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INE crude collapses as OPEC+ disintegrates, Saudis slash prices

Guangzhou (JLC), March 10, 2020--The price of crude futures on the Shanghai International Energy Exchange (INE) collapsed further on Tuesday as OPEC+ failed to agree on additional production cuts and Saudi Arabia slashed its selling prices.

03-11-2020 10:24:35

Saudi Aramco, NORINCO to build refinery in NE China

Saudi Aramco, China North Industries Group Corporation (NORINCO) and Panjin Xincheng Industrial Group (Panjin Xincheng) signed a cooperation agreement on February 22 to form a joint venture to develop an integrated refining & petrochemical complex in Panjin city

02-26-2019 17:54:07

Saudi Aramco plans to invest US$335bn by 2025

Saudi Arabia's state-owned oil company Saudi Aramco has announced a US$334bn investment plan by 2025.

09-29-2016 11:29:27

Saudi Arabia regained the largest crude supplier to China in June

IJune Saudi Arabia regained the position of the largest crude supplier to China, after losing it in the previous three months competing with Russia.

07-22-2016 14:09:23

PetroChina wins the bid of Saudi Aramco pipeline project

PetroChina Pipeline Company reported that, it had won the bidding of Saudi Arabia Ras Tanura pipeline project of Saudi Aramco Company with total contract amount 330 million dollars.

07-14-2016 15:15:24

US oil reserves surpass those of Saudi Arabia and Russia

The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study.

07-06-2016 11:09:20

Asian countries are the main crude importers for Saudi Aramco

Saudi Aramco’s annual report read, in 2015 the crude exporting to Asian countries made up 65% of the total crude imports of Saudi Aramco, including China, Japan, South Korea, Philippines and India.

06-16-2016 16:51:32

Wars of China import crude: Russia VS Saudi Arabia

In April, China imports crude 4.806 million mt from Russia, increasing 52.4% against the previous year, and closed to the historical peak in December 2015. Meanwhile, Russia surpassed Saudi Arabia, a second consecutive month as the largest crude import origin for China.

06-08-2016 09:58:14

Saudi Aramco crude to Jingbo Petchem arrived in Longkou Port

It was reported that, the first shipment of crude from Saudi Arabia selling to China independent refinery had arrived in Longkou Port of Shandong Province on May 20th.

05-24-2016 16:07:04

Saudi Aramco signs LPG supply contract with Yantai Wanhua

The biggest crude oil exporter, Arabian American Oil Company signs a 200 million dollars LPG supply contract with Wanhua Chemistry (Yantai) Petrochemical Co. LTd (hereafter short as “Yantai Wanhua”).

05-18-2016 09:45:32

Saudi Aramco sold crude to China independent refinery Chambroad for the first time

Recently, the news that Saudi Aramco sold a shipment of crude with 0.73 million barrels loading in June to Shandong Chambroad Petrochemicals attracted wide attention, which is the first time for Saudi Aramco selling crude spot to China’s independent refinery.

04-29-2016 11:50:49

China crude imports from Saudi Arabia was closed to the historical peak

The news agency of Saudi Arabia read, amid the floor price of crude oil, in February China crude imports from Saudi Arabia hit the second historical record, around 1.38 million barrels per day, and was lower than 1.39 million barrels in February 2012, the peak record.

03-25-2016 15:59:36

The largest crude supplier to China-Russia or Saudi Arabia

Russia became the largest crude supplier to China in November, the third time surpassing Saudi Arabia.

12-22-2015 14:28:27

Saudi Arabian market shares of China crude import fell to 15%

12-21-2015 16:30:31

Saudi Arabia insists on current production

Saudi Arabia of OPEC pointed that, it would not cut the production and be positive to the market demand of Asia.

11-10-2015 16:21:13

Saudi Aramco expands cooperation with PetroChina

It was reported that the largest oil company Saudi Aramco engaged Deutsche Bank as the consultant for the possible purchasing billions of dollars PetroChina’s marketing, retailing and refining property.

10-08-2015 16:53:42

US crude oil trimmed gains amid no cutting be made in Saudi Arabia

On December 22th(Monday), upward momentum of US crude oil slowed because Saudi Arabia won’t cutting oil output to prop up oil price.

12-22-2014 17:25:09

Indonesia to sign sales, refinery agreements with CNOOC, Saudi Aramco next week

Indonesia expects to sign agreements with China's CNOOC Ltd, Saudi Aramco and two other oil companies next week covering direct oil sales and refinery investments in Southeast Asia's largest economy, a senior Pertamina official said.

12-04-2014 10:39:25

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