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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

Independents’ crude refining margins retreat in late April

Guangzhou (JLC), April 25, 2025--Shandong-based independents’ refining margins for imported crude retreated in late April, as imported crude costs rallied and independents’ sales revenue decreased.

04-25-2025 11:11:55

China’s crude output hits new high in March 2025

Guangzhou (JLC), April 22, 2025--China's crude output hit a new high of 19.03 million mt in March 2025, a boost of 3.5% from the same month in 2024, according to data from the NBS.

04-22-2025 11:42:50

China's crude imports from Canada surge in Jan-Mar 2025

Guangzhou (JLC), April 21, 2025--China's crude imports from Canada surged year on year in the first three months of 2025, according to the data released by the GACC.

04-21-2025 16:20:46

Independents’ crude refining margins soar again as costs decrease

Guangzhou (JLC), April 17, 2025--Shandong-based independents’ crude refining margins soared again in the middle of April, bolstered by a further plunge in crude costs.

04-17-2025 11:39:37

China’s crude imports rise to 19-month high in March

Guangzhou (JLC), April 14, 2025--China imported 51.41 million mt of crude oil in March 2025, the highest since August 2023, according to data from the General Administration of Customs of the PRC (GAC

04-14-2025 15:48:09

Feedstock unloading for Shandong independents surge in March

Guangzhou (JLC), April 11, 2025--Shandong-based independent refiners continued to raise their cargo unloading in March, as crude refining margins improved and their operating rates climbed.

04-11-2025 19:19:00

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

State-owned refineries' March run rates retreat on maintenance

Guangzhou (JLC), April 7, 2025--Chinese state-owned oil companies' refinery operating rates fell back in March, as the refinery maintenance season kicked off.

04-07-2025 16:31:12

Independents’ crude refining margins plunge on surging costs

Guangzhou (JLC), April 3, 2025--Shandong-based independents’ crude refining margins plunged in early April as crude costs surged, despite a rise in their sales revenue.

04-03-2025 17:07:14

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

Independents find lower refining margins

Guangzhou (JLC), March 19, 2025--Shandong-based independents found lower refining margins for imported crude in the week to March 19, dragged down by rising crude costs and falling sales revenue.

03-19-2025 18:48:13

Independents’ refining margins for imported crude continue to grow

Guangzhou (JLC), March 13, 2025--Shandong-based independents’ refining margins for imported crude continued to grow in mid-March, buoyed by dropping crude costs, despite lower sales revenue.

03-13-2025 14:39:21

Shandong independents’ run rates extend rises as margins improve

Guangzhou (JLC), March 12, 2025--Shandong independent refiners’ operating rates extended rises in the week ending March 12, as their refining margins improved.

03-12-2025 18:53:45

State-owned refinery run rates edge up in early March

Beijing (JLC), March 7, 2025--Chinese state-owned oil refineries' run rates increased slightly in the week to March 5 (Wednesday), JLC’s data shows.

03-07-2025 16:20:05

Independents’ crude refining margins surge as costs decrease

Guangzhou (JLC), March 6, 2025--Shandong-based independents’ crude refining margins surged in early March, driven up by a further decrease in crude costs, despite lower sales revenue.

03-06-2025 11:55:14

Chinese SOEs to cut March crude runs on refinery maintenance

Guangzhou (JLC), March 4, 2025--Chinese state-owned enterprises (SOEs) plan to cut their crude throughput in March 2025, when several Sinopec refineries come under maintenance.

03-04-2025 16:39:02

Independents’ crude refining margins slip further

Guangzhou (JLC), February 27, 2025--Shandong-based independents’ crude refining margins slipped further in late February, squeezed by falling sales revenue, despite slightly lower costs.

02-27-2025 11:40:30

Independents’ refining margins for imported crude retreat

Guangzhou (JLC), February 20, 2025--Shandong-based independents’ refining margins for imported crude retreated in the week to February 19, due to a decrease in their sales revenue, despite a modest de

02-20-2025 14:02:34

Independents’ crude refining margins soar in mid-Feb

Guangzhou (JLC), February 13, 2025--Shandong-based independents’ crude refining margins soared rapidly in mid-February, driven by declines in crude costs and increases in their sales revenue.

02-13-2025 14:19:06

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