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Shandong independents' run rates slip for seventh straight week

Guangzhou (JLC), June 10, 2026--Shandong independent refiners' operating rates fell further in the week ending June 10, the seventh consecutive week of drops, JLC’s data shows.

06-10-2026 19:20:00

CNOOC's Kenli 10-2 oilfield Phase-1 development project starts running

Guangzhou (JLC), May 29, 2026--CNOOC's Phase-1 development project for Kenli 10-2 oilfield cluster, China's largest offshore shallow-layer lithologic oilfield, became fully operational recently, Peopl

05-29-2026 18:30:18

China delivers self-developed new-gen VLCC

Guangzhou (JLC), March 25, 2026--Dalian Shipbuilding Industry Co., Ltd. (DSIC) successfully delivered a new-generation very large crude carrier (VLCC) on March 25.

03-25-2026 18:37:58

CNOOC starts up Xijiang Oilfield Cluster block 24 development project

Guangzhou (JLC), December 23, 2025--China National Offshore Oil Corporation (CNOOC) announced the commissioning of the Xijiang Oilfield Cluster block 24 development project on December 22.

12-23-2025 14:36:53

Independents' crude refining margins surge on lower costs, higher revenue

Guangzhou (JLC), November 13, 2025--Shandong-based independent refiners' crude refining margins surged in the week to November 12, because of lower crude costs and higher sales revenue.

11-13-2025 16:10:45

Shandong independents' run rates drop for seven weeks in a row

Guangzhou (JLC), May 14, 2025--Shandong independent refiners' operating rates extended drops in the middle of May, the seventh week in a row, due to more unit maintenance.

05-14-2025 18:27:33

State-owned refinery run rates fall for seven weeks straight

Guangzhou (JLC), April 30, 2025--As of the week ending April 30, Chinese state-owned oil refineries' run rates dropped for seven weeks in a row, because of unit maintenance.

04-30-2025 18:56:49

Crude stocks at Shandong ports surge to over seven-month high

Guangzhou (JLC), April 3, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports surged to a new high in over seven months in early April.

04-03-2025 17:27:34

Shandong independents' run rates rally after eleven weeks of drops

Guangzhou (JLC), March 5, 2025--Shandong independent refiners' operating rates rallied in early March, after dropping for eleven consecutive weeks, as two refiners wrapped up maintenance.

03-05-2025 19:12:25

State-owned refinery run rates increase, seventh week in a row

Beijing (JLC), January 24, 2025--Chinese state-owned oil refineries' run rates went up further in the week to January 22 (Wednesday), the seventh week in a row, JLC’s data shows.

01-24-2025 10:38:28

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

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's crude runs drop on year for seven consecutive months

Guangzhou (JLC), November 15, 2024--China's crude oil throughput dropped for seven months in a row on a year-on-year comparison as of October, mainly due to relatively weak domestic product demand.

11-15-2024 11:50:55

CNOOC starts up China’s first deepwater oilfield secondary development project

Guangzhou (JLC), September 25, 2024--State-owned China National Offshore Oil Corporation (CNOOC) brought in China’s first deepwater oilfield secondary development project in the waters of the Pearl Ri

09-25-2024 16:12:02

Sinopec revises down its crude throughput plan for 2024

Guangzhou (JLC), August 27, 2024--Sinopec has revised down its crude throughput plan for 2024, which can be ascribed to relatively weak demand for diesel.

08-27-2024 15:43:06

CNOOC Huizhou achieves record-high crude throughput

Guangzhou (JLC), July 19, 2024 – CNOOC Huizhou Petrochemical’s crude processing volume hit a record high in the first half of the year, exceeding half of its annual target.

07-19-2024 15:34:44

Chinese companies win ten bids to develop Iraq oil and gas

Beijing (JLC), May 15, 2024---Chinese companies won ten bids to explore Iraq oil and gas in the energy bidding ended on May 13, a market source said.

05-15-2024 17:47:22

Sinopec’s crude throughput grows 6.29% in 2023: unaudited preview

Guangzhou (JLC), March 6, 2024 – Sinopec processed more crude oil in 2023 than in the previous year, with production of gasoline, diesel, kerosene and light chemical feedstock all growing.

03-06-2024 18:50:02

China INE crude price rallies after IEA revises up demand forecast

Guangzhou (JLC), January 19, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded Friday after the International Energy Agency (IEA) forecast stronger gro

01-19-2024 18:19:36

China INE crude price rallies after IEA revises up oil demand forecast

Guangzhou (JLC), December 15, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday, supported by an upgrade in global oil demand growth forecast

12-15-2023 19:32:30

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