, China imported 736 mt of oil-extended SBS (40021914), up by 34.96% MoM and 117.18% YoY. While, China’s oil-extended SBS exports were 1,159 mt.

04-29-2025 16:30:45

Liaodong Bay’s oil and gas output sets record high in Q1

Guangzhou (JLC), April 29, 2025--Oilfields in Liaodong Bay of the Bohai Sea produced over 3.20 million mt of oil and gas in the first quarter of this year, hitting a historical high, CN?OOC reported o

04-29-2025 15:34:27

Shenzhen Port Zhoushan Energy Base launches bonded fuel oil storage

Guangzhou (JLC), April 27, 2025--About 8,400 mt of bonded fuel oil, carried by tanker “CHAO YANG 901”, was recently put into the tank farm of Shenzhen Port Group’s Zhoushan Energy Base, marking the st

04-27-2025 18:42:56

China’s fuel oil output drops on year in March

Guangzhou (JLC), April 21, 2025--China’s fuel oil output dropped year on year in March, mainly because of more unit maintenance and PetroChina’s production adjustment.

04-21-2025 19:06:31

China’s fuel oil imports plunge in Q1

Guangzhou (JLC), April 21, 2025--China’s fuel oil imports plunged in the first quarter (Q1) of 2025, as independent refiners’ demand slumped amid a hike in the country’s temporary customs d?uties on i

04-21-2025 16:56:52

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

CNOOC starts up new oilfield

Guangzhou (JLC), April 15, 2025--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Wenchang 9-7 oilfield development project on April 14.

04-15-2025 15:46:29

China INE crude price extends gains after US oil rigs slide

Guangzhou (JLC), April 14, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Monday, supported by a drop in the US oil rig count and a rise

04-14-2025 19:01:04

China's oil product exports tumble in March

Guangzhou (JLC), April 14, 2025--Chinese oil companies' oil product exports tumbled year on year in March 2025, according to the latest data released by the GACC.

04-14-2025 18:28:23

Sinopec Shanghai trials new oil product pipeline with water

Guangzhou (JLC), April 8, 2025--Sinopec Shanghai Petrochemical successfully completed the trial run of a new oil product pipeline with water in late March, laying a solid foundation for the subsequent

04-08-2025 16:04:25

China INE crude price drops on possible Saudi oil price cut

Guangzhou (JLC), March 31, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined further on Monday amid expectations that Saudi Arabia may slash crude price

03-31-2025 19:04:30

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

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