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Independents' refining margins for imported crude widen in H1 2025

Guangzhou (JLC), July 7, 2025--Shandong-based independents' refining margins for imported crude improved in the first half (H1) of 2025, due to a relatively large decrease in feedstock costs.

07-07-2025 15:42:27

China INE crude price extends gains after bullish US jobs report

Guangzhou (JLC), July 4, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Friday following a stronger-than-expected US jobs report for June

07-04-2025 18:45:50

Crude stocks at Shandong ports rise further as unloading outpaces delivery

Guangzhou (JLC), July 3, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rose further in early July when cargo unloading was still faster than outbound delivery.

07-03-2025 18:27:40

Independents' refining margins for imported crude rebound sharply

Guangzhou (JLC), July 3, 2025--Shandong-based independents' refining margins for imported crude rebounded sharply in the week to July 2, driven up by a plunge in crude costs.

07-03-2025 14:45:56

Crude stocks at Shandong ports rebound on more unloading

Guangzhou (JLC), June 26, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded in the week ending June 26, as cargo unloading surpassed consumption, JLC’s data shows.

06-26-2025 18:11:47

China’s bonded bunker fuel imports rebound in May

Guangzhou (JLC), June 24, 2025--China’s bonded bunker fuel imports rebounded in May, as domestic refiners increased purchases of imported low-sulfur fuel oil (LSFO) when domestic supply tightened.

06-24-2025 18:49:33

China’s bonded bunker fuel exports tumble in May

Guangzhou (JLC), June 24, 2025--China’s bonded bunker fuel exports tumbled in May, which could be ascribed to the trade war between China and the US and a further decline in domestic production.

06-24-2025 18:48:18

MTBE exports continue to drop in May

Beijing (JLC), June 24, 2025--China exported 271,500 mt of MTBE in May 2025, down 6.18% month on month and 0.26% year on year, according to GACC.

06-24-2025 16:04:47

China’s LPG imports rise in May

Beijing (JLC), June 24, 2025—China imported 3.36 million mt of LPG in May 2025, which grew by 210,300 mt or 6.67% month on month and 198,200 mt or 6.26% year on year.

06-24-2025 14:38:44

China records plunge in crude imports from Malaysia in May

Guangzhou (JLC), June 20, 2025--China tallied a sharp drop in its crude imports from Malaysia in May 2025, according to data from the General Administration of Customs of the PRC (GACC).

06-20-2025 14:05:59

Crude stocks at Shandong ports drop as consumption rebounds

Guangzhou (JLC), June 19, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports dropped in the week ending June 19, as local independent refiners’ consumption rebounded.

06-19-2025 18:37:42

CNOOC Daxie Petchem starts importing crude independently

Guangzhou (JLC), June 19, 2025--CNOOC Ningbo Daxie Petrochemical received its first batch of imported crude oil through independent procurement on June 11 since its establishment 23 years ago.

06-19-2025 16:09:58

Independents' refining margins for imported crude plunge

Guangzhou (JLC), June 19, 2025--Shandong-based independents saw a plunge in their refining margins for imported crude in mid-June, mainly due to a surge in crude costs.

06-19-2025 14:22:36

China’s fuel oil imports continue to slump in May

Guangzhou (JLC), June 18, 2025--China’s fuel oil imports continued to slump in May, because of slipping demand from domestic refiners and higher import costs.

06-18-2025 18:50:30

China's naphtha imports hit new high in May 2025

Guangzhou (JLC), June 18, 2025--China’s naphtha imports set a new high in May as its demand was growing amid more startup of steam crackers.

06-18-2025 17:05:14

Maoming Bohe Port's 100,000-dwt terminal officially in operation

Guangzhou (JLC), June 13, 2025--Maoming Petrochemical Bohe Port Storage and Transportation's 100,000-dwt oil product terminal received the first oil tanker on May 29.

06-13-2025 18:56:18

Crude stocks at Shandong ports rise as consumption slows down

Guangzhou (JLC), June 12, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports grew in the week ending June 12, as local independent refiners’ consumption slowed down further.

06-12-2025 18:24:00

Independents’ refining margins for imported crude retreat

Guangzhou (JLC), June 12, 2025--Shandong-based independents’ refining margins for imported crude retreated in the week to June 11 as crude costs rebounded, despite an increase in their sales revenue.

06-12-2025 14:13:35

China's oil product exports plunge in May

Guangzhou (JLC), June 9, 2025--Chinese oil companies' oil product exports plunged in May 2025, according to the preliminary data released by the General Administration of Customs of the PRC (GACC).

06-09-2025 17:37:30

China's May crude imports drop as demand weakens

Guangzhou (JLC), June 9, 2025--China's crude imports dropped to an average level in May 2025, as demand weakened amid peak refinery maintenance.

06-09-2025 16:16:24

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