At ICIS, our international team of experts follows the crude oil markets every day, ensuring readers are armed with the latest prices which they can use to help make business decisions.
Our in-depth pricing information is published in the daily China Crude Report, providing Chinese and international crude oil market participants with the latest Chinese crude oil price assessments and market commentary on factors driving prices.
Use ICIS information to:
- Trade crude oil across the global market place
- Understand the relative delivered values of crude grades to China
- Read about factors driving the prices
- Develop internal analytical models using our figures
Now availiable: Comprehensive data on over 300 commercial oil terminals in China
Crude oil news and market information products from ICIS
We offer the following regional Crude oil coverage to keep you informed of factors and developments affecting prices in the China Crude oil marketplace.
Price Reporting – More information about the price reports we publish on Crude oil
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
News & analysis
News & Analysis - News & market analysis specifically relating to Crude oil
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q3 2014
Although the crude throughput in China increased in the third quarter because of Sinopec Shijiazhuang’s 10m tonne/year refining project coming on stream in August, the increased capacity did not dent China’s import demand.
China imported 48.9m tonnes of crude oil between July and August this year, according to data released by the country’s General Administration of Customs (GAC). The total volume of imports for the first eight months of this year reached 200.9m tonnes, up by 8.2% year on year.
As injections into China’s crude oil reserves increased significantly in the first half of the year, the rate of injection in the third quarter was likely to slow down.
Furthermore, given that the following year is the last in the Chinese government's 12th five-year plan, China should complete the storage facility for phase II (2011-2015) of its strategic crude reserves.
The China Crude Report is aimed at Chinese crude oil buyers, producers, traders and banks, as well as international exporters to China and everyone with an interest in the Chinese crude oil markets.
The coverage includes:
• Daily FOB price assessments
• CIF (cost, insurance and freight) China assessments for crude grades delivered to China, calculated using a sophisticated model based on FOB spot price assessments and freight rates from ship broker SSY
• Daily market commentary for all covered regions
• Forward curves on main markers: BFOE, Dubai and WTI
Regions covered in the report include Asia-Pacific, Persian Gulf, East and West Africa, FSU, Mediterranean and East/West Africa. Our price data reflects delivered crude oil prices from these regions.
The China Crude Report is available in English and Mandarin.
ICIS Heren offers an unmatched historical data series thanks to its pioneering work on the energy markets. Whether you are looking to build pricing models, analyse past trends or strengthen your risk management strategy, ICIS Heren's historical data will help you make better decisions and complete your data archive.
Our historical pricing information includes price assessments, indices and trades and - for some markets - stretches as far back as 1994. Our historical data suite can provide you with: price assessments and trades for Europe's most liquid hubs; benchmark indices series for flagship NBP market; unrivalled price history for seven European power markets; LNG price assessments, pool prices and trades; detailed pricing information for the crude oil, carbon and coal markets; tailored packages to suit your needs.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Crude oil, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.