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China hikes Russian crude imports sharply in first two months of 2026

Guangzhou (JLC), March 20, 2026—China hiked its imports of Russian crude sharply in the first two months, due to attractive prices and abundant supply.

03-20-2026 18:54:40

INE crude price rises as OPEC+ maintains decision to halt output hikes

Guangzhou (JLC), December 1, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Monday due to OPEC+'s reaffirmation of a pause in output increas

12-01-2025 19:01:18

China INE crude price rallies as OPEC+ to pause output hikes in Q1 2026

Guangzhou (JLC), November 3--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded Monday after OPEC+ announced plans to pause output hikes in the first quarter

11-03-2025 18:54:22

China INE crude price retreats on possible OPEC+ output hike

Guangzhou (JLC), September 4, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday amid the potential for further output increases by OPEC+ an

09-04-2025 18:37:20

China INE crude price retreats after US hikes tariffs on India

Guangzhou (JLC), August 27, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Wednesday due to higher US tariffs against India and bearish economic

08-27-2025 18:42:10

Sinopec likely to hike crude runs in H2 2025

Guangzhou (JLC), August 11, 2025--Sinopec is likely to hike its refinery crude runs in the second half of 2025 (H2 2025), judged from the company's crude runs in H1 and its plan for the whole year.

08-11-2025 19:10:23

China INE crude price extends losses on OPEC+ output hike

Guangzhou (JLC), August 4, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Monday after OPEC+ agreed to hike output in September.

08-04-2025 18:37:42

China hikes crude imports from Saudi Arabia and Malaysia in June

Guangzhou (JLC), July 21, 2025--China boosted its crude imports from Saudi Arabia and Malaysia sharply in June 2025, according to data from the General Administration of Customs of the PRC (GACC).

07-21-2025 16:06:28

China INE crude price dips after OPEC+ announces large output hikes

Guangzhou (JLC), July 7, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Monday after OPEC+ decided to ramp up oil production more aggressively th

07-07-2025 19:07:55

China INE crude price edges up on potential price hike by Saudi Arabia

Guangzhou (JLC), July 2, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) inched higher on Wednesday, supported by the expectation of an oil price increase by S

07-02-2025 18:58:50

SOEs to hike June refinery operating rate on less maintenance

Guangzhou (JLC), June 5, 2025--State-owned enterprises (SOEs) are likely to hike their refinery operating rates in June 2025, after maintenance peaked in April-May.

06-05-2025 18:44:39

China INE crude price dips on potential OPEC+ output hike

Guangzhou (JLC), May 28, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell modestly on Wednesday amid expectations of another OPEC+ output hike.

05-28-2025 18:48:48

China INE crude slips on possibility of another OPEC+ output hike

Guangzhou (JLC), May 23, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Friday amid the possibility that OPEC+ will accelerate production incr

05-23-2025 18:29:56

INE crude price tumbles on OPEC+ output hike, US tariff concerns

Guangzhou (JLC), April 7, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) plummeted Monday on the announcement of a larger-than-expected OPEC+ output increase

04-07-2025 18:39:03

Chinese SOEs to hike February crude runs to meet demand

Guangzhou (JLC), February 8, 2025--Chinese state-owned enterprises (SOEs) plan to boost their crude throughput in February 2025, when demand for gasoline and jet fuel stays strong.

02-08-2025 15:51:02

China INE crude price picks up after Saudi Aramco hikes prices

Guangzhou (JLC), February 7, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded slightly on Friday after Saudi Aramco hiked crude prices.

02-07-2025 19:07:42

China to hike customs duties on imported fuel oil in 2025

Guangzhou (JLC), December 30, 2024--China will hike the temporary customs duties on imported fuel oil to 3% in 2025, up from 1%, according to a notice released by a State Council committee.

12-30-2024 18:07:41

China INE crude price rises again after OPEC+ delays output hike

Guangzhou (JLC), November 4, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Monday following reports of a further delay to OPEC+ producti

11-04-2024 18:41:30

China hikes ceiling on non-state crude imports for 2025

Guangzhou (JLC), October 23, 2024--China set the ceiling on non-state crude imports for 2025 at 257 million mt (5.14 million barrels per day), up 14 million mt or 5.76% from 2024.

10-23-2024 16:30:49

China hikes crude imports from Russia in first 10 months

Guangzhou (JLC), November 22, 2023--China hiked its crude imports from Russia in the first 10 months of 2023, which could be ascribed to attractive prices of Russian cargoes.

11-22-2023 11:56:23

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