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Independents' refining margins surge as cost pressure reduces

Guangzhou (JLC), August 10, 2022--Shandong-based independent refiners’ refining margins soared rapidly this week, with those for imported crude turning positive again, mainly as a result of a slump in

08-10-2022 19:17:21

Shandong independents' refining margins stay negative under cost pressure

Guangzhou (JLC), Jun 15, 2022--Shandong-based independent refiners’ refining margins were still negative on high costs this week when crude prices recorded another uptick due to supply concerns.

06-15-2022 20:00:38

China to release crude reserves to relieve cost pressure

Beijing (JLC), September 10, 2021--China is going to release crude stocks in the reserves in batches to deal with increasing cost of feedstocks for domestic enterprises, the State Bureau of Grain and Material Reserves reported on its website on September 9th.

09-10-2021 09:44:48

INE crude inches lower, pressured by demand concerns

Guangzhou (JLC), June 17, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) edged down on Thursday, amid demand concerns fueled by resurging cases in the UK, but losses were limited by a draw in the US crude stocks.

06-17-2021 18:28:56

Shanghai Petrochemical buys more sweet crude to ease cost pressures

Beijing (JLC), May 17, 2019--Sinopec Shanghai Petrochemical is buying more low-sulfur crude in a bid to ease the impact of crude oil price fluctuations, Sinopec said on Thursday.

05-17-2019 17:51:31

China's oil product prices under pressure

Beijing (JLC), May 7, 2019--China's oil product prices went down due to the surplus of supply, and lower global crude prices, JLC data shows.

05-08-2019 17:23:21

Oil product market expected to be still under pressure in January

Wholesale prices of oil products from state-owned traders started to rise at first and then drop in December amid tepid sentiment.

01-02-2019 17:58:58

Gasoline and diesel market to suffer pressure

Beijing (JLC), July 17, 2018—China’s gasoline and diesel market trading once turned thin when most users mainly consumed the inventory, because of a large drop for crude prices on Thursday (July 12). China’s refined oil market may suffer pressure next week due to the bearish news.

07-17-2018 14:21:03

Price in Shandong teapots kept low & Southwest inflows from northwest were pressured

Since April 2017, due to geopolitical factors and the expectation that output cut deal would be extended, international oil price soared once. However, from mid-April, the U.S. crude output kept ascending and Russia held ambiguous attitude to the extending, which pressured the oil price.

06-28-2017 15:40:56

Gasoline and diesel markets still face downward pressure amid the bearish factors

Oil producing countries prolonged the production cut for nine months on the conference in Vienna, but investors were disappointed with a higher expectation, so the bulls were sold out, pressing down the oil price.

06-13-2017 09:57:09

China diesel exports slid in April to bull the exports pressure in May

China diesel exports in April settled at 1,230,000 mt, slipping by 35.72% MoM and 1.08% YoY, and the total exports in the first four months were 5,431,200 mt, rising 35.28% YY.

06-02-2017 17:46:51

Intensive arrivals of LPG in the second half of April may pressure China market

China gas import market has been running well recently. The sales profits of China main wharfs have been improved significantly against that of the same period of last year. Compared with the same period of last month, most of the secondary warehouses made up the deficits and got surpluses.

04-20-2017 10:55:52

Steam coal prices in main producing areas to edge down with the rising sales pressure

Steam coal prices in main producing areas edged down over April 10th-14th. Market participants held wait-and-see attitude and mine traders had great sales pressures against the previous time. Yulin 5,800 kcal/kg and Erdos 5,500 kcal/kg steam coal prices kept unchanged at CNY470/mt

04-17-2017 17:37:14

Oil-producing countries are seeking for pre-export finance pressured by the low oil price

Pressured by the declining oil price, some oil producers in the Middle East are planning to take advance payment for the output in the future in order to cover the budgetary shortfalls, foreign media recorded.

03-30-2017 10:59:15

Oil products market was pressured under bearish sentiment

During this week, the crude oil output, inventory and active well drilling number in America all rose, coupled with Saudi Arabia output hiking and the bearish news that Iraq, Iran and Libya might increase the output, so the market fears on oversupply deepened.

03-24-2017 16:49:54

Oil product market hard to improve under the pressure brought by the downward retail price

No good news appeared in the crude oil market in this round of pricing cycle, and it is believed that FED will increase the interest rate within this week.

03-15-2017 10:26:07

China Offshore Bitumen Taizhou shutdown pressured run rate to 59.6%

11-25-2016 09:55:00

Base oil’s sales volume increased slightly in October and the supply pressure may lift

In October, domestic base oil sales volume increased slightly compared with September amid the weak demand. Filled downstream inventory and lifting imported base oil loosened the whole demand-supply situation.

10-20-2016 17:26:00

Russia reduces Urals crude price under pressure of Iran return

As the sanction lifting of Iran in February, the global crude oil had felt the competition pressures of Iran.

06-20-2016 17:09:42

China gasoline export exerted pressure to international market profitability

06-07-2016 15:38:58

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