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China INE crude price slips again after rate hikes in Europe

Guangzhou (JLC), February 3, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) fell further Friday on continued large interest rate hikes by European Central Ban

02-03-2023 19:19:44

China’s fuel prices still rise on average after holiday

Guangzhou (JLC), February 3, 2023--China’s fuel prices still rose on average after the Chinese New Year holiday, as a result of a further increase in gasoline demand and an expected hike in the countr

02-03-2023 19:06:13

China to raise fuel ceilings on February 4

Guangzhou (JLC), February 3, 2023--China will mark up the price ceilings of gasoline and diesel on February 4, 2023, due to rises in international crude prices in the previous 10 working days.

02-03-2023 18:23:07

Shandong independents’ run rates extend gains in Jan on recovering demand

Guangzhou (JLC), February 3, 2023--Shandong-based independent refiners’ operating rates edged up in January, because of recovering fuel demand and improving refining margins.

02-03-2023 17:13:10

State-owned oil companies’ refinery run rates remain stable after holiday

Guangzhou (JLC), February 2, 2023--State-owned oil companies kept their refinery run rates stable after the public holiday in late January, when no refineries came back online or offline.

02-02-2023 23:40:16

China INE crude price slips on stronger yuan

Guangzhou (JLC), February 2, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) continued to fall on Thursday after an appreciation in Chinese currency.

02-02-2023 20:16:08

Crude stocks at Shandong ports drop on faster consumption

Guangzhou (JLC), February 2, 2023--The crude stocks at Shandong ports dropped in the two weeks to February 2, as local refiners’ consumption grew and they delivered more feedstock out of local ports.

02-02-2023 20:14:30

Shandong independents to expand crude imports in Feb

Guangzhou (JLC), February 2, 2023--Shandong-based independent refiners are likely to boost their crude imports in February, encouraged by growing oil product demand and China’s release of the first tw

02-02-2023 19:03:03

State-owned oil companies lower January refinery run rates modestly

Guangzhou (JLC), February 2, 2023--Chinese state-owned oil companies lowered their refinery operating rates in January 2022 when domestic diesel demand was seasonally weak around the Chinese New Year.

02-02-2023 18:41:54

China’s apparent kerosene consumption drops faster in 2022

Guangzhou (JLC), February 2, 2023--China’s apparent kerosene consumption descended faster in 2022, when domestic kerosene demand took a greater hit from the virus.

02-02-2023 18:14:45

China sees much higher growth in 2022 apparent diesel consumption

Guangzhou (JLC), February 2, 2023--China recorded a higher increase in its apparent diesel consumption for 2022, as Chinese refiners continued to boost their diesel production on a lesson learned from

02-02-2023 18:13:48

China’s apparent gasoline consumption falls 5.4% in 2022

Guangzhou (JLC), February 2, 2023--China’s apparent consumption of gasoline dropped by 5.4% year on year in 2022, as domestic demand was hit hard by frequent outbreaks of Omicron.

02-02-2023 18:12:34

China INE crude price edges down on US crude inventory builds

Guangzhou (JLC), February 1, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) fell slightly on Wednesday after reports of large US crude and product inventory b

02-01-2023 19:45:51

China records slower rise in fuel oil output in 2022

Guangzhou (JLC), February 1, 2023--China recorded a slower rise in its fuel oil output last year when domestic demand was strongly curbed by Omicron, also because some refineries gave priority to dies

02-01-2023 19:23:59

Shandong-based independents’ refining margins surge faster

Guangzhou (JLC), February 1, 2023--Shandong-based independents’ refining margins for imported crude surged much faster this week, because of a further rise in downstream product prices and a reduction

02-01-2023 19:23:04

Shandong independents raise run rates on recovering demand

Guangzhou (JLC), February 1, 2023--Shandong-based independent refiners raised their run rates in late January and the beginning of February.

02-01-2023 19:19:19

China INE crude price slips further on worries about rate hikes

Guangzhou (JLC), January 31, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) extended drops on Wednesday amid the prospect of interest rate hikes by Western ce

01-31-2023 19:21:16

China’s MTBE exports soar in Dec

Guangzhou (JLC), January 31, 2023--China’s MTBE exports soared sharply in December 2022, as domestic supply increased while domestic demand stayed lackluster.

01-31-2023 16:40:55

China’s diesel output surges 17.9% in 2022

Guangzhou (JLC), January 31, 2023--China’s diesel production soared 17.9% year on year in 2022, because of improving market fundamentals over the past year and much higher exports in the last few mont

01-31-2023 16:35:39

China cuts 2022 gasoline output on weak demand

Guangzhou (JLC), January 31, 2023--China reduced its gasoline production in 2022, as domestic demand was hit hard by rampant Omicron and strict epidemic control measures that wasn’t lifted until Decem

01-31-2023 16:33:51

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