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Independents’ crude refining margins continue to plunge

Guangzhou (JLC), May 22, 2025--Shandong-based independents’ crude refining margins continued to plunge in the week to May 21, due to higher crude costs and slightly lower sales revenue.

05-22-2025 15:04:27

Chinese refineries slash April crude runs on maintenance

Guangzhou (JLC), May 19, 2025--Chinese refineries processed much less crude oil in April 2025 when they entered peak maintenance.

05-19-2025 11:28:11

Independents’ crude refining margins slump in mid-May

Guangzhou (JLC), May 15, 2025--Shandong-based independents’ crude refining margins slumped in mid-May, as crude costs rebounded and sales revenue slipped.

05-15-2025 15:04:38

State-owned refiners to see less maintenance in June

Guangzhou (JLC), May 14, 2025--Chinese state-owned refiners are expected to see less refinery maintenance in June, according to their plans.

05-14-2025 17:39:11

State-owned refineries' April run rates drop further on maintenance

Guangzhou (JLC), May 8, 2025--Chinese state-owned oil companies' refinery operating rates extended drops in April, because of more refinery maintenance.

05-08-2025 15:39:36

Independents’ crude refining margins surge as costs plunge

Guangzhou (JLC), May 7, 2025--Shandong-based independents saw a surge in their crude refining margins in early May, thanks to a plunge in crude costs, despite a decline in sales revenue.

05-07-2025 18:44:41

Shandong independents' run rates extend drops on maintenance

Guangzhou (JLC), May 7, 2025--Shandong independent refiners' operating rates extended drops in early May, the sixth week in a row, due to more unit maintenance.

05-07-2025 18:25:01

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

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

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

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 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

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

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

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