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China INE crude price slips after US oil rig count rises

Guangzhou (JLC), March 27, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Monday, after the US oil rig count increased.

03-27-2023 18:49:40

PetroChina Huabei Petchem starts up new crude unloading project

Guangzhou (JLC), March 27, 2023--PetroChina Huabei Petrochemical in Hebei province started operating a 1.50 mln mt/yr train unloading project for crude oil on March 25, the company said.

03-27-2023 18:03:16

NORINCO and Aramco to start building JV project in Q2 2023

Guangzhou (JLC), March 27, 2023--China North Industries Group Corporation (NORINCO) and Saudi Aramco are expected to start building their joint-venture refinery in Northeast China in Q2 2023.

03-27-2023 16:48:04

China INE crude price inches higher on strong US jobs data

Guangzhou (JLC), March 24, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged up on Friday, as encouraging US employment data counteracted a possible oversu

03-24-2023 18:26:58

PetroChina Guangdong Petrochemical ramps up crude runs

Guangzhou (JLC), March 24, 2023--PetroChina Guangdong Petrochemical has ramped up the crude runs at its new Jieyang refinery this year, particularly since it started operating the other CDU.

03-24-2023 16:18:20

Shandong independents to boost crude imports in March

Guangzhou (JLC), March 24, 2023--Shandong-based independents are likely to boost their crude imports in March, because of recovering domestic fuel demand and the unloading of some delayed cargoes.

03-24-2023 10:14:04

State-owned oil refinery run rates extend drops on maintenance

Guangzhou (JLC), March 23, 2023--State-owned oil companies cut their refinery run rates further in the week to March 22 (Wednesday), due to refinery maintenance.

03-23-2023 21:50:00

China INE crude price rises further after large US product stock draw

Guangzhou (JLC), March 23, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to climb on Thursday, after reports of a large drawdown in the US product

03-23-2023 19:06:33

Crude stocks at Shandong ports rally on more cargoes

Guangzhou (JLC), March 23, 2023--The crude stocks at Shandong ports rebounded in the week to March 23, as more cargoes were unloaded and local independent refiners’ consumption slowed down further.

03-23-2023 15:55:52

Shandong independents’ run rates extend drops on maintenance

Guangzhou (JLC), March 22, 2023--Shandong-based independent refiners’ operating rates extended drops in the week to March 22, due to maintenance that began earlier this month and tight feedstock.

03-22-2023 19:19:13

China INE crude price rallies as Russia plans to extend output cut

Guangzhou (JLC), March 22, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Wednesday, after Russia announced that it will extend its output cut th

03-22-2023 18:45:03

Independents’ refining margins for imported crude jump to 15-month high

Guangzhou (JLC), March 22, 2023--Shandong-based independents’ refining margins for imported crude extended surges and exceeded the mark of CNY1,000/mt this week, as import costs continued to decrease

03-22-2023 18:07:58

China’s crude imports to surge in March

Guangzhou (JLC), March 22, 2023--China's crude imports are likely to soar in March 2023, mainly due to delayed customs declaration of some cargoes and recovering fuel demand.

03-22-2023 11:51:36

China INE crude price continues falling

Guangzhou (JLC), March 21, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to drop on Tuesday, after reports of a lower-than-expected drop in Russia’

03-21-2023 18:45:36

China boosts crude imports from Russia sharply in Jan-Feb 2023

Guangzhou (JLC), March 20, 2023 –China boosted its crude imports from Russia sharply in the first two months of 2023, which was ascribed to discounts on Russian grades.

03-20-2023 18:47:07

China INE crude price drops further on stronger yuan

Guangzhou (JLC), March 20, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended drops on Monday, because of stronger Chinese yuan and lingering concerns ov

03-20-2023 18:45:02

China INE crude price slips further after ECB rate hike

Guangzhou (JLC), March 17, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended drops on Friday, after a rate hike by the European Central Bank (ECB).

03-17-2023 18:22:43

Crude stocks at Shandong ports slip on fewer cargoes

Guangzhou (JLC), March 17, 2023--The crude stocks at Shandong ports extended drops in the week to March 16, as fewer cargoes were unloaded, though local independent refiners’ consumption slowed down.

03-17-2023 13:48:48

Shandong independents’ crude imports surge 40.81% in H1 Mar

Guangzhou (JLC), March 17, 2023--Shandong-based independents’ crude imports have surged by 40.81% year on year so far this month, due to the arrival of some delayed shipments and a rise in independent

03-17-2023 10:11:58

State-owned oil refinery run rates slip on maintenance in mid-Mar

Guangzhou (JLC), March 16, 2023--State-owned oil companies cut their refinery run rates in the week to March 15 (Wednesday), due to refinery maintenance.

03-16-2023 19:09:30

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