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China INE crude price slips despite OPEC+ output cut extension

Guangzhou (JLC), December 6, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Friday, despite OPEC+’s decision to postpone the phase-out of its

12-06-2024 19:13:49

Qingdao Petrochemical prioritizes LSFO and petcoke production

Guangzhou (JLC), December 6, 2024 – Sinopec Qingdao Petrochemical has been focusing more on producing low-sulfur fuel oil (LSFO) and high-end petroleum coke since the beginning of this year.

12-06-2024 18:41:13

Domestic fuel prices extend gains in early December

Guangzhou (JLC), December 6, 2024--China’s wholesale gasoline and diesel prices extended gains in early December, as state-owned refiners continued to hike prices after achieving their sales targets i

12-06-2024 17:16:38

Crude stocks at Shandong ports rebound slightly in early December

Guangzhou (JLC), December 6, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded slightly in the week to December 5, as unloading outpaced outbound delivery modestly.

12-06-2024 16:11:20

Shandong independents' November run rates rise for 5 straight months

Guangzhou (JLC), December 6, 2024--Shandong-based independent refiners' operating rates rose for a fifth consecutive month in November because of a unit restart.

12-06-2024 15:33:38

State-owned refinery run rates drop in early December

Beijing (JLC), December 6, 2024--Chinese state-owned oil refineries' run rates fell in the week to December 4 (Wednesday), JLC’s data shows.

12-06-2024 10:09:34

Shandong independents’ feedstock unloading decreases in Nov

Guangzhou (JLC), December 5, 2024--Shandong-based independent refiners reduced their unloading of imported feedstock in November, due to relatively sluggish oil product demand and bad refining margin

12-05-2024 18:58:34

CNOOC starts operation at Jinzhou 23-2 oilfield project

Guangzhou (JLC), December 5, 2024--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Jinzhou 23-2 oilfield development project on December 3.

12-05-2024 18:57:55

Sinopec Zhongke delivers 9,000 mt jet fuel via processing trade

Guangzhou (JLC), December 5, 2024 – Sinopec Zhongke Refinery successfully delivered 9,000 mt of jet fuel to the customs-supervised tanks at Guangzhou Baiyun International Airport on November 20.

12-05-2024 18:33:17

China INE crude price dips on stronger yuan

Guangzhou (JLC), December 5, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged down on Thursday after Chinese yuan strengthened.

12-05-2024 17:21:31

Independents’ crude refining margins rise again

Guangzhou (JLC), December 5, 2024--Shandong-based independents’ crude refining margins rose again in early December, thanks to slipping costs and growing sales revenue.

12-05-2024 14:08:30

China INE crude price rises amid fragile Israel-Hezbollah truce

Guangzhou (JLC), December 4, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased on Wednesday as a fragile ceasefire between Israel and Hezbollah raised

12-04-2024 19:04:12

Shandong independents' run rates up on improving margins

Guangzhou (JLC), December 4, 2024--Shandong independent refiners' operating rates rose modestly in the week to December 4 as refining margins improved further amid strengthening product prices.

12-04-2024 17:57:46

State-owned refineries' run rates edge up in November

Guangzhou (JLC), December 4, 2024--Chinese state-owned oil companies lifted their refinery operating rates in November, as some refineries increased their crude runs after resuming operation.

12-04-2024 17:24:29

Chinese SOEs to lower December crude runs as demand weakens

Guangzhou (JLC), December 3, 2024--Chinese state-owned enterprises plan to cut their crude throughput in December, as fuel demand becomes seasonally weak and their exports drop amid short quotas.

12-03-2024 18:32:28

China INE crude price stable ahead of OPEC+ meeting

Guangzhou (JLC), December 3, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) was stuck on Tuesday as investors took a wait-and-see approach ahead of the OPEC+

12-03-2024 18:29:11

Shandong MTBE prices fall in November

Beijing (JLC), December 3, 2024--Shandong MTBE prices averaged CNY5,384/mt in November, down by CNY140/mt or 2.53% month on month, JLC data indicated.

12-03-2024 16:39:52

Singapore’s bunker fuel sales rebound in October

Guangzhou (JLC), December 2, 2024--Singapore’s bunker fuel sales rebounded sharply in October, bolstered by more ship arrivals.

12-02-2024 18:49:50

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

China INE crude price edges up on better Chinese economic data

Guangzhou (JLC), December 2, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) inched higher on Monday, supported by improving economic data from China.

12-02-2024 18:35:15

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