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China’s LCO imports drop in June on consumption tax

Beijing (JLC), July 27, 2021--China’s light cycle oil (LCO) imports dropped in June 2021 as a consequence of the levy of consumption tax on the diesel blending feedstock.

July 27, 2021

Sinopec Maoming refines new crude grade for more naphtha output

Beijing (JLC), July 27, 2021--Sinopec said its Maoming refinery in southern China’s Guangdong province refined Kuwait light crude for the first time in early July.

July 27, 2021

Sinopec records first jet fuel exports from new Zhanjiang refinery

Guangzhou (JLC), July 27, 2021--Sinopec has recently exported jet fuel from its new 200,000 bbl/day Zhanjiang refinery for the first time, Sinopec said on its news website.

July 27, 2021

China’s August gasoline and diesel exports may stay at years’ low

Guangzhou (JLC), July 27, 2021--Chinese oil companies’ August gasoline and diesel exports are likely to stay at a level rarely seen in the past decade, as the country tightens quotas on ex

July 27, 2021

INE crude rises as market expects tight supply, yuan weakens

Guangzhou (JLC), July 26, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) extended gains on Monday, underpinned by expectations of tight supplies and wea

July 26, 2021

Dongjiakou terminal starts to handle liquid chemical products at Qingdao

Beijing (JLC), July 26, 2021--Dongjiakou terminal was capable to operate liquid chemical products starting from July 20 at Qingdao port, Shandong province, Qingdao Port Group said

July 26, 2021

China to cut fuel prices on July 27, second time in 2021

Guangzhou (JLC), July 26, 2021--China will cut the retail ceilings of gasoline and diesel on July 27, the second time so far this year, tracking drops in international crude prices.

July 26, 2021

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