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Domestic fuel market extends losses on slack demand, weaker crude

Guangzhou (JLC), December 2, 2022--The domestic fuel market extended losses this week because of still depressed domestic fuel demand and the weakening international crude market, in addition to the a

12-02-2022 17:35:11

State-owned refineries’ run rates slip on maintenance at end of November

Guangzhou (JLC), December 2, 2022--State-owned oil companies’ refinery utilization rate slipped further in the week to November 30, because of the turnaround at Sinopec Anqing Petrochemical.

12-02-2022 15:18:32

Shandong independents’ crude imports jump in Nov

Guangzhou (JLC), December 2, 2022--Shandong-based independent refineries’ crude imports jumped both on month and year in November as previously expected, because of abundant crude import quotas combin

12-02-2022 11:54:32

China INE crude price climbs on bullish EIA data

Guangzhou (JLC), December 1, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) continued upward on Thursday, following bullish inventory data from the Energy Inf

12-01-2022 19:35:36

Crude stocks at Shandong ports edge up on slower consumption

Guangzhou (JLC), December 1, 2022--The crude stocks at Shandong ports edged up in the week to December 1, after local consumption slowed down further.

12-01-2022 19:11:44

Sinopec boosts November crude runs sharply

Guangzhou (JLC), December 1, 2022--Sinopec boosted its crude runs sharply in November 2022, due to large oil product exports and efforts to achieve its annual production targets before the yearend.

12-01-2022 18:04:46

State-owned oil companies raise November refinery run rates on large exports

Guangzhou (JLC), December 1, 2022--Chinese state-owned oil companies raised their refinery operating rates in November, due to large oil product exports and efforts to achieve their annual production

12-01-2022 14:45:41

Independents’ refining margins slump as sales revenue dives

Guangzhou (JLC), December 1, 2022--Shandong-based independents’ refining margins for domestic crude plummeted into negative territory this week, the first time since mid-August, mainly owing to a size

12-01-2022 12:03:46

China INE crude price rises further on US crude stock draw

Guangzhou (JLC), November 30, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) extended gains on Wednesday, after data showed a large US crude inventory draw.

11-30-2022 19:32:49

Shandong independents’ run rates drop for seven weeks in a row

Guangzhou (JLC), November 30, 2022-Shandong-based independent refiners’ run rates extended drops in the week to November 30, marking declines in seven consecutive weeks.

11-30-2022 18:49:53

China’s diesel output likely to set another record high in November

Guangzhou (JLC), November 30, 2022--China’s diesel output is likely to set another record high in November, because of relatively good profit margins.

11-30-2022 15:22:29

China Nov blended gasoline, diesel prices dip on bearish factors

Beijing (JLC), November 30, 2022--China’s blended gasoline and diesel prices declined in November 2022 on bearish crude, dropping blending feedstock prices and weakening demand.

11-30-2022 00:00:00

China tallies sharp plunge in MTBE exports in Oct

Guangzhou (JLC), November 29, 2022--China tallied a steep month-on-month plunge in its MTBE exports in October, as the export arbitrage window was still closed and domestic MTBE supply decreased furth

11-29-2022 20:00:20

China INE crude price rallies on weaker yuan

Guangzhou (JLC), November 29, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) rebounded slightly on Tuesday, following a depreciation of Chinese yuan.

11-29-2022 18:51:16

China’s bonded bunker fuel exports drop faster in Jan-Oct

Guangzhou (JLC), November 29, 2022--China tallied a faster drop in its bonded bunker fuel exports in January-October, as demand in the shipping market was further subdued by the epidemic and domestic

11-29-2022 15:55:33

China’s crude imports to surge in last two months of 2022

Guangzhou (JLC), November 29, 2022--China’s crude imports are likely to surge in the last two months of 2022, amid independent refiners’ efforts to use up their 2022 quotas.

11-29-2022 15:45:36

China INE crude price slips after US oil rig count rises

Guangzhou (JLC), November 28, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) fell Monday, following an increase in the US oil rig count.

11-28-2022 18:51:47

Review of major events in China oil market in 2022 (1)

Guangzhou (JLC), November 28, 2022--China’s oil market continued to see great changes in 2022, with fuel demand dampened by the virus more sharply, diesel prices strengthening against gasoline...

11-28-2022 17:12:52

China’s naphtha output remains near record high

Guangzhou (JLC), November 26, 2022--China’s October naphtha output remained near the record high when Chinese refineries continued to adjust their product mixes to better meet demand.

11-26-2022 18:42:03

China INE crude price falls slightly

Guangzhou (JLC), November 25, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) edged down on Friday, depressed by virus-related demand concerns.

11-25-2022 18:41:19

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