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Independents’ crude refining margins surge as costs decrease

Guangzhou (JLC), March 6, 2025--Shandong-based independents’ crude refining margins surged in early March, driven up by a further decrease in crude costs, despite lower sales revenue.

03-06-2025 11:55:14

Daqing Refining & Chemical's January crude runs surge 8.14%

Guangzhou (JLC), February 20, 2025--PetroChina Daqing Refining & Chemical's crude runs soared by 8.14% year on year in January 2025, Daqing Daily reported on its news website on February 20.

02-20-2025 18:36:29

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

Independents’ crude refining margins surge in mid-Jan

Guangzhou (JLC), January 15, 2025--Shandong-based independents’ crude refining margins surged in mid-January, buoyed by a rapid increase in sales revenue, despite a rise in crude costs.

01-15-2025 18:31:54

China INE crude price surges on new US sanctions against Russia

Guangzhou (JLC), January 13, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) jumped on Monday, mainly supported by new US sanctions against Russia.

01-13-2025 19:14:03

China INE crude price retreats after US crude stocks surge

Guangzhou (JLC), October 9, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Wednesday due to a spike in the US crude inventories and stronger yuan

10-09-2024 18:52:15

Independents’ refining margins for imported crude surge

Guangzhou (JLC), September 12, 2024--Shandong-based independents’ refining margins for imported crude rebounded rapidly in the week to September 11, buoyed by plunging crud?e costs, despite a fall in

09-12-2024 16:55:03

Independents’ crude refining margins surge

Guangzhou (JLC), August 7, 2024--Shandong-based independents’ refining margins for imported crude surged in early August, boosted by a further fall in crude costs.

08-07-2024 17:41:37

Independents’ refining margins for imported crude surge

Guangzhou (JLC), July 25, 2024--Shandong-based independents’ refining margins for imported crude surged significantly in mid-to-late July as crude costs fell more than sales revenue, while margins for

07-25-2024 16:17:47

Independents’ refining margins for imported crude surge

Gu?angzhou (JLC), April 25, 2024--Shandong-based independents’ refining margins for imported crude surged in the week to April 24 as costs were reduced by falling international crude prices.

04-25-2024 15:39:17

Crude stocks at Shandong ports surge on more unloading

Guangzhou (JLC), March 7, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports surged in early March, because of more cargo unloading, though consumption grew modestly.

03-07-2024 18:58:05

Independents’ refining margins for imported crude surge

Guangzhou (JLC), January 4, 2024--Shandong-based independents’ refining margins for imported crude surged rapidly in early January as import costs decreased.

01-04-2024 14:36:00

Independents’ crude refining margins surge in early December

Guangzhou (JLC), December 6, 2023--Shandong-based independents’ crude refining margins surged in early December, as crude costs extended drops and prices of most downstr?eam products ticked up.

12-06-2023 18:36:48

Independents’ refining margins for imported crude surge on lower costs

G?uangzhou (JLC), November 15, 2023--Shandong-based independents’ refining margins for imported crude surged significantly in the middle of November, as crude costs fell further.

11-15-2023 18:29:24

Independents’ feedstock imports surge in past weeks

Guangzhou (JLC), October 20, 2023--Shandong-based independents have seen a surge in feedstock arrivals so far this month, as they increased purchases several months ago when domestic oil product deman

10-20-2023 14:24:46

China sees upsurges in imports of “Other Fuel Oil” and “Other Heavy Oil”

Guangzhou (JLC), August 22, 2023 – China’s imports under “Other Fuel Oil” (HS code 27101929) increased sharply to 562,033 mt in July, the highest level in recent years.

08-22-2023 16:29:52

Shandong independents’ crude arrivals surge in H1 Aug

Guangzhou (JLC), August 18, 2023--Shandong-based independents’ imported crude arrivals surged in the first half of August, because of new crude import quotas and an exp?ectation of growing fuel demand

08-18-2023 11:49:54

Sichuan Petrochemical's crude runs surge 11.06% in H1 2023

Guangzhou (JLC), July 19, 2023--PetroChina Sichuan Petrochemical's crude runs soared by 11.06% year on year in the first half of 2023 (H1), PetroChina reported on its official news website.

07-19-2023 19:03:08

Independents’ feedstock imports surge over past weeks

Guangzhou (JLC), June 25, 2023--Shandong-based independent refiners and traders boosted their feedstock imports by 31.25% month on month in June 1-23, which was mai?nly ascribed to an expected increas

06-25-2023 16:58:56

China records surge in May crude imports

Guangzhou (JLC), June 7, 2023--China's crude imports soared in May 2023, both year on year and month on month, which could be ascribed to the unloading of some cargoes delayed from April.

06-07-2023 17:01:45

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