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China adds two bonded bunker suppliers in Shenzhen

Beijing (JLC), June 30, 2021--Two Chinese state-run companies have obtained the license for bonded bunker business in Shenzhen of South China’s Guandong province, bringing the country’s

June 30, 2021

China to axe July oil product exports amid faster restructuring

Guangzhou (JLC), June 30, 2021-Chinese oil companies are likely to slash their oil product exports in July, as the country has accelerated the restructuring of the market and has not yet iss

June 30, 2021

Zhoushan limits bonded bunkering at night before July 10

Beijing (JLC), June 30, 2021--The local government at Zhoushan eastern Zhejiang province prohibited the bonded bunkering operation at night amid the big events of Communist Party of China (C

June 30, 2021

China issues more LSFO export quotas

Beijing (JLC), June 30, 2021--China's Ministry of Commerce (MOC) has lately granted more quotas for LSFO exports to the country’s state-run oil giants, industry sources said.

June 30, 2021

INE crude retreats as COVID-19 variant threatens demand outlook

Guangzhou (JLC), June 29, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) retreated on Tuesday amid dimming demand outlook, as the highly contagious COVI

June 29, 2021

China's May oil products imports surge month on month

Beijing (JLC), June 29, 2021--China’s imports of oil products soared 168.84% in May on a monthly basis, due to imports margins increasing

June 29, 2021

INE crude inches higher on falling US oil rig count

Guangzhou (JLC), June 28, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) edged up on Monday, in light of a slight fall in the US oil rig count and bulli

June 28, 2021

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