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Liaodong Bay’s oil and gas output sets record high in Q1

Guangzhou (JLC), April 29, 2025--Oilfields in Liaodong Bay of the Bohai Sea produced over 3.20 million mt of oil and gas in the first quarter of this year, hitting a historical high, CNOOC reported o

04-29-2025 15:34:27

Singapore’s daily bunker fuel sales drop in March

Guangzhou (JLC), April 28, 2025--Singapore’s daily bunker fuel sales dropped in March, according to the data from the Maritime and Port Authority of Singapore (MPA)

04-28-2025 17:31:09

Domestic gasoline and diesel prices inch lower

Guangzhou (JLC), April 25, 2025--China’s wholesale gasoline and diesel prices inched lower in the week to April 25, as more participants held a wait-and-see attitude.

04-25-2025 17:14:37

Independents’ crude refining margins retreat in late March

Guangzhou (JLC), April 25, 2025--Shandong-based independents’ refining margins for imported crude retreated in late March, as imported crude costs rallied and independents’ sales revenue decreased.

04-25-2025 11:11:55

China’s bonded bunker fuel imports continue to grow in March

Guangzhou (JLC), April 23, 2025--China’s bonded bunker fuel imports continued to grow in March, due to tighter domestic supply and lower international bunker fuel prices.

04-23-2025 18:21:48

China introduces new bunker fuel policies for FTZs

Guangzhou (JLC), April 23, 2025--China has introduced a series of new policies to systematically promote the development of FTZs, with two policies related to the bunker fuel market, according to the

04-23-2025 15:45:02

Chinese refiners cut their daily bonded bunker fuel exports in Mar

Guangzhou (JLC), April 22, 2025--Chinese refiners cut their daily bonded bunker fuel exports in March, as their low-sulfur fuel oil (LSFO) production declined.

04-22-2025 18:23:36

China’s fuel oil output drops on year in March

Guangzhou (JLC), April 21, 2025--China’s fuel oil output dropped year on year in March, mainly because of more unit maintenance and PetroChina’s production adjustment.

04-21-2025 19:06:31

China’s fuel oil imports plunge in Q1

Guangzhou (JLC), April 21, 2025--China’s fuel oil imports plunged in the first quarter (Q1) of 2025, as independent refiners’ demand slumped amid a hike in the country’s temporary customs duties on i

04-21-2025 16:56:52

Domestic fuel prices fall as China slashes its retail ceilings

Guangzhou (JLC), April 18, 2025--China’s wholesale gasoline and diesel prices fell in the week ending April 18, as the country slashed its fuel retail ceilings in the wake of previous plunges in inte

04-18-2025 18:19:58

Independents’ crude refining margins soar again as costs decrease

Guangzhou (JLC), April 17, 2025--Shandong-based independents’ crude refining margins soared again in the middle of April, bolstered by a further plunge in crude costs.

04-17-2025 11:39:37

Bohai Oilfield’s oil and gas output hits all-time high in Q1 2025

Guangzhou (JLC), April 15, 2025--CNOOC’s Bohai Oilfield produced over 10 million mt of oil and gas in the first quarter (Q1) of this year, the highest level in about sixty years of the oilfield’s deve

04-15-2025 17:28:06

Chinese refiners cut their LSFO output in March

Guangzhou (JLC), April 14, 2025--Chinese refiners cut their LSFO output in March, because of bad margins and more unit maintenance.

04-14-2025 15:35:55

Feedstock unloading for Shandong independents surge in March

Guangzhou (JLC), April 11, 2025--Shandong-based independent refiners continued to raise their cargo unloading in March, as crude refining margins improved and their operating rates climbed.

04-11-2025 19:19:00

China’s fuel prices retreat as crude prices plunge

Guangzhou (JLC), April 11, 2025--China’s wholesale gasoline and diesel prices retreated in the week to April 11, mainly because of a plunge in international crude prices.

04-11-2025 19:17:26

Independents’ crude refining margins surge as costs tumble

Guangzhou (JLC), April 9, 2025--Shandong-based independents’ crude refining margins surged in the week to April 9, due to a slump in crude costs, despite a decline in their sales revenue.

04-09-2025 18:57:19

Independents’ crude refining margins plunge on surging costs

Guangzhou (JLC), April 3, 2025--Shandong-based independents’ crude refining margins plunged in early April as crude costs surged, despite a rise in their sales revenue.

04-03-2025 17:07:14

Shandong independents’ run rates slip in early April

Guangzhou (JLC), April 2, 2025--Shandong independent refiners’ operating rates slipped in early April, as some refiners’ throughput cuts counteracted other refiners’ boosts.

04-02-2025 18:43:28

PetroChina’s net profit sets new high in 2024

Guangzhou (JLC), March 31, 2025--PetroChina’s net profit attributable to its equity shareholders set a new high in 2024, mainly because of lower costs, despite slightly lower sales revenue.

03-31-2025 18:27:04

China’s fuel prices rally after seven weeks of drops

Guangzhou (JLC), March 28, 2025--China’s wholesale gasoline and diesel prices rallied in late March, after drops in seven consecutive weeks, because of rising international crude prices and pre-holid

03-28-2025 18:49:27

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