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[Apr. 19, 2017]  China imported record high volumes of crude oil in March at 9.21 million b/d as independent refiners stepped up buying to meet their quota allocations and oil companies generally bought more in anticipation of higher prices later in the year.Record high i
[Apr. 14, 2017]  China’s crude oil imports surged to an all-time high in March to nearly 9.2 MMbpd, customs data showed on Thursday, far surpassing expectations and overtaking the United States as independent refiners ramped up their purchases.The March imports came in at
[Apr. 13, 2017]  China will lift the retail prices of both gas and diesel for the third time this year from Thursday, amid a rally in global oil prices, the country’s top economic planner announced Wednesday.Gasoline prices will rise by 200 yuan (about 29 U.S. dollars) pe
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China Exploration
[Apr. 19, 2017]  A tender of 22 offshore blocks from China National Offshore Oil Corp (CNOOC) could be very attractive to foreign companies, given the vast demand for oil and gas in the Chinese market amid global overcapacity, Chinese experts said.CNOOC, the largest offsh
[Mar. 13, 2017]  CRRC Zhuzhou Institute Co Ltd announced on Friday that its subsidiary Soil Machine Dynamics Ltd (SMD) will build the world’s largest subsea trenching machine at its British manufacturing base.The trenching machine will weigh 178 tonnes and can lay oil and
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[Mar. 6, 2017]  China has put into service what it claims is the world’s largest and deepest-operating offshore oil exploration platform, the Bluewhale I, the state broadcaster reported on Saturday.The rig has a total deck area about the size of a soccer field with
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China Refining
[Mar. 14, 2017]  China’s refinery production rose 4.3 percent to the second highest level on record on a daily basis during the first two months of the year, while crude output fell 8 percent from a year earlier, official data showed on Tuesday.Chinese refineries processe
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[Mar. 13, 2017]  Privately-run conglomerate CEFC China Energy has approached several independent Chinese oil processors seeking to acquire its first domestic refinery operation, its next move towards becoming a global integrated oil player.New details of CEFC’s attempts t
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[Mar. 6, 2017]  Dongming Petrochemical, China’s largest independent or ’teapot’ refiner, has signed a deal with privately run CEFC China Energy and a local port authority to build a crude oil terminal in Shandong province, seeking to ease a logistics bottleneck gripping
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China Biofuels, Green Energy
[Mar. 10, 2017]  It’s no secret that Beijing has a smog problem. Earlier this year, the air pollution was so bad, it closed down highways, diverted planes, and stranded a cruise ship unable to dock. Smog is the world’s biggest health risk, and Beijing is renew
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[Feb. 24, 2017]  INCREASED trading volumes and higher share of results from associates gave a lift to results for jet fuel supplier China Aviation Oil (Singapore) for its fourth quarter.Net profit surged 57 per cent to US$17.9 million from the previous year, the group sai
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[Feb. 15, 2017]  Gazpromneft-Aero, jet fuel business operator of Gazprom Neft, and Chinese national jet fuel supplier China Aviation Oil Hong Kong Co. Ltd. (CAOHK) signed a new agreement on fueling CAOHK designated airline customers in airports where Gazpromneft-Aero oper
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China Gas , LNG / LPG
[Apr. 21, 2017]  Water treatment provider OriginClear has partnered with a local organisation in China’s Shandong Province in order to improve water usage at China’s largest commercial shale gas project.A pilot site remediation project at Sinopec’s Fulin
[Apr. 18, 2017]  China’s natural gas production surged to a record last month and coal output rebounded as economic growth accelerated power use in the world’s largest energy user.Natural gas production in March rose 8.2 percent from the average of the first t
[Apr. 18, 2017]  China’s shale gas production surged in March while natural gas production also expanded, indicating improved energy structure as the country shifts away from reliance on traditional energy sources.Shale gas output jumped 50.4 percent year on year to reach
China Pipelines
[Apr. 17, 2017]  The 1,454-km Kazakh-China link will transport 5 billion cu m annuallyA new strategically important natural gas pipeline running from southern Kazakhstan to China began operating on Friday, China National Petroleum Corp said in a statement.The company said
[Apr. 11, 2017]  China and Myanmar have finally reached an agreement on an oil pipeline that that would allow China to import crude oil from overseas via Myanmar, and the project is slated to open “very quickly”, according to Chinese Vice Foreign Minister Liu
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[Mar. 31, 2017]  Myanmar is reportedly delaying the operational start-up of a pipeline to transfer crude oil through the country to China.The 770-km long pipeline built by China National Petroleum Corp. (CNPC), in a joint venture with state-owned Myanmar Oil & Gas Ent
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China Terminals & Storage
[Mar. 8, 2017]  Sinopec Corp is expected to start operating by June a new commercial crude oil tank farm in the southern Chinese city of Zhanjiang, where a large strategic reserve site is also under construction, three industry sources said this week.The new commercial t
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[Mar. 6, 2017]  COSCO Shipping Heavy Industry Co Ltd, China’s third largest shipbuilder by output, plans to cut the number of shipyards that are able to manufacture offshore engineering products from five to two by 2020, its senior executive said on Friday.The move
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[Feb. 17, 2017]  Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, said Thursday that it has won its patent case in China which is related to its core technology for LNG-fueled ship.Daewoo Shipbuilding said that a filing by a Chinese shipbuilding an
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China Petrochemical
[Apr. 19, 2017]  China is inching closer to imposing a consumption tax on mixed aromatics, light cycle oil and bitumen blend, a move that will likely curb inflows of those products and stem surging oil product exports by Asia’s biggest oil consumer.The planned policy chan
[Mar. 23, 2017]  China and Saudi Arabia have signed preliminary deals that could be worth as much as $65 billion if finalized, Xinhua reports. The news came on the first day of a four-day visit by Saudi King Salman to China.China’s Deputy Foreign Minister Zhang Ming
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[Mar. 7, 2017]  Despite a slowing economy, high debt levels and overcapacity for some chemicals, China will continue its dominance of the global petrochemical marketplace, both in terms of consumption and production, but growth will moderate during the next few years, ac
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China Commodities
[Mar. 15, 2017]  China’s stockpiling of crude oil appears to have increased in the first two months of the year, despite prevailing higher prices caused by OPEC and its allies curbing output.The country rarely releases detailed inventory levels for strategic and commercia
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[Mar. 13, 2017]  A former executive of Shanghai Futures Exchange said on Sunday that the exchanges is "actively" preparing to launch the long-awaited crude oil contract, but declined to comment on the timeline for the launch.* Yang Maijun, former head of the Sha
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[Mar. 2, 2017]  China’s commercial oil products inventory jumped more than 10 percent from Dec to 17.9 million tonnes, the highest level since July, the official Xinhua news agency said on Wednesday. Crude oil inventory inched up 1.64 percent to 29.8 million tonnes
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China Finance & Acquisition
[Apr. 20, 2017]  China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters.Saudi A
[Apr. 19, 2017]  Earlier this year, China was thought to have indefinitely postponed plans to launch a new oil futures contract, but it’s looking now like it is having a change of heart, and is preparing to launch a Shanghai crude oil futures contract as early as in
[Mar. 30, 2017]  Sabic and Sinopec have signed a strategic agreement to study opportunities for joint projects in Saudi Arabia and China. Under the agreement, signed on March 16, 2017, the largest Saudi and Chinese petrochemical companies are planning - for the first time
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China Govt & Regulatory
[Apr. 6, 2017]  China plans to start imposing consumption taxes on oil by-products such as light cycle oil and bitumen blend, which could upset the plans of traders and refineries who export such products to China, Reuters reported on Wednesday, citing four sources in th
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[Mar. 10, 2017]  China’s One Belt and One Road initiative, or the Silk Road Economic Belt and the 21st-century Maritime Silk Road initiative, should prioritize the development of the “One Road.”In terms of economic volume and market capacity, the countri
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[Mar. 2, 2017]  China’s top economic planner will not adjust domestic retail oil prices as global prices have stayed below the official pricing mechanism, according to an announcement.Under the current mechanism, prices of refined oil products are adjusted when cru
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