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Independents’ refining margins for imported crude slide

Guangzhou (JLC), April 30, 2025--Shandong-based independents’ refining margins for imported crude slid in the week to April 30, because of a fall in their sales revenue.

04-30-2025 19:07:43

Liaodong Bay’s oil and gas output sets record high in Q1

Guangzhou (JLC), April 29, 2025--Oilfields in Liaodong Bay of the Bohai Sea produced over 3.20 million mt of oil and gas in the first quarter of this year, hitting a historical high, CNOOC reported o

04-29-2025 15:34:27

Independents’ crude refining margins surge as costs tumble

Guangzhou (JLC), April 9, 2025--Shandong-based independents’ crude refining margins surged in the week to April 9, due to a slump in crude costs, despite a decline in their sales revenue.

04-09-2025 18:57:19

Independents’ crude refining margins continue to drop

Guangzhou (JLC), March 27, 2025--Shandong-based independents’ crude refining margins continued to drop in late March, due to higher costs and lower sales revenue.

03-27-2025 14:18:48

Sinopec discovers over 140 mln mt of shale oil reserves

Guangzhou (JLC), March 26, 2025--Sinopec discovered over 140 million mt of shale oil reserves in the Xinxing Oilfield in the Shengli Jiyang Shale Oil National Demonstration Zone on March 22, with the

03-26-2025 19:04:44

Independents’ refining margins for imported crude plunge

Guangzhou (JLC), January 2, 2025--Shandong-based independents’ refining margins for imported crude plunged in the week to January 1, 2025, as crude costs increased and sales revenue declined.

01-02-2025 17:36:39

Independents’ crude refining margins recoup some losses

Guangzhou (JLC), November 20, 2024--Shandong-based independents’ crude refining margins recouped some losses in mid-to-late November, on the back of sliding crude costs and rising sales revenue.

11-20-2024 16:43:57

Independents’ crude refining margins continue to drop

Guangzhou (JLC), November 13, 2024--Shandong-based independents’ crude refining margins continued to drop in mid-November, dampened by rising costs and decreasing sales revenue.

11-13-2024 18:37:00

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), September 25, 2024--Shandong-based independents’ refining margins for imported crude plunged significantly and turned negative in late September, due to higher crude costs and lower s

09-25-2024 17:27:22

Independents’ refining margins for imported crude surge

Guangzhou (JLC), September 12, 2024--Shandong-based independents’ refining margins for imported crude rebounded rapidly in the week to September 11, buoyed by plunging crude costs, despite a fall in

09-12-2024 16:55:03

Independents unload more imported feedstock in August

Guangzhou (JLC), September 5, 2024--Shandong-based independent refiners unloaded more imported feedstock in August, mainly because of stronger gasoline demand and better crude refining margins.

09-05-2024 17:32:03

Independents’ refining margins for imported crude double

Guangzhou (JLC), July 31, 2024--Shandong-based independents’ refining margins for imported crude doubled in late July as crude costs extended drops, despite lower sales revenue.

07-31-2024 19:01:33

Independents’ refining margins for imported crude plunge

Guangzhou (JLC), June 19, 2024--Shandong-based independents’ refining margins for imported crude plunged in the week to June 19, squeezed by rallying costs and falling sales revenue.

06-19-2024 18:02:03

Independents’ crude refining margins dive further

Guangzhou (JLC), May 23, 2024--Shandong-based independents’ refining margins for imported crude dived further in the week to May 22, as their sales revenue decreased and crude costs climbed slightly.

05-23-2024 14:41:00

Shandong independents decelerate feedstock unloading in April

Guangzhou (JLC), May 10, 2024--Shandong-based independents slowed down their feedstock unloading in April, as their consumption decreased amid a peak of unit maintenance.

05-10-2024 19:02:31

Crude stocks at Shandong ports continue to rise in mid-April

Guangzhou (JLC), April 18, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports continued to rise in the middle of April, because of more cargo unloading despite faster consumpti

04-18-2024 19:00:17

Independents’ refining margins for imported crude turn positive

Guangzhou (JLC), April 17, 2024--Shandong-based independents’ refining margins for imported crude rebounded and turned positive in the middle of April, as prices of most downstream products increased

04-17-2024 18:36:58

Crude stocks at Shandong ports rally on less outbound delivery

Guangzhou (JLC), April 11, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rallied in the week to April 11, as local independents took less feedstock out of local ports, thou

04-11-2024 17:48:30

Independents’ refining margins for imported crude move lower

Guangzhou (JLC), April 11, 2024--Shandong-based independents’ refining margins for imported crude moved lower in the week to April 10, as crude costs extended increases.

04-11-2024 15:14:24

Independents’ crude refining margins plunge further

Guangzhou (JLC), April 3, 2024--Shandong-based independents’ crude refining margins plunged further in early April, dampened by continuous rises in crude costs.

04-03-2024 17:58:23

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