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Independents' refining margins for imported crude plunge

Guangzhou (JLC), April 23, 2026--Shandong-based independents' refining margins for imported crude plunged in the week to April 22, due to a rally in crude costs and a further decline in sales revenue.

04-23-2026 15:47:59

Independents' refining margins for imported crude surge

Guangzhou (JLC), April 15, 2026--Shandong-based independents' refining margins for imported crude surged in mid-April when crude costs dropped more significantly than sales revenue.

04-15-2026 18:49:12

China's daily crude oil imports drop in March, but still high

Guangzhou (JLC), April 14, 2026--China's daily crude oil imports fell both month-on-month and year-on-year in March 2026, according to the latest data from the GACC.

04-14-2026 16:34:07

Independents' refining margins for imported crude rebound

Guangzhou (JLC), April 9, 2026--Shandong-based independents' refining margins for imported crude rebounded in the week to April 8, because of a decline in crude costs and a slight rally in their sale

04-09-2026 18:53:18

Independents' refining margins for imported crude turn negative again

Guangzhou (JLC), April 1, 2026--Shandong-based independents' refining margins for imported crude turned negative again in the week to April 1, due to an increase in crude costs and a decline in their

04-01-2026 18:53:48

Independents' refining margins for imported crude turn positive

Guangzhou (JLC), March 25, 2026--Shandong-based independents' refining margins for imported crude turned positive in late March, as their sales revenue increased more significantly than crude costs.

03-25-2026 18:30:26

China hikes Russian crude imports sharply in first two months of 2026

Guangzhou (JLC), March 20, 2026—China hiked its imports of Russian crude sharply in the first two months, due to attractive prices and abundant supply.

03-20-2026 18:54:40

China’s crude imports surge 15.8% in first two months

Guangzhou (JLC), March 10, 2026--China imported a total of about 96.93 million mt of crude oil in the first two months of 2026, an upsurge of 15.8% from the corresponding months last year, according t

03-10-2026 15:02:32

Shandong independents' refining margins for imported crude slide

Guangzhou (JLC), February 26, 2026--Shandong-based independents' refining margins for imported crude slid in late February, as crude costs increased more significantly than sales revenue.

02-26-2026 17:13:09

Maoming Port's crude imports set new high in 2025

Guangzhou (JLC), January 28, 2026--Crude imports via Maoming Port hit a record high in 2025, Maoming Net reported on January 20.

01-28-2026 16:08:58

Russian crude accounts for smaller share in China’s imports in 2025

Guangzhou (JLC), January 20, 2026--Russian crude accounted for a smaller share in China’s crude imports in 2025 when shipment from Russia declined and the latter’s total imports grew.

01-20-2026 15:28:01

Shandong independents' refining margins for imported crude retreat

Guangzhou (JLC), January 15, 2026--Shandong-based independents' refining margins for imported crude retreated in the middle of January, due to an increase in crude costs, despite a rise in independent

01-15-2026 17:23:30

China's crude imports soar to new high in December 2025

Guangzhou (JLC), January 14, 2026--China's crude oil imports surged to a new high in December 2025, according to the latest data from the General Administration of Customs of the PRC (GACC).

01-14-2026 16:04:03

China continues to halt crude imports from U.S. in November

Guangzhou (JLC), December 26, 2025--China continued to suspend crude imports from the U.S. in November 2025, the sixth straight month, according to data from the GACC.

12-26-2025 18:24:11

Independents' refining margins for imported crude slide

Guangzhou (JLC), December 24, 2025--Shandong-based independents' refining margins for imported crude slid in the week to December 24, due to a larger drop in their sales revenue than in crude costs.

12-24-2025 18:31:58

Independents find higher refining margins for imported crude

Guangzhou (JLC), December 18, 2025--Shandong-based independent refiners found higher refining margins for imported crude in the middle of December, as imported crude costs declined further.

12-18-2025 13:40:06

Independents' refining margins for imported crude continue to grow

Guangzhou (JLC), December 11, 2025--Shandong-based independent refiners' refining margins for imported crude continued to grow in the week to December 10, thanks to lower crude costs.

12-11-2025 16:08:25

China’s crude imports rebound to 27-month high in November

Guangzhou (JLC), December 8, 2025--China's crude oil imports rebounded to a 27-month high in November 2025, according to the latest data from the General Administration of Customs of the PRC (GACC).

12-08-2025 14:16:00

Independents' refining margins for imported crude rise in early Dec

Guangzhou (JLC), December 4, 2025--Shandong-based independent refiners' refining margins for imported crude increased in early December when crude costs dropped more significantly than sales revenue.

12-04-2025 11:17:36

Independents see stable refining margins for imported crude

Guangzhou (JLC), November 26, 2025--Shandong-based independent refiners saw relatively stable refining margins for imported crude in late November, as a slip in crude costs counteracted a decline in t

11-26-2025 18:55:16

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