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China INE crude price slips again after rate hikes in Europe

Guangzhou (JLC), February 3, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) fell further Friday on continued large interest rate hikes by European Central Ban

02-03-2023 19:19:44

Shandong independents’ run rates extend gains in Jan on recovering demand

Guangzhou (JLC), February 3, 2023--Shandong-based independent refiners’ operating rates edged up in January, because of recovering fuel demand and improving refining margins.

02-03-2023 17:13:10

State-owned oil companies’ refinery run rates remain stable after holiday

Guangzhou (JLC), February 2, 2023--State-owned oil companies kept their refinery run rates stable after the public holiday in late January, when no refineries came back online or offline.

02-02-2023 23:40:16

China INE crude price slips on stronger yuan

Guangzhou (JLC), February 2, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) continued to fall on Thursday after an appreciation in Chinese currency.

02-02-2023 20:16:08

Crude stocks at Shandong ports drop on faster consumption

Guangzhou (JLC), February 2, 2023--The crude stocks at Shandong ports dropped in the two weeks to February 2, as local refiners’ consumption grew and they delivered more feedstock out of local ports.

02-02-2023 20:14:30

Shandong independents to expand crude imports in Feb

Guangzhou (JLC), February 2, 2023--Shandong-based independent refiners are likely to boost their crude imports in February, encouraged by growing oil product demand and China’s release of the first tw

02-02-2023 19:03:03

State-owned oil companies lower January refinery run rates modestly

Guangzhou (JLC), February 2, 2023--Chinese state-owned oil companies lowered their refinery operating rates in January 2022 when domestic diesel demand was seasonally weak around the Chinese New Year.

02-02-2023 18:41:54

China INE crude price edges down on US crude inventory builds

Guangzhou (JLC), February 1, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) fell slightly on Wednesday after reports of large US crude and product inventory b

02-01-2023 19:45:51

Shandong-based independents’ refining margins surge faster

Guangzhou (JLC), February 1, 2023--Shandong-based independents’ refining margins for imported crude surged much faster this week, because of a further rise in downstream product prices and a reduction

02-01-2023 19:23:04

Shandong independents raise run rates on recovering demand

Guangzhou (JLC), February 1, 2023--Shandong-based independent refiners raised their run rates in late January and the beginning of February.

02-01-2023 19:19:19

China INE crude price slips further on worries about rate hikes

Guangzhou (JLC), January 31, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) extended drops on Wednesday amid the prospect of interest rate hikes by Western ce

01-31-2023 19:21:16

Sinopec raises Shengli crude price for January

Guangzhou (JLC), January 29, 2023--Sinopec raised its Shengli crude price for January 2023, tracking rallies in international crude prices, according to refiner sources in Shandong.

01-29-2023 18:50:08

China hikes crude imports from UAE in 2022

Guangzhou (JLC), January 24, 2023--China hiked its crude imports from the UAE in 2022, as the two countries deepened their cooperation.

01-24-2023 16:13:05

State-owned oil companies’ refinery run rates steady in mid-January

Guangzhou (JLC), January 19, 2023--State-owned oil companies kept their refinery run rates stable in the week to January 18, 2023 when market fundamentals didn’t change much.

01-19-2023 18:21:52

Crude stocks at Shandong ports drop modestly

Guangzhou (JLC), January 19, 2023--The crude stocks at Shandong ports dropped modestly this week, as more cargoes streamed out of the ports with local refiners’ stockpiling for the public holiday for

01-19-2023 17:58:52

China INE crude price dips on US crude and gasoline stock builds

Guangzhou (JLC), January 19, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) inched lower on Thursday because of the US crude and gasoline inventory builds and

01-19-2023 17:16:12

Chinese independents’ crude sources concentrate further in 2022

Guangzhou (JLC), January 19, 2023--Chinese independent refiners cut their crude imports in 2022, and their sources of imported grades concentrated further.

01-19-2023 17:08:33

Shandong independents’ run rates slip again on product destocking

Guangzhou (JLC), January 18, 2023--Shandong-based independent refiners cut their run rates again this week, when some refiners tried to reduce their product stocks.

01-18-2023 19:03:48

China INE crude price rises further on optimism about global economy

Guangzhou (JLC), January 18, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) climbed further on Wednesday, because of OPEC’s optimistic forecast for global eco

01-18-2023 18:49:16

Shandong-based independents find higher refining margins

Guangzhou (JLC), January 18, 2023--Shandong-based independents found more refining margins for both imported and domestic crude this week, mainly as a result of higher oil product prices.

01-18-2023 18:09:10

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