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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

China’s crude imports drop 3.43% in first two months

Guangzhou (JLC), March 7, 2025--China imported a total of about 83.85 million mt of crude oil in the first two months of 2025, down 4.45 million mt from the corresponding months in 2024.

03-07-2025 12:39:22

Crude imports at Quanzhou Port up 31.5% in first 50 days of 2025

Guangzhou (JLC), February 20, 2025--Quanzhou Port in Fujian Province received a total of around 3.33 million mt of crude oil in the first 50 days of 2025, an upsurge of 31.5% from the same period of t

02-20-2025 15:29:32

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

Shandong independents unload less imported crude in January

G?uangzhou (JLC), February 13, 2025--Shandong-based independent refiners unloaded less imported crude oil in January, in part because of the Chinese New Year holiday that began late in the month.

02-13-2025 18:45:46

Independents’ refining margins for imported crude rebound

Guangzhou (JLC), February 6, 2025--Shandong-based independents’ refining margins for imported crude rebounded in early February, due to a decline in crude costs.

02-06-2025 16:27:13

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

China's crude imports from Malaysia surge 28.4% in 2024

Guangzhou (JLC), January 20, 2025--China’s crude imports from Malaysia surged by 28.4% in 2024, in stark contrast to a decline of 1.87% in the former’s total crude imports in the year.

01-20-2025 17:26:31

China's 2024 crude imports retreat from record high

Guangzhou (JLC), January 13, 2025--China's crude oil imports retreated in 2024, after setting a record high in 2023, according to the latest data released by the GACC on Monday.

01-13-2025 16:05:33

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

Independents’ refining margins for imported crude turn negative

Guangz?hou (JLC), January 9, 2025--Shandong-based independents’ refining margins for imported crude turned negative in the week to January 8, dampened by rising crude costs.

01-09-2025 14:27:43

Independents’ refining margins for imported crude plunge

Guang?zhou (JLC), January 2, 2025--Shandong-based independents’ refining margins for imported crude plunged in the week to January 1, 2025, as crude costs increased and sales revenue declined.

01-02-2025 17:36:39

China to hike customs duties on imported fuel oil in 2025

Guangzhou (JLC), December 30, 2024--China will hike the temporary customs duties on imported fuel oil to 3% in 2025, up from 1%, according to a notice released by a State Council committee.

12-30-2024 18:07:41

Independents’ refining margins for imported crude retreat

Guangzhou (JLC), December 19, 2024--Shandong-based independents’ refining margins for imported crude retreated this week, due to a rally in crude costs, despite a slight? increase in sales revenue.

12-19-2024 14:25:58

Independents’ refining margins for imported crude turn positive

Guangzhou (JLC), December 11, 2024--Shandong-based independents’ refining margins for imported crude turned positive this week, after ten consecutive negative weeks, as crude costs slid and downstream

12-11-2024 18:56:15

China's crude imports rebound to 15-month high in November

Guangzhou (JLC), December 10, 2024--China's crude imports rebounded sharply to a 15-month high in November 2024, which could be ascribed to lower prices in September when orders were placed.

12-10-2024 14:44:36

China's daily crude imports drop 4.91% on month in October

Guangzhou (JLC), November 8, 2024--China's daily crude oil imports fell by 4.91% month on month in October 2024, according to the latest data from the General Administration of Customs of the PRC.

11-08-2024 17:30:46

Independents’ refining margins for imported crude slip modestly

Guangzhou (JLC), November 7, 2024--Shandong-based independents’ refining margins for imported crude slipped modestly in early November, as crude costs gained more ground than sales revenue.

11-07-2024 18:03:03

Independents’ refining margins for imported crude rally

Guangzhou (JLC), October 23, 2024--Shandong-based independents’ refining margins for imported crude rallied in the week to October 23, as crude costs dropped more than sales revenue.

10-23-2024 18:07:30

China hikes ceiling on non-state crude imports for 2025

Guangzhou (JLC), October 23, 2024--China set the ceiling on non-state crude imports for 2025 at 257 million mt (5.14 million barrels per day), up 14 million mt or 5.76% from 2024.

10-23-2024 16:30:49

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