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INE crude slips as Libya’s oil production set to recover

Guangzhou (JLC), April 27, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) inched lower on Tuesday, in light of the prospect of production recovery from

April 27, 2021

Oil tanker collides near Shandong's Huangdao, spills oil

Guangzhou (JLC), April 27, 2021-- Suezmax tanker A Symphony carrying diluted bitumen collided with another ship near Shandong's Huangdao on Tuesday, and spilled oil into the sea, according t

April 27, 2021

China's refining capacity to grow 1.94% in 2021

Guangzhou (JLC), April 27, 2021-China’s refining capacity is expected to grow 1.94% in 2021 when more refineries and expansion projects come on line, despite the removal of some small and

April 27, 2021

China to further liberalize oil trade in Hainan FTZ

Beijing (JLC), April 27, 2021--The trade in crude and oil products will be made more liberal and convenient in the Free Trade Zone (FTZ) in China’s southern Hainan province, an official we

April 27, 2021

INE crude ups on dipping US oil rig count

Guangzhou (JLC), April 26, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) inched higher on Monday, as the US oil rig count dipped and COVID-19 spread sl

April 26, 2021

Shandong further knocks out outdated refineries

Beijing (JLC), April 26, 2021--The local government is accelerating to eliminate the outdated refining capacities in China’s eastern Shandong province, home to most of the independent refi

April 26, 2021

Crude oil pipeline to be built in East Africa

Beijing (JLC), April 26, 2021--The construction of a crude oil pipeline connecting Uganda and Tanzania in east Africa is going to start soon, an industry source said.

April 26, 2021

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