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Daqing Oilfield produces more gas in 2017

Daqing Oilfield completed 39.52 million mt of crude oil output and the output of natural gas exceeded 4 billion cubic meters for the first time.

January 15, 2018

Cracking C5 prices stable on high run rate

According to JLC's monitoring on 12 state-owned refineries, C5 plant run rate in the week ended January 12th read 82.81%, unchanged week on week. Ethylene unit run rate remained high.

January 15, 2018

China SPR rises 14% in the last two years

China's Strategy Petroleum Reserve (SPR) increased by nearly 14% between June 2016 and June 2017.

January 15, 2018

Zhejiang ports' imported crude oil value rises 15.9%

In 2017 Zhejiang ports (excluding Ningbo) totally imported 324 batches of crude oil, with 25,884,000 mt and the value of $9.98 billion, and the volume was unchanged against 2016, the value o

January 12, 2018

Run rate of state-owned refineries fell in Dec

As of the end of December, the operating rate of China state-owned refineries was 74.97%, down 1.74 percentage points month on month.

January 12, 2018

Offshore crude refining profit rises 83% WoW

The theoretical profit of processing light offshore crude in independent refineries increased by CNY44/mt WoW to CNY95/mt.

January 11, 2018

Cracking C5 price hard to rise despite high cost

Crude oil price picked up and China oil product market boomed since October. Following this, the cracking C5-relevant products gained big changes in prices. Cracking C5 prices are not likely

January 11, 2018

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