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Shanxi to build 8-mln-cbm crude oil storage base

Guangzhou (JLC), June 1, 2026--On May 26, LONGWAY entered into a contract with Shanxi Daliangshan Storage and Transportation, to provide whole-process engineering consulting services for the Xiangyuan

06-01-2026 18:56:32

State-owned refinery run rates stable in late May

Guangzhou (JLC), May 28, 2026--Chinese state-owned oil refineries' run rates were unchanged in the week ending May 27 (Wednesday), JLC’s data shows.

05-28-2026 11:35:04

China INE crude price roughly stable

Guangzhou (JLC), May 27, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) was largely steady on Wednesday, with investors adopting a wait-and-see approach to US

05-27-2026 19:10:52

State-owned refinery run rates rebound moderately

Guangzhou (JLC), May 22, 2026--Chinese state-owned oil refineries' run rates rallied in the week ending May 20 (Wednesday), JLC’s data shows.

05-22-2026 15:03:59

Independents' refining margins for imported crude tumble again

Guangzhou (JLC), April 29, 2026--Shandong-based independents' refining margins for imported crude continued to tumble in late April, as crude costs surged and sales revenue went lower.

04-29-2026 18:02:40

China INE crude price stable on mixed factors

Guangzhou (JLC), April 27, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) was largely stable on Monday, weighed down by Iran’s new proposal for reopening the

04-27-2026 19:12:28

Crude stocks at Shandong ports slip further on more outbound delivery

Guangzhou (JLC), April 23, 2026--The stocks of crude, fuel oil and diluted bitumen at Shandong ports continued to fall in the week ending April 23 as more feedstock was delivered out of local ports.

04-23-2026 19:09:38

China receives much less crude from Saudi Arabia in March

Guangzhou (JLC), April 20, 2026--China received much less crude from Saudi Arabia in March 2026, which could be ascribed to the closure of the Strait of Hormuz.

04-20-2026 18:36:48

Ningbo Shihua unloads new crude grade

Guangzhou (JLC), April 17, 2026--Ningbo Shihua Crude Oil Terminal Company unloaded a batch of a new crude grade on April 14, Zhejiang Seaport Group said on its official WeChat account on April 15.

04-17-2026 18:11:30

China INE crude price stable amid geopolitical uncertainty

Guangzhou (JLC), April 16, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) was roughly stable on Thursday as traders are taking a wait-and-see approach amid on

04-16-2026 19:12:26

China INE crude price slips on bearish IEA demand forecast

Guangzhou (JLC), April 15, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Wednesday after the International Energy Agency (IEA) forecast a decrea

04-15-2026 19:09:19

Jieyang supporting terminal project to be delivered by June 30

Guangzhou (JLC), April 15, 2026--The supporting terminal project for the 5.2-million-cbm commercial crude oil storage tank farm in Guangdong's Jieyang is expected to be delivered by June 30.

04-15-2026 18:38:26

China INE crude price extends gains after US blocks Strait of Hormuz

Guangzhou (JLC), April 14, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) rose again on Tuesday amid mounting supply concerns following the US announcement of

04-14-2026 19:20:37

China's daily crude oil imports drop in March, but still high

Guangzhou (JLC), April 14, 2026--China's daily crude oil imports fell both month-on-month and year-on-year in March 2026, according to the latest data from the GACC.

04-14-2026 16:34:07

Independents' refining margins for imported crude rebound

Guangzhou (JLC), April 9, 2026--Shandong-based independents' refining margins for imported crude rebounded in the week to April 8, because of a decline in crude costs and a slight rally in their sale

04-09-2026 18:53:18

China INE crude price falls after US crude stocks climb

Guangzhou (JLC), April 2, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended losses on Thursday after data showed a build in the US crude inventories.

04-02-2026 19:47:35

Sinopec Shengli Oilfield CCUS project sequesters over 1.3 billion m3 of CO2

Guangzhou (JLC), March 30, 2026--The CCUS project operated by Sinopec Shengli Oilfield has sequestered more than 1.3 billion m3 of CO₂, signifying a substantial breakthrough in China's large-scale car

03-30-2026 19:15:49

INE crude rises amid worries about further escalation in Middle East War

Guangzhou (JLC), March 30, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Monday following news that the United States may launch ground

03-30-2026 18:27:38

China INE crude price rises amid bullish Chinese economic data

Guangzhou (JLC), March 27, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Friday after data showed an improvement in China’s economy.

03-27-2026 18:55:58

China INE crude price rebounds slightly

Guangzhou (JLC), March 26, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) picked up on Thursday amid diminishing prospects of a ceasefire in the Middle East.

03-26-2026 18:57:24

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