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China to raise fuel prices on February 1

Guangzhou (JLC), January 31, 2024--China will raise its retail ceilings of gasoline and diesel on February 1 (Thursday), tracking the recent rises in international crude prices.

January 31, 2024

U.S. to reimpose sanctions on Venezuelan oil

Guangzhou (JLC), January 31, 2024 – The United States will not renew the General License 44 – which temporarily allowed trading of Venezuelan oil and gas – when it expires on April 18,

January 31, 2024

China's manufacturing PMI improves in January 2024

Guangzhou (JLC), January 31, 2024 – China's manufacturing purchasing managers' index (PMI) improved in the first month of 2024, but was still below the critical 50% mark.

January 31, 2024

China discovers major oilfield in Henan province

Guangzhou (JLC), January 30, 2024 – China has recently discovered a major oilfield in the Sanmenxia Basin of Henan province, with an estimated oil reserve of 107 million mt.

January 30, 2024

China’s petroleum consumption will still grow in 2024: Sinopec

Guangzhou (JLC), January 29, 2024 – China’s petroleum consumption will continue to rise in 2024, although at a slower pace, largely driven by growth in chemicals and aviation fuel consum

January 29, 2024

Sinopec Shanghai hikes jet fuel production for Chunyun

Guangzhou (JLC), January 29, 2024 – Sinopec Shanghai Petrochemical has increased jet fuel production to meet surging demand during the Spring Festival travel rush.

January 29, 2024

CNOOC unveils 2024 production target

Guangzhou (JLC), January 26, 2024 – CNOOC set its 2024 net production target at 700–720 million barrels of oil equivalent (boe), according to its 2024 Business Strategy and Development P

January 26, 2024

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