The wave of restructuring in China's energy market appears to be just the beginning, following the official merger of Sinopec and China National Aviation Fuel (CNAF) announced by SASAC earlier this year.   Recent market reports suggest that CNOOC is planning to acquire downstream assets from Sinoche

China's LPG market is shifting from a demand-driven lull in February to an expected supply-focused rally in March, as escalating geopolitical tensions in the Middle East threaten import stability.

China's refined oil exports reported a monthly reduction of around 5% based on OilChem's tracking of the shipping fixture, which is largely due to contracting gasoline exports amidst robust domestic consumption during the Chinese New Year (CNY) holiday as well as poor export margins.   In detail, Ch

On the demand end, the gasoline demand is projected to weaken from the holiday peak, while the gasoil consumption will likely resume with logistics services and some engineering projects restarting post the CNY holiday.

China's natural gas market in 2026: fading seasonality and a rebalancing of LNG imports The year 2025 marked an inflection point for China's natural gas market. The traditional winter heating season failed to generate the usual price volatility, while LNG imports, historically the primary source of