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Independent refiners face crude quota tightness in Q4

Guangzhou (JLC), October 16, 2023—Chinese independent refiners are facing tight imported crude quotas in the last quarter of 2023, and they may switch to more alternative feedstocks.

10-16-2023 10:29:10

Chinese independent refiners may face crude quota crunch in Q4

Guangzhou (JLC), June 23, 2021--Chinese independent refiners may face shortage of crude import quotas in the fourth quarter of 2021, as China tends to tighten such quotas amid efforts to cut carbon emission and speed up the restructuring of the market.

06-23-2021 14:24:18

Shandong storage capacity faces challenge as crude cargoes peak

A plenty of low-priced crude cargoes ordered since March have started to arrive at Shandong ports, posing a challenge to Shandong's crude storage capacity.

05-21-2020 18:34:09

China faces challenges from new sulfur cap on bunker fuel

JLC (September 6, 2019)--The Chinese bonded bunker market is facing great challenges from the new sulfur cap on marine fuel, as its supply of low-sulfur (LS) fuel oil lags far behind, JLC said at its Eighth Oil and Gas Forum in Singapore on September 5.

09-06-2019 19:34:01

Independent refiners face lower coking losses

Beijing (JLC), July 11, 2019--The coking losses faced independent refiners were mitigated in the week ended June 10, as sales revenues increased.

07-11-2019 16:17:19

China to face huge fuel ethanol supply gap before 2020 deadline

China is expected to face a huge supply gap of fuel ethanol by 2020, when it plans to extend the use of gasohol nationwide, JLC research showed.

05-16-2019 15:38:50

Shandong independents face bearish sentiment in April

Beijing (JLC), April 12, 2019--In April, the refined oil market in Shandong for independent refineries might remain weak amid bearish sentiment.

04-12-2019 13:42:34

China MTBE market faces challenges and chances in 2019

The MTBE industry development will bring pains due to industrial optimization and upgrading, supply pattern adjustment, etc., and only giving full play to its own advantages, fostering strengths and avoiding shortcomings can the survival of MTBE producers in the energy market.

01-14-2019 14:41:23

DME industry faces profit crisis

Most dimethyl ether (DME) producers still face profit crisis, as feed gas prices kept falling in the off season

06-07-2018 18:23:57

International oil price to face technical adjustment

International oil price will face technical adjustment because of the ending of the trade war between China and U.S.

04-17-2018 16:47:44

Shandong teapots face threats and chances in 2018 (II)

Recently Shandong Provincial Party Committee Secretary gave a speech on mobilization meeting of fully launching the old and new kinetic energy conversion projects, and the times gave the opportunity to Shandong independent refineries, but also with the challenges and threats.

03-01-2018 15:25:53

Shandong teapots face threats and chances in 2018 (I)

Recently Shandong Provincial Party Committee Secretary gave a speech on mobilization meeting of fully launching the old and new kinetic energy conversion projects, and the times gave the opportunity to Shandong independent refineries, but also with the challenges and threats.

03-01-2018 11:57:59

Chinese teapots face another blow from government

Chinese independent refiners are facing another crackdown from the government which announced on January 26 that it would clamp down on refiners with illegality and failure to comply with regulations.

01-29-2018 14:09:58

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

Refined oil may face its decreasing trend later

The weak news about OPEC’s freezing production agreement turned the marketers to focus on the crude fundamentals, and oil prices were vibrating around $50/bbl amid deadlocked bearish and bullish news

10-26-2016 10:05:45

Deep processing companies are faced with sluggish market

October 14th-October 20th, gross profit of olefin deep processing turned better. According to data monitored by JYD, profit of alkylation units averaged CNY65/mt, up 932% or CNY59/mt from October 7th-October 13th.

10-21-2016 13:52:11

Refined oil retail prices may face its biggest rising

Since the oil producers achieved the freezing the production agreement on September 28th, international crude oil started its seventh consecutive rising, but the specific implement details were not been confirmed yet.

10-13-2016 10:44:58

Natural gas faces reversible replacement by fuel oil in boilers

Domestic oil products, blended oil and fuel oil prices have halved since H2 2014, with tumbling international crude oil prices. Boiler-dedicated fuel oil turns into a favorite anew among industrial users on the back of its cost performance topping that of natural gas.

05-26-2016 10:34:25

Natural gas faces big threat from oil products in vehicle areas

Over the long term, oil prices will stay at a low level. Goldman Sachs predicted that crude prices would not bounce back to $60/bbl until the fourth quarter of 2017. It means oil product will remain a big threat to natural gas in the vehicle area.

05-23-2016 10:25:15

Shenhua coal-to-oil project faces losses if the crude sustains low

Shenhua Ningxia Coal Group coal chemical center director Luo Chuntao said during Beijing’s two sessions, Shenhua coal to oil project with 4 million mt/yr has already totally completed investment 34.747 billion yuan, with total investment budget 55 billion yuan.

03-14-2016 17:07:55

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