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China’s oil-extended SBS imports up but exports down in March

Shandong (JLC), April 29, 2025—In March 2025, China imported 736 mt of oil-extended SBS (40021914), up by 34.96% MoM and 117.18% YoY. While, China’s oil-extended SBS exports were 1,159 mt.

04-29-2025 16:30:45

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

Shenzhen Port Zhoushan Energy Base launches bonded fuel oil storage

Guangzhou (JLC), April 27, 2025--About 8,400 mt of bonded fuel oil, carried by tanker “CHAO YANG 901”, was recently put into the tank farm of Shenzhen Port Group’s Zhoushan Energy Base, marking the st

04-27-2025 18:42:56

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

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

CNOOC starts up new oilfield

Guangzhou (JLC), April 15, 2025--State-owned China National Offshore Oil Corporation (CNOOC) announced the commencement of production at the Wenchang 9-7 oilfield development project on April 14.

04-15-2025 15:46:29

China INE crude price extends gains after US oil rigs slide

Guangzhou (JLC), April 14, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Monday, supported by a drop in the US oil rig count and a rise

04-14-2025 19:01:04

China's oil product exports tumble in March

Guangzhou (JLC), April 14, 2025--Chinese oil companies' oil product exports tumbled year on year in March 2025, according to the latest data released by the GACC.

04-14-2025 18:28:23

Sinopec Shanghai trials new oil product pipeline with water

Guangzhou (JLC), April 8, 2025--Sinopec Shanghai Petrochemical successfully completed the trial run of a new oil product pipeline with water in late March, laying a solid foundation for the subsequent

04-08-2025 16:04:25

China INE crude price drops on possible Saudi oil price cut

Guangzhou (JLC), March 31, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) declined further on Monday amid expectations that Saudi Arabia may slash crude price

03-31-2025 19:04:30

Sinopec discovers over 140 mln mt of shale oil reserves

Guangzhou (JLC), March 26, 2025--Sinopec discovered over 140 million mt of shale oil reserves in the Xinxing Oilfield in the Shengli Jiyang Shale Oil National Demonstration Zone on March 22, with the

03-26-2025 19:04:44

China’s fuel oil output falls in Jan-Feb 2025

Guangzhou (JLC), March 25, 2025--China’s fuel oil output fell in January-February 2025, which could be mainly ascribed to relatively weak demand and bad production margins.

03-25-2025 19:14:54

China's fuel oil imports plunge in first two months of 2025

Guangzhou (JLC), March 21, 2025--China recorded a year-on-year slump in its fuel oil imports in the first two months of 2025 when demand from independent refiners weakened.

03-21-2025 18:11:28

Dagang oilfield UGS cluster supplies over 2 bcm of gas in heating season

Shandong (JLC), March 20, 2025--PetroChina withdrew over two billion cubic meters (bcm) of natural gas from its Dagang oilfield underground gas storage (UGS) cluster in the 2024-2025 heating season.

03-20-2025 18:18:23

China INE crude price retreats on IEA forecast of oil glut

Guangzhou (JLC), March 14, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday after the International Energy Agency (IEA) forecast a supply su

03-14-2025 18:45:28

China’s oil product exports drop 18.1% in first two months of 2025

Guangzhou (JLC), March 7, 2025--China's exports of oil products amounted to about 7.21 million mt in the first two months of 2025, a drop of 18.1% year on year, according to data from GACC.

03-07-2025 15:09:09

Chinese oil companies to boost gasoline exports in March

Guangzhou (JLC), March 6, 2025--Chinese oil companies plan to boost their gasoline exports in March 2025 as domestic demand weakens after the Spring Festival travel rush.

03-06-2025 15:53:07

Bonan oilfield group produces over 1 mln mt of oil and gas in 39 days

Guangzhou (JLC), March 5, 2025--Bonan oilfield group, a 10-million-mt oil and gas production base in China, has produced over 1 million mt of oil and gas within 39 days in early 2025, showing a stron

03-05-2025 19:04:29

Domestic oil product output to drop in March, demand to diverge

Guangzhou (JLC), March 3, 2025--Chinese refiners are likely to cut their output of gasoline, diesel and jet fuel in March 2025, because of more refinery maintenance, while fuel demand diverges.

03-03-2025 16:49:20

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