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Independents' refining margins for imported crude plunge

Guangzhou (JLC), October 22, 2026--Shandong-based independents' refining margins for imported crude plunged in the week to October 21 when crude costs rose more significantly than sales revenue.

10-22-2026 14:18:25

Independents' refining margins for imported crude turn negative

Guangzhou (JLC), October 15, 2026--Shandong-based independents' refining margins for imported crude turned negative in mid-October, due to a surge in crude costs.

10-15-2026 13:58:20

Maoming Port sees delivery of 300,000-dwt crude terminal

Guangzhou (JLC), October 14, 2026--After passing the handover acceptance, the 300,000-dwt crude oil terminal in the Bohe New Port Area of Maoming Port was delivered by No. 2 Engineering Co., Ltd. of C

10-14-2026 18:00:08

Shandong independents' feedstock unloading plunges to new low since 2020

Guangzhou (JLC), October 9, 2026--Shandong-based independent refiners and traders' feedstock unloading plunged in September 2026, setting a new low since 2020.

10-09-2026 17:02:11

Independents' crude refining margins weaken in early October

Guangzhou (JLC), October 9, 2026--Shandong-based independents' refining margins for imported crude weakened in early October, as refining costs increased and sales revenue declined.

10-09-2026 10:33:21

State-owned refinery run rates continue to rise

Guangzhou (JLC), September 30, 2026--Chinese state-owned oil refineries' run rates continued to rise in late September, because of unit restarts.

09-30-2026 18:27:32

Independents' crude refining margins grow in late September

Guangzhou (JLC), September 30, 2026--Shandong-based independents' refining margins for imported crude grew in late September, because of an increase in their sales revenue.

09-30-2026 17:11:07

Independents' refining margins for imported crude rally

Guangzhou (JLC), September 23, 2026--Shandong-based independents' refining margins for imported crude rallied in the week to September 23, because of a drop in crude costs, despite a slight decline i

09-23-2026 18:39:19

Independents' refining margins for imported crude retreat

Guangzhou (JLC), September 17, 2026--Shandong-based independents' refining margins for imported crude retreated in mid-September, as crude costs rose more significantly than sales revenue.

09-17-2026 14:09:39

Independents' crude refining margins grow further

Guangzhou (JLC), September 11, 2026--Shandong-based independent refiners' crude refining margins grew further in the week to September 9, as sales revenue gained more than crude costs.

09-11-2026 10:47:59

Independents' refining margins for imported crude surge

Guangzhou (JLC), September 3, 2026--Shandong-based independent refiners' refining margins for imported crude surged in early September, as crude costs slipped and sales revenue increased.

09-03-2026 11:34:57

Independents' crude refining margins improve in late August

Guangzhou (JLC), August 27, 2026--Shandong-based independent refiners' crude refining margins improved in late August, because of increasing sales revenue, despite higher crude costs.

08-27-2026 17:14:38

Independents' refining margins for imported crude plunge

Guangzhou (JLC), August 20, 2026--Shandong-based independent refiners' refining margins for imported crude plunged in the week to August 19, when crude costs rose more significantly than sales revenue

08-20-2026 14:53:17

Independents' refining margins for imported crude surge

Guangzhou (JLC), August 13, 2026--Shandong-based independent refiners' refining margins for imported crude surged in the week to August 12, because of lower crude costs and higher sales revenue.

08-13-2026 14:40:07

Shandong independents' feedstock unloading rebounds in July

Guangzhou (JLC), August 6, 2026--Shandong-based independent refiners and traders' feedstock unloading rebounded month on month in July, though it was still relatively low.

08-06-2026 16:16:44

Independents' refining margins for imported crude turn positive

Guangzhou (JLC), August 6, 2026--Shandong-based independent refiners' refining margins for imported crude turned positive in early August, as crude costs dropped rapidly and sales revenue increased.

08-06-2026 16:05:40

Independents' refining margins for imported crude weaken

Guangzhou (JLC), July 30, 2026--Shandong-based independent refiners' refining margins for imported crude weakened in late July, as crude costs rose more significantly than sales revenue.

07-30-2026 15:55:54

China imports crude from fewer sources in H1

Guangzhou (JLC), July 23, 2026--China imported crude from only 35 countries and regions in the first half (H1) of this year, down from 45 in the same period of time in 2025, according to the data from

07-23-2026 18:56:47

Shandong independents' crude refining margins improve

Guangzhou (JLC), July 23, 2026--Shandong-based independent refiners' crude refining margins improved in the week to July 22, because of an increase in their sales revenue.

07-23-2026 16:24:35

Independents' refining margins for imported crude turn negative

Guangzhou (JLC), July 16, 2026--Shandong-based independent refiners' refining margins for imported crude turned negative in mid-July as crude costs inflated.

07-16-2026 13:58:25

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