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ZPC pushes ahead with crude oil terminals and storage base project

Guangzhou (JLC), May 26, 2025--Zhejiang Petroleum and Chemical (ZPC) Jintan Logistics Co. is pushing ahead with its crude oil terminals and storage base in Zhoushan, according to official reports.

05-26-2025 18:06:56

Lianyungang Jiaao exports first batch of SAF

Beijing (JLC), May 8, 2025—Lianyungang Jiaao New Energy exported around 13,400 mt of SAF, an announcement released by its parent company Zhejiang Jiaao Enprotech Stock on May 7 showed.

05-08-2025 11:24:09

Liaodong Bay’s oil and gas output sets record high in Q1

Guangzhou (JLC), April 29, 2025--Oilfields in Liaodong Bay of the Bohai Sea produced over 3.20 million mt of oil and gas in the first quarter of this year, hitting a historical high, CNOOC reported o

04-29-2025 15:34:27

Shenzhen Port Zhoushan Energy Base launches bonded fuel oil storage

Guangzhou (JLC), April 27, 2025--About 8,400 mt of bonded fuel oil, carried by tanker “CHAO YANG 901”, was recently put into the tank farm of Shenzhen Port Group’s Zhoushan Energy Base, marking the st

04-27-2025 18:42:56

Sinopec records China’s largest single-batch bonded bunker sales

Guangzhou (JLC), March 17, 2025--Sinopec successfully refueled vessel “AGOGO FPSO” with 8,549 mt of bonded bunker fuel at the Luhuashan anchorage in Shanghai on March 12, marking the largest single-b

03-17-2025 18:51:53

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China’s gasoline prices inch higher, diesel prices basically stable

Guangzhou (JLC), January 3, 2025--China’s wholesale gasoline prices inched higher in early 2025, boosted by rising international crude prices and relatively good demand, while diesel prices held basi

01-03-2025 18:17:59

Sinopec Anqing begins supplying battery-grade petcoke

Guangzhou (JLC), December 17, 2024 – Sinopec Anqing Petrochemical on December 13 supplied the first batch of high-end petroleum coke (petcoke) designed for power battery production to its customers.

12-17-2024 17:20:48

China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

China releases 3rd-batch 2024 quotas on oil product exports

Guangzhou (JLC), September 20, 2024--China has released the third batch of 2024 quotas on the exports of clean oil products (gasoline, diesel and jet fuel), setting the quotas at 8.0 million mt.

09-20-2024 14:38:29

China releases 2nd-batch 2024 quotas on oil product exports

Guangzhou (JLC), May 7, 2024--China has released the second batch of 2024 quotas on the exports of oil products (gasoline, diesel and jet fuel), setting the quotas at 14.0 million mt.

05-07-2024 11:56:17

Shandong independents' run rates drop on bad margins

Guangzhou (JLC), February 28, 2024--Shandong independent refiners lowered their operating rates in late February, because of bad refining margins and relatively weak fuel demand.

02-28-2024 17:55:44

Sinopec discovers new shale oil and gas reserve in Sichuan Basin

Guangzhou (JLC), January 11, 2024 – Sinopec has discovered more than 100 million mt of new oil and gas reserve in the Sichuan Basin.

01-11-2024 18:57:53

China keeps 1st-batch 2024 quotas on oil product exports largely stable

Guangzhou (JLC), December 29, 2023--China has released the first batch of 2024 quotas on the exports of oil products (gasoline, diesel and jet fuel), setting the quotas at 19.0 million mt.

12-29-2023 16:15:43

China releases 1st-batch 2024 quotas on LSFO exports

Guangzhou (JLC), December 29, 2023--China has released the first batch of 2024 quotas on the exports of low-sulfur fuel oil, setting the quotas at 8.0 million mt.

12-29-2023 16:00:01

Trafigura and SPG inaugurate Shandong-based JV

Guangzhou (JLC), November 16, 2023 – Global trading giant Trafigura and Shandong Port Group (SPG) inaugurated their joint venture (JV) in Qingdao, Shandong province on November 15.

11-16-2023 17:17:01

Shandong independents’ run rates down on less fuel demand, bad margins

Guangzhou (JLC), November 1, 2023--Shandong independent refiners lowered their operating rates again in the week to November 1, due to shrinking fuel demand, bad refining margins and tight quota on c

11-01-2023 18:18:09

China releases fourth batch of crude import quotas for 2023

Guangzhou (JLC), October 7, 2023--China has released this year's fourth batch of quotas on non-state crude oil imports, permitting 9.54 mln mt of imports, according to official sources.

10-07-2023 15:47:58

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