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China INE crude price retreats after Israel, Hamas agree to ceasefire

Guangzhou (JLC), January 17, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday after Israel and Hamas agreed to a ceasefire.

01-17-2025 18:56:55

Crude stocks at Shandong ports extend drops in mid-January

Guangzhou (JLC), January 17, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports declined modestly in the week to January 16, 2025, when unloading was still relatively low.

01-17-2025 14:51:20

China's crude runs drop 1.6% in 2024

Guangzhou (JLC), January 17, 2025--Chinese oil refiners’ crude runs fell by 1.6% to 708.43 million mt in 2024, after surging to a new high in 2023, according to data from the NBS.

01-17-2025 12:42:20

China INE crude price extends gains after US core inflation cools

Guangzhou (JLC), January 16, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) remained elevated on Thursday after data showed the US core inflation unexpectedly

01-16-2025 18:53:16

Sinopec Hunan's operating rate hits 87.86% in 2024

Guangzhou (JLC), January 16, 2025--Sinopec Hunan Petrochemical operated its refinery at 87.86% of capacity in 2024, calculation shows.

01-16-2025 17:42:22

China INE crude price rises further on US crude stock draw

Guangzhou (JLC), January 15, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Wednesday due to a fall in the US crude stocks and new US sancti

01-15-2025 19:10:32

Shandong independents' run rates drop to over-two-month low

Guangzhou (JLC), January 15, 2025--Shandong independent refiners' operating rates declined to a new low in over two months in the week to January 15, 2025.

01-15-2025 18:47:21

China INE crude price remains elevated

Guangzhou (JLC), January 14, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday, still supported by the latest round of US sanctions

01-14-2025 18:50:01

China INE crude price surges on new US sanctions against Russia

Guangzhou (JLC), January 13, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) jumped on Monday, mainly supported by new US sanctions against Russia.

01-13-2025 19:14:03

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China's 2024 crude imports retreat from record high

Guangzhou (JLC), January 13, 2025--China's crude oil imports retreated in 2024, after setting a record high in 2023, according to the latest data released by the GACC on Monday.

01-13-2025 16:05:33

China INE crude rallies on prospect of rising fuel demand for heating

Guangzhou (JLC), January 10, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged up on Friday as freezing conditions in parts of the US and Europe are expect

01-10-2025 18:51:45

Shandong independents receive more imported feedstock in December

Guangzhou (JLC), January 10, 2025--Shandong-based independent refiners received more imported feedstock in the last month of 2024, amid expectation of growing demand.

01-10-2025 16:02:12

China INE crude price retreats after US fuel stocks jump

Guangzhou (JLC), January 9, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday following a bigger-than-expected rise in the US fuel stockpil

01-09-2025 18:56:29

Crude stocks at Shandong ports drop on low unloading

Guangzhou (JLC), January 9, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports declined significantly in the week to January 9, 2025, as outbound delivery outpaced unloading.

01-09-2025 18:31:11

China INE crude price keeps rising on tighter OPEC supply

Guangzhou (JLC), January 8, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Wednesday following reports of lower production from OPEC and

01-08-2025 19:09:19

Shandong independents' run rates extend drops on unit shutdown

Guangzhou (JLC), January 8, 2025--Shandong independent refiners' operating rates extended drops in the week to January 8, 2025, after a refiner shut its units and some others cut their throughput.

01-08-2025 17:44:49

CNOOC brings another oilfield development project on stream

Guangzhou (JLC), January 8, 2025--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Panyu 11-2 oilfield/Panyu 10-1 oilfield/Panyu 10-2 oilfiel

01-08-2025 14:48:39

China INE crude price extends gains despite weak US economic data

Guangzhou (JLC), January 7, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday on improving economic prospects for China, despite wea

01-07-2025 18:58:05

Chinese SOEs to boost January crude runs as demand grows

Guangzhou (JLC), January 7, 2024--Chinese state-owned enterprises (SOEs) plan to boost their crude throughput in January 2025, as demand for gasoline and jet fuel will become seasonally strong.

01-07-2025 15:37:23

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