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Russia remains the largest fuel oil supplier to China in Jan-Oct

Guangzhou (JLC), November 20, 2024--Russia remained the largest fuel oil supplier to China in the first ten months of 2024, still followed by Malaysia.

November 20, 2024

Malaysia becomes second biggest crude supplier to China in October

Guangzhou (JLC), November 20, 2024--Malaysia surpassed Saudi Arabia and became the second biggest crude supplier to China in October 2024, according to data from the GACC.

November 20, 2024

Sinopec and Aramco start building Gulei phase-II complex in Fujian

Guangzhou (JLC), November 19, 2024 – Sinopec, Aramco, and Fujian Petrochemical Company Limited (FPCL) began to construct the Gulei Phase-II Integrated Refining and Petrochemical Project.

November 19, 2024

China’s PDH units operating rate down in mid-November

Beijing (JLC), November 18, 2024--China’s PDH unit operating rate fell by 4.62 percentage points in the week ending November 15 due to unit shutdown and lower downstream demand.

November 18, 2024

Chinese oil refiners cut October gasoline output to year’s lowest

Guangzhou (JLC), November 18, 2024--Chinese oil refiners cut their October gasoline production to the year's lowest, according to data from the National Bureau of Statistics (NBS).

November 18, 2024

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

November 15, 2024

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

November 15, 2024

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