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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

State-owned refinery run rates drop for six weeks on maintenance

Guangzhou (JLC), April 25, 2025--As of the week ending April 23, Chinese state-owned oil refineries' run rates dropped for six weeks in a row, because of increasing refinery maintenance.

04-25-2025 14:15:42

INE crude price slips as OPEC+ may accelerates output increases

Guangzhou (JLC), April 24, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated Thursday on news that OPEC+ is considering an acceleration in output incre

04-24-2025 19:09:10

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

China INE crude price dips after IEA cuts demand growth forecast

Guangzhou (JLC), April 16, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) edged down on Wednesday after the International Energy Agency (IEA) downgraded its o

04-16-2025 18:51:14

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

State-owned refinery run rates drop further on maintenance

Guangzhou (JLC), April 10, 2025--Chinese state-owned oil refineries' run rates extended drops this week, as refineries that started maintenance earlier continued to lower their crude runs and one more

04-10-2025 18:35:54

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

Shandong independents’ run rates slip further on maintenance

Guangzhou (JLC), April 9, 2025--Shandong independent refiners’ operating rates extended losses in the week ending April 9 following the shutdown of a refinery for maintenance.

04-09-2025 18:54:10

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

State-owned refineries’ operating rate to drop on maintenance in April

Guangzhou (JLC), April 1, 2025--State-owned refineries' operating rate is expected to drop further in April, because of more refinery maintenance.

04-01-2025 18:50:36

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

Shandong independents’ run rates retreat as maintenance counters restart

Guangzhou (JLC), March 19, 2025--Shandong independent refiners’ operating rates retreated in the week ending March 19, after a crude distillation unit (CDU) came offline for maintenance.

03-19-2025 19:00:03

State-owned refinery run rates drop on maintenance

03-19-2025 18:32:01

Crude stocks at Shandong ports up as cargo arrivals return to normal

Guangzhou (JLC), March 13, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports extended gains in the week ending March 13 as cargo arrivals were gradually returning to normal.

03-13-2025 18:31:06

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

Shandong independents' run rates extend drops on maintenance

Guangzhou (JLC), February 12, 2025--Shandong independent refiners' operating rates extended drops in the week ending February 12, due to more refinery maintenance and tightening feedstock supply.

02-12-2025 18:32:38

Chinese SOEs to hike February crude runs to meet demand

Guangzhou (JLC), February 8, 2025--Chinese state-owned enterprises (SOEs) plan to boost their crude throughput in February 2025, when demand for gasoline and jet fuel stays strong.

02-08-2025 15:51:02

Additional tariffs may dampen China's imports of US crude

Guangzhou (JLC), February 6, 2025--China's imposition of additional tariffs on crude oil from the US may dampen its imports from the latter.

02-06-2025 14:14:32

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