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Independents’ crude refining margins plunge on surging costs

Guangzhou (JLC), April 3, 2025--Shandong-based independents’ crude refining margins plunged in early April as crude costs surged, despite a rise in their sales revenue.

04-03-2025 17:07:14

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

1% SAF blending to be normal for China’s pilot airports

Beijing (JLC), March 21, 2025—China may normalize 1% sustainable aviation fuel (SAF) blending for all flights taking off from domestic pilot airports.

03-21-2025 17:06:06

China LPG prices inch down in H1 March

Beijing (JLC), March 21, 2025—China LPG prices averaged CNY4,977/mt in the first half of March, down by CNY19/mt or 0.38% from the second half of February.

03-21-2025 13:55:47

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

Independents find lower refining margins

Guangzhou (JLC), March 19, 2025--Shandong-based independents found lower refining margins for imported crude in the week to March 19, dragged down by rising crude costs and falling sales revenue.

03-19-2025 18:48:13

State-owned refinery run rates drop on maintenance

03-19-2025 18:32:01

China to cut fuel ceilings on March 20, third time in a row

Guangzhou (JLC), March 19, 2025--China will cut its retail ceilings of gasoline and diesel on March 20, 2025 (Thursday), the third time in a row, as international crude prices have extended losses.

03-19-2025 18:06:35

China’s fuel prices fall in mid-March, sixth week in a row

Guangzhou (JLC), March 14, 2025--China’s wholesale gasoline and diesel prices continued to fall in the middle of March, the sixth week in a row, depressed by drops in international crude prices and w

03-14-2025 16:28:28

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

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

Shandong independents’ run rates extend rises as margins improve

Guangzhou (JLC), March 12, 2025--Shandong independent refiners’ operating rates extended rises in the week ending March 12, as their refining margins improved.

03-12-2025 18:53:45

Sinopec Maoming begins building more units for upgrade project

Guangzhou (JLC), March 11, 2025--Sinopec Maoming Petrochemical recently started the construction of four more units as part of its refinery upgrade project, Sinopec reported.

03-11-2025 18:42:40

State-owned refinery run rates edge up in early March

Beijing (JLC), March 7, 2025--Chinese state-owned oil refineries' run rates increased slightly in the week to March 5 (Wednesday), JLC’s data shows.

03-07-2025 16:20:05

Chinese oil companies to boost gasoline exports in March

Guangzhou (JLC), March 6, 2025--Chinese oil companies plan to boost their gasoline exports in March 2025 as domestic demand weakens after the Spring Festival travel rush.

03-06-2025 15:53:07

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

China to cut fuel ceilings on March 6, second time in 2025

Guangzhou (JLC), March 5, 2025--China will cut its retail ceilings of gasoline and diesel on March 6, 2025 (Thursday), the second time in 2025, as international crude prices have extended losses over

03-05-2025 14:17:15

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

Domestic oil product output to drop in March, demand to diverge

Guangzhou (JLC), March 3, 2025--Chinese refiners are likely to cut their output of gasoline, diesel and jet fuel in March 2025, because of more refinery maintenance, while fuel demand diverges.

03-03-2025 16:49:20

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