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China INE crude price slips as OPEC+ may raise output further

Guangzhou (JLC), September 30, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Tuesday amid expectations of a further production increase by OPEC+

09-30-2025 18:30:57

CNOOC makes major oil and gas discovery in Bohai Bay Basin

Guangzhou (JLC), September 30, 2025--CNOOC successfully drilled a high-yield well in the Paleogene lithologic reservoir of the Liaozhong Sag on September 29.

09-30-2025 13:55:01

China’s MTBE exports remain high in August

Beijing (JLC), September 25, 2025--China exported 461,600 mt of MTBE in August 2025, up 0.53% month on month and 92.00% year on year, according to data from GACC.

09-25-2025 17:36:46

State-owned refinery run rates dip on maintenance

Guangzhou (JLC), September 25, 2025--Chinese state-owned oil refineries' run rates retreated in the week ending September 24 (Wednesday) due to unit maintenance.

09-25-2025 14:54:35

Independents see lower crude refining margins in late Sept

Guangzhou (JLC), September 25, 2025--Shandong-based independent refiners saw lower refining margins for imported crude in late September, as their sales revenue continued to decrease.

09-25-2025 13:45:55

China's August fuel oil output rallies on less maintenance

Guangzhou (JLC), September 24, 2025--China's fuel oil output rallied in August, mainly because of less unit maintenance.

09-24-2025 16:44:01

Crude imports via Maoming SPM terminal hit new high

Guangzhou (JLC), September 19, 2025--So far in 2025, crude imports via a single point mooring (SPM) terminal at Maoming Port have exceeded 12 million mt, setting a historical high.

09-19-2025 18:55:34

Independents' refining margins for imported crude retreat

Guangzhou (JLC), September 18, 2025--Shandong-based independents' refining margins for imported crude retreated in mid-September, due to a rally in crude costs, despite slightly higher sales revenue.

09-18-2025 11:07:07

PetroChina Guangdong hits 50-mln-mt mark in crude runs

Guangzhou (JLC), September 17, 2025--PetroChina Guangdong Petrochemical has processed more than 50 million mt of crude oil since it began operation in early 2023.

09-17-2025 18:29:45

Independents' crude refining margins surge amid lower costs

Guangzhou (JLC), September 11, 2025--Shandong-based independents' refining margins for imported crude surged in the week ending September 10, because of falling crude costs, despite slightly lower sal

09-11-2025 16:47:22

Independents see lower crude refining margins in early Sept

Guangzhou (JLC), September 3, 2025--Shandong-based independent refiners saw a further decline in their crude refining margins in early September, because of lower sales revenue and slightly higher cr

09-03-2025 18:52:08

China's offshore heavy oil output from thermal recovery exceeds 5 mln mt

Guangzhou (JLC), September 2, 2025--China's cumulative output of offshore heavy oil thermal recovery has exceeded 5.00 million mt, becoming the world's first country to achieve large-scale thermal re

09-02-2025 18:45:43

What Hainan Free Trade Port may mean to China’s oil market

Guangzhou (JLC), August 30, 2025--Hainan in southern China will become an enclosed customs-controlled area as from December 18, 2025, amid China’s efforts to open up further to the world.

08-30-2025 18:18:38

Independents' crude refining margins retreat in late Aug

Guangzhou (JLC), August 28, 2025--Shandong-based independents' refining margins for imported crude retreated in late August, due to a rally in crude costs and a decline in sales revenue.

08-28-2025 11:38:28

Shandong MTBE price slips on soft demand

Shandong (JLC), August 27, 2025-- In August, MTBE prices in Shandong initially strengthened amid tighter supply but later retreated to new lows as downstream demand weakened.

08-27-2025 17:39:16

Independents' crude refining margins continue to improve

Guangzhou (JLC), August 21, 2025--Shandong-based independents' crude refining margins continued to improve in the week to August 20, as crude costs lost more than oil product prices.

08-21-2025 16:57:24

State-owned refinery run rates edge down on more maintenance

Guangzhou (JLC), August 21, 2025--Chinese state-owned oil refineries' run rates fell slightly in the week ending August 20 (Wednesday), after two more refineries started maintenance.

08-21-2025 14:33:32

China records much lower crude imports from Malaysia in July

Guangzhou (JLC), August 20, 2025--China tallied a plunge in its crude imports from Malaysia in July 2025, according to data from the General Administration of Customs of the PRC (GACC).

08-20-2025 13:57:14

Independents' refining margins for imported crude surge

Guangzhou (JLC), August 14, 2025--Shandong-based independents' refining margins for imported crude surged in mid-August, because of a sharp fall in crude costs, despite a moderate slip in their sales

08-14-2025 14:57:52

Imported LPG margins at ports improve in early August

Beijing (JLC), August 13, 2025--Imported LPG margins for traders at China’s ports moved up in early August amid weaker costs.

08-13-2025 17:25:05

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