BEIJING, June 8 (Xinhua)-- China's crude oil import unit price hit a record high in May as global crude oil prices continued to rise, official data showed Wednesday. China spent 60.76 billion yuan (9.26 billion U.S.dollars) on importing 32.24 million tonnes of crude oil in May with the...
From energy security point of view, one of the biggest threats to maintaining a stable oil price in the long run will be satisfying growth in Chinese demand. That is what is putting pressure on prices. An optimistic oil price could range from $100 to $130a barrel. However, this paper ...
SHANGHAI, March 30 (Xinhua) -- The price of the main contract of China's crude oil futures settled at 420.3 yuan (76 U.S. dollars) on Friday, 4.3 yuan higher than its listed benchmark price at 416 yuan per barrel. On Friday, the Shanghai International Energy Exchange (INE) recorded ...
During the cycle, the trend of crude oil market has declined, and the retail price adjustment of refined oil in 2024 will encounter the "eighth" downward adjustment. Entering this pricing cycle, the international oil price market first fell and then rose. As of the 19th, the settlement price...
Guangzhou (JLC), June 7, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell Wednesday after the Energy Information Administration (EIA) boosted its forecast
The current round of domestic refined oil price adjustment window opened at 24:00 on September 20, and the retail price of refined oil may rise again. The 2023 retail price adjustment has gone through "nine rises, six falls, and three strandings". During the cycle, the crude oil market ...
Both gasoline and diesel retail prices are likely to be cut by no more than 200 yuan ($32.5) per ton, according to a report released Sunday based on data from Xinhua's oil price monitoring system. The report said the global crude supply remained sufficient since oil exports in Ukraine and...
crude oil to China, equivalent to 1.73 million barrels per day. However, China’s crude oil imports from Saudi Arabia in the first two months of 2023 totaled 13.92 million tons, or about 1.73 million barrels per day, down 4.7% year-on-year, while the average price climbed nearly 4% ...
BEIJING, March 20 (TMTPOST) – China’s crude oil imports from Russia in January and February 2023 jumped by nearly 24% year-on-year to 15.68 million tons at an average price of approximately $539.64 per ton, down 11.71% from that of the previous year.Ac
crude oil to China, equivalent to 1.73 million barrels per day. However, China’s crude oil imports from Saudi Arabia in the first two months of 2023 totaled 13.92 million tons, or about 1.73 million barrels per day, down 4.7% year-on-year, while the average price climbed nearly 4% ...