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Shandong independents’ run rates edge down in early December

Guangzhou (JLC), December 6, 2023--Shandong independent refiners saw slightly lower refinery utilization in the week to December 6 when fuel demand was seasonally weak.

12-06-2023 18:39:08

Independents’ crude refining margins surge in early December

Guangzhou (JLC), December 6, 2023--Shandong-based independents’ crude refining margins surged in early December, as crude costs extended drops and prices of most downstream products ticked up.

12-06-2023 18:36:48

China INE crude price continues falling

Guangzhou (JLC), December 5, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to drop on Tuesday amid pessimism about OPEC+ voluntary output cuts.

12-05-2023 19:15:48

State-owned refineries' November run rates still drop

Guangzhou (JLC), December 5, 2023--Chinese state-owned oil companies continued to cut their refinery operating rates in November 2023, mainly due to seasonally weak demand for fuel and tight quotas.

12-05-2023 18:35:45

China INE crude price retreats after US oil rigs rise

Guangzhou (JLC), December 4, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Monday after an increase in the US oil rigs and uncertainty over OPEC

12-04-2023 18:59:32

China INE crude price stable after underwhelming OPEC+ cuts

Guangzhou (JLC), December 1, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) was roughly stable on Friday.

12-01-2023 19:11:56

Sinopec and PetroChina reduce November crude runs as fuel demand weakens

Guangzhou (JLC), December 1, 2023--Sinopec and PetroChina both cut their crude runs in November, as fuel demand shrank and export quotas were tight.

12-01-2023 18:44:22

PetroChina Dushanzi brings forward its overhaul schedule in 2024

Guangzhou (JLC), December 1, 2023 – PetroChina Dushanzi Petrochemical (200,000 b/d) in Xinjiang Uygur Autonomous Region has decided to move its overhaul schedule up to May 15, 2024, the company said.

12-01-2023 18:27:49

Bohai Oilfield’s daily output tops 100,000 mt of oil equivalent

Guangzhou (JLC), December 1, 2023 – Daily oil and gas production of the Bohai Oilfield, China’s largest offshore oilfield, has recently exceeded 100,000 mt of oil equivalent for the first time.

12-01-2023 18:25:07

Shandong independents see lower feedstock arrivals this week

Guangzhou (JLC), December 1, 2023--Shandong-based independent refiners and traders saw fewer feedstock arrivals in the week to December 1, as a result of import quota tightness.

12-01-2023 16:12:17

China INE crude price inches up before impending OPEC+ meeting

Guangzhou (JLC), November 30, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended small gains on Thursday in advance of the approaching OPEC+ meeting.

11-30-2023 19:17:06

State-owned refinery run rates rise after unit restart

Guangzhou (JLC), November 30, 2023--Chinese state-owned oil refineries' run rates rose in the week to November 29 (Wednesday), as PetroChina Sichuan Petrochemical (200,000 b/d) continued to raise its

11-30-2023 18:38:41

Crude stocks at Shandong ports drop on fewer cargoes

Guangzhou (JLC), November 30, 2023--The stocks of crude, fuel oil and diluted bitumen at Shandong ports fell in the week to November 30, after a fall in cargo unloading.

11-30-2023 18:25:52

China INE crude price lifted by US crude stock draw

Guangzhou (JLC), November 29, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) bounced back on Wednesday after US crude inventories saw a decline.

11-29-2023 19:11:09

Shandong independents’ run rates inch up in late November

Guangzhou (JLC), November 29, 2023--Shandong independent refiners saw slightly higher refinery utilization in the week to November 29, after continued improvement in refining margins.

11-29-2023 18:21:26

Independents find higher refining margins for imported crude

Guangzhou (JLC), November 29, 2023--Shandong-based independents found higher refining margins for imported crude in late November when costs fell further.

11-29-2023 17:12:40

Sri Lanka signs contract with Sinopec on refinery construction

Guangzhou (JLC), November 29, 2023--The government of Sri Lanka has signed an official contract with Sinopec on the construction of an oil refinery in the country, Kanchana Wijesekera, Sri Lanka’s Mi

11-29-2023 16:35:15

China INE crude price retreats on wait-and-see sentiment

Guangzhou (JLC), November 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) came down on Tuesday when market participants were awaiting the OPEC+ meeting.

11-28-2023 18:47:53

Sinopec cuts Shengli crude price for November

Guangzhou (JLC), November 28, 2023--Sinopec marked down its Shengli crude price for November 2023, in view of falls in international crude prices, according to refiner sources in Shandong.

11-28-2023 15:48:22

China INE crude price edges up on slightly weaker yuan

Guangzhou (JLC), November 27, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended small gains on Monday after the Chinese yuan slightly depreciated.

11-27-2023 18:44:36

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