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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

China's daily crude runs hit 48-month low in June

Guangzhou (JLC), July 15, 2026--China's crude runs dropped further in June, with the daily volume hitting a 48-month low, as domestic refiners lowered their operating rates amid more unit maintenance

07-15-2026 15:07:29

HAPCO's general berths come into operation

Guangzhou (JLC), July 13, 2026--On July 9, vessel ''JIN YUAN 28'', carrying 29,800 mt of raw coal, berthed at berth 306 of Panjin Port, marking that Huajin Aramco Petrochemical Company (HAPCO)'s gener

07-13-2026 17:42:41

Independents' refining margins for imported crude retreat

Guangzhou (JLC), July 9, 2026--Shandong-based independent refiners' refining margins for imported crude retreated in the week to July 8 amid lower sales revenue, but they were still positive.

07-09-2026 16:24:30

Shandong independents' feedstock unloading sets new low since 2020

Guangzhou (JLC), July 3, 2026--Shandong-based independent refiners and traders' feedstock unloading plunged sharply in June, setting a new low since 2020.

07-03-2026 17:27:56

Independents' refining margins for imported crude turn positive

Guangzhou (JLC), July 2, 2026--Shandong-based independent refiners' refining margins for imported crude turned positive in the week to July 1, as crude costs decreased further.

07-02-2026 16:18:34

Independents' crude refining margins continue to grow

Guangzhou (JLC), June 25, 2026--Shandong-based independent refiners' crude refining margins continued to grow in the week to June 24, as crude costs dropped more significantly than sales revenue.

06-25-2026 15:19:57

Independents' crude refining losses narrow further

Guangzhou (JLC), June 18, 2026--Shandong-based independent refiners' crude refining losses narrowed further in the middle of June, as crude costs decreased, despite a modest decline in sales revenue.

06-18-2026 18:07:12

China's daily crude throughput hits 45-month low in May

Guangzhou (JLC), June 16, 2026--China's daily crude throughput dropped again in May, hitting a 45-month low, due to multiple factors, including tight feedstock supply, weak fuel demand, and peak unit

06-16-2026 18:40:39

Shandong independents unload less feedstock in May

Guangzhou (JLC), June 12, 2026--Shandong-based independent refiners and traders unloaded less imported feedstock in May 2026, due to an increase in their import costs.

06-12-2026 17:05:15

Independents' crude refining losses continue to narrow

Guangzhou (JLC), June 11, 2026--Shandong-based independent refiners' refining losses for imported crude continued to narrow in the week to June 10, as sales revenue rose more significantly than crude

06-11-2026 18:42:57

Independents' crude refining margins recoup more losses

Guangzhou (JLC), June 3, 2026--Shandong-based independent refiners' crude refining margins recouped more losses in early June, because of a sharp decline in crude costs, despite slightly lower sales r

06-03-2026 19:08:24

Independents' refining margins for imported crude soar

Guangzhou (JLC), May 27, 2026--Shandong-based independent refiners' refining margins for imported crude surged in late May, as crude costs dropped.

05-27-2026 18:40:49

Independents' crude refining margins drop on rising costs

Guangzhou (JLC), May 21, 2026--Shandong-based independent refiners' refining margins for imported crude dropped in the week to May 20, due to a rally in crude costs, despite slightly higher sales reve

05-21-2026 17:23:47

Independents' crude refining margins recoup some losses

Guangzhou (JLC), May 14, 2026--Shandong-based independent refiners' crude refining margins recouped some losses in mid-May, thanks to a decline in crude costs.

05-14-2026 11:54:35

Independents find more losses in imported crude refining margins

Guangzhou (JLC), May 7, 2026--Shandong-based independent refiners found deeper losses in their refining margins for imported crude in early May, as crude costs continued to increase.

05-07-2026 16:26:04

CNOOC sets record in oil and gas output in Q1

Guangzhou (JLC), April 29, 2026--CNOOC set a record in its net oil and gas output in the first quarter (Q1) of this year, according to the company's quarterly report released on April 28.

04-29-2026 19:27:59

Independents' refining margins for imported crude tumble again

Guangzhou (JLC), April 29, 2026--Shandong-based independents' refining margins for imported crude continued to tumble in late April, as crude costs surged and sales revenue went lower.

04-29-2026 18:02:40

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