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China INE crude extends gains on surprise US crude inventory fall

Guangzhou (JLC), November 10, 2021--The price of crude futures on China’s Shanghai International Energy Exchange (INE) continued to rise Wednesday, after reports of a surprise crude invent

November 10, 2021

Shandong independents’ run rates rise on high margins

Guangzhou (JLC), November 10, 2021--Shandong-based independent refiners’ operating rates climbed modestly this week when refining margins were still remarkable.

November 10, 2021

China announces 3rd-batch quotas on LSFO, oil product exports

Guangzhou (JLC), November 10, 2021--China’s Ministry of Commerce has announced this year’s third batch of quotas on low-sulfur fuel oil and oil product exports, granting oil giants new q

November 10, 2021

Retail margins for gasoline rally sharply amid wholesale price plunges

Beijing (JLC), November 10, 2021--China's retail-wholesale price spread for gasoline rallied sharply to CNY1,264/mt on November 9, up by CNY867/mt from a trough notched at end-October, as wh

November 10, 2021

China INE crude climbs on brighter economic outlook

Guangzhou (JLC), November 9, 2021--The price of crude futures on China’s Shanghai International Energy Exchange (INE) extended gains Tuesday, as global economic outlook was brightened by t

November 09, 2021

Sinopec starts operating Rizhao-Puyang-Luoyang crude pipeline

Guangzhou (JLC), November 9, 2021--Sinopec started injecting crude into its 796-km Rizhao-Puyang-Luoyang pipeline on November 8, the company said on its news website on November 9.

November 09, 2021

China to keep refining capacity under 20 mln bbl/day by 2025

Guangzhou (JLC), November 9, 2021--China aims for a crude oil refining capacity of no more than 1.0 bln mt/yr (20 mln barrels per day) by 2025, according to a recent document released by the

November 09, 2021

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