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China to cut RRR in February to release more liquidity

Guangzhou (JLC), January 25, 2024 – China will cut the reserve requirement ratio (RRR) for financial institutions by 0.5 percentage points (or 50 basis points), effective from February 5.

January 25, 2024

Shandong independents' run rates retreat on lower margins

Guangzhou (JLC), January 24 2024--Shandong independent refiners' operating rates retreated as some refiners lowered their utilization slightly amid poorer margins.

January 24, 2024

Sinopec enters top 3 bunker suppliers in Singapore

Guangzhou (JLC), January 24, 2024 – Sinopec Fuel Oil (Singapore) Pte. Ltd. ranked 3rd among 41 bunker suppliers in Singapore in terms of supply volume for 2023, Sinopec announced on Wednes

January 24, 2024

Saudi Tadawul Group signs deal to acquire stake in DME Holdings

Guangzhou (JLC), January 23, 2024 – Saudi Tadawul Group (STG) has recently signed a binding agreement with DME Holdings Limited and its existing shareholders to acquire a 32.6% stake in DM

January 23, 2024

China's 2023 apparent consumption of kerosene rebounds strongly

Guangzhou (JLC), January 22, 2024 – China's 2023 apparent consumption of kerosene rebounded strongly, as the aviation sector improved significantly after China lifted COVID-related restric

January 22, 2024

China's naphtha imports in 2023 surge to new high

Guangzhou (JLC), January 22, 2024--China's naphtha imports in 2023 set a new high, due to more demand from the chemical sector and limited supply from domestic production.

January 22, 2024

Russia becomes top crude supplier to China in 2023

Guangzhou (JLC), January 22, 2024--Russia overtook Saudi Arabia as the biggest crude supplier to China in 2023, as discounted grades from the former attracted more interest from Chinese buye

January 22, 2024

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