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State-owned refinery run rate declines further in May

Beijing (JLC), June 4, 2026—Chinese state-owned oil refineries’ run rate in May 2026 sagged to the lowest since March 2020, JLC’s data indicates.

06-04-2026 17:59:47

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

State-owned refinery run rates drop further in December

Guangzhou (JLC), January 8, 2026--Chinese state-owned oil refineries' run rates continued to fall in December 2025, as three refineries underwent maintenance throughout the month after shutting down s

01-08-2026 15:55:38

State-owned refinery run rates edge up in late December

Guangzhou (JLC), January 4, 2026--Chinese state-owned oil refineries' run rates gained slightly in the week ending December 31, 2025 (Wednesday), JLC’s data shows.

01-04-2026 15:51:01

Shandong independents' run rates fall further in late December

Guangzhou (JLC), December 31, 2025--Shandong independent refiners' operating rates extended losses in the week ending December 31, JLC’s data shows.

12-31-2025 18:39:28

INE crude price rises as OPEC+ maintains decision to halt output hikes

Guangzhou (JLC), December 1, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Monday due to OPEC+'s reaffirmation of a pause in output increas

12-01-2025 19:01:18

Crude stocks at Shandong ports decline further, still high

Guangzhou (JLC), August 7, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports declined further in the week ending August 7 when delivery out of local ports exceeded unloading.

08-07-2025 18:59:58

China INE crude price rallies after five straight declines

Guangzhou (JLC), February 28, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) staged a technical rebound on Friday after consecutive declines over the past fiv

02-28-2025 19:00:01

China INE crude price records fifth straight decline

Guangzhou (JLC), February 27, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell for the fifth working day on February 27 as concerns over Kazakhstan’s oil s

02-27-2025 18:57:00

China INE crude price falls after US declares national energy emergency

Guangzhou (JLC), January 21, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Tuesday after US President Donald Trump declared a national energy

01-21-2025 19:04:03

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

Shandong independents receive more imported feedstock in December

Guangzhou (JLC), January 10, 2025--Shandong-based independent refiners received more imported feedstock in the last month of 2024, amid expectation of growing demand.

01-10-2025 16:02:12

Shandong independents' December run rates set 8-month high

Guangzhou (JLC), January 6, 2025--Shandong-based independent refiners' operating rates rose to an 8-month high in December as some refiners raised their throughput amid low inventory and better sales.

01-06-2025 17:38:25

State-owned refineries' December run rates hit 28-month low

Guangzhou (JLC), January 6, 2025--Chinese state-owned oil companies' refinery operating rates reached a 28-month low in December amid seasonally weak fuel demand and short export quotas.

01-06-2025 15:06:51

Crude stocks at Shandong ports largely steady in late December

Guangzhou (JLC), December 27, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports became largely stable in the week to December 26, JLC's data shows.

12-27-2024 15:25:44

Sinopec raises Shengli crude price for December

Guangzhou (JLC), December 26, 2024--Sinopec marked up its Shengli crude price slightly for December 2024, following modest rises in international crude prices, according to refiner sources in Shandong

12-26-2024 17:36:35

Shandong independents' run rates inch down in late December

Guangzhou (JLC), December 25, 2024--Shandong independent refiners' operating rates edged down in the week to December 25, with a couple of refiners cutting their throughput modestly.

12-25-2024 18:18:29

Crude stocks at Shandong ports retreat in mid-December

Guangzhou (JLC), December 19, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports decreased in the week to December 19, as outbound delivery outpaced cargo unloading.

12-19-2024 18:40:05

Crude stocks at Shandong ports rebound slightly in early December

Guangzhou (JLC), December 6, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded slightly in the week to December 5, as unloading outpaced outbound delivery modestly.

12-06-2024 16:11:20

Chinese SOEs to lower December crude runs as demand weakens

Guangzhou (JLC), December 3, 2024--Chinese state-owned enterprises plan to cut their crude throughput in December, as fuel demand becomes seasonally weak and their exports drop amid short quotas.

12-03-2024 18:32:28

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