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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

China INE crude price drops on uncertainty over Fed rate hikes

Guangzhou (JLC), October 10, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell on Tuesday as market participants are waiting for the release of more economi

10-10-2023 19:30:10

China INE crude price retreats on rate hike concerns

Guangzhou (JLC), July 21, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday amid concerns that higher interest rates in the US will lead to a

07-21-2023 18:20:30

China hikes June Russian crude imports to another record

Guangzhou (JLC), July 20, 2023--China raised its crude imports from Russia to another new high in June 2023, which could be ascribed to discounts on Russian grades.

07-20-2023 14:47:39

China INE crude price inches down after ECB hikes interest rate

Guangzhou (JLC), May 5, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged down on Friday after an interest rate hike by the European Central Bank (ECB).

05-05-2023 17:57:08

China INE crude price plummets after Fed announces rate hike

Guangzhou (JLC), May 4, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) plunged on Thursday after the US Federal Reserve announced another rate hike, also beca

05-04-2023 19:10:26

China INE crude price extends gains on easing rate hike concerns

Guangzhou (JLC), April 13, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Thursday, as concerns over rate hikes by the US Federal Reserve

04-13-2023 19:17:53

China INE crude price dips on Fed rate hike fears

Guangzhou (JLC), April 11, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) inched lower on Tuesday, weighed down by rising concerns over Fed rate hikes.

04-11-2023 18:05:30

PetroChina to hike 2023 crude runs by 6.63%

Guangzhou (JLC), March 30, 2023--PetroChina plans to increase its crude runs by 6.63% in 2023, due to the expectation of recovering product demand, according to the company's annual report for 2022.

03-30-2023 15:50:08

China INE crude price slips further after ECB rate hike

Guangzhou (JLC), March 17, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended drops on Friday, after a rate hike by the European Central Bank (ECB).

03-17-2023 18:22:43

China INE crude price dips on US rate hike fears

Guangzhou (JLC), February 28, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) fell slightly on Tuesday, as strong US manufacturing data fueled fears about furt

02-28-2023 18:48:53

China to hike crude imports in February

Guangzhou (JLC), February 23, 2023--Chinese refiners are projected to boost their crude imports sharply in February, because of growing consumption from newly-built refining units and a recovery in fu

02-23-2023 18:03:10

China INE crude price falls on lingering concerns over interest rate hikes

Guangzhou (JLC), February 22, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) went down on Wednesday, because of lingering concerns over interest rate hikes by

02-22-2023 19:18:17

China INE crude price retreats on growing fears over Fed rate hikes

Guangzhou (JLC), February 20, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated on Monday, because of growing concerns over interest rate hikes by the

02-20-2023 18:41:32

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