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China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China's 2024 crude imports retreat from record high

Guangzhou (JLC), January 13, 2025--China's crude oil imports retreated in 2024, after setting a record high in 2023, according to the latest data released by the GACC on Monday.

01-13-2025 16:05:33

Shandong independents receive more imported feedstock in December

Guangzhou (JLC), January 10, 2025--Shandong-based independent refiners received more imported feedstock in the last month of 2024, amid expectation of growing demand.

01-10-2025 16:02:12

Crude stocks at Shandong ports drop on low unloading

Guangzhou (JLC), January 9, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports declined significantly in the week to January 9, 2025, as outbound delivery outpaced unloading.

01-09-2025 18:31:11

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), January 9, 2025--Shandong-based independents’ refining margins for imported crude turned negative in the week to January 8, dampened by rising crude costs.

01-09-2025 14:27:43

Sinopec Yanshan's jet fuel exports surge to new high in 2024

Guangzhou (JLC), January 7, 2025--Sinopec Yanshan Petrochemical's jet fuel exports surged 25.93% to a new record of over 800,000 mt in 2024, the company said on December 31, 2024.

01-07-2025 13:43:44

Yantai Port puts 3.0-mln-cbm crude tank farm into service

Guangzhou (JLC), January 6, 2025--Yantai Port in Shandong started operating a 3.0-million-cubic-meter crude tank farm on January, Shandong Port Group said on January 5.

01-06-2025 15:59:32

Crude stocks at Shandong ports hold largely stable at the beginning of 2025

Guangzhou (JLC), January 3, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports were still largely stable in the week to January 2, 2025, JLC's data shows.

01-03-2025 14:31:09

Independents’ refining margins for imported crude plunge

Guangzhou (JLC), January 2, 2025--Shandong-based independents’ refining margins for imported crude plunged in the week to January 1, 2025, as crude costs increased and sales revenue declined.

01-02-2025 17:36:39

China to hike customs duties on imported fuel oil in 2025

Guangzhou (JLC), December 30, 2024--China will hike the temporary customs duties on imported fuel oil to 3% in 2025, up from 1%, according to a notice released by a State Council committee.

12-30-2024 18:07:41

Crude stocks at Shandong ports largely steady in late December

Guangzhou (JLC), December 27, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports became largely stable in the week to December 26, JLC's data shows.

12-27-2024 15:25:44

China INE crude price edges up after China vows more fiscal support

Guangzhou (JLC), December 26, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased slightly on Thursday after the country pledged a more proactive fiscal

12-26-2024 18:36:42

China’s MTBE exports rebound in November

Beijing (JLC), December 26, 2024--China exported 176,400 mt of MTBE in November, surging by 134.18% month on month, but down by 11.20% year on year, according to data from the GACC.

12-26-2024 14:49:00

China’s bonded bunker fuel imports hit 44-month high

Guangzhou (JLC), December 25, 2024--China’s bonded bunker fuel imports soared significantly in November, hitting a 44-month high, as domestic low-sulfur fuel oil (LSFO) supply tightened amid insuffici

12-25-2024 19:07:38

China’s bonded bunker fuel exports surge in November

Guangzhou (JLC), December 25, 2024--China’s bonded bunker fuel exports surged in November, as bunker suppliers were making efforts to boost sales, also because of more re-export trade activities.

12-25-2024 19:05:26

China boosts fuel oil imports from Russia in November

Guangzhou (JLC), December 24, 2024--China increased its fuel oil imports from Russia in November, in contrast to a cut in the imports from Malaysia, according to the data from the General Administrati

12-24-2024 18:36:00

China LPG imports extend slips in Nov

Beijing (JLC), December 24, 2024—In November, China’s LPG imports totaled 2.27 million mt, down by 733,800 mt or 24.42% on month, according to data from GACC.

12-24-2024 17:31:51

China's naphtha imports hit 28-month low in November

Guangzhou (JLC), December 24, 2024--China's naphtha imports tumbled to a 28-month low in November 2024, according to data from the General Administration of Customs of the PRC (GACC).

12-24-2024 16:47:50

Sinopec launches asphalt export to Tonga

Guangzhou (JLC), December 24, 2024--Sinopec recently exported 100 mt of asphalt to Tonga for the first time, marking a breakthrough in the continuous development of the Oceania asphalt market, Sinopec

12-24-2024 15:12:11

Crude stocks at Shandong ports retreat in mid-December

Guangzhou (JLC), December 19, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports decreased in the week to December 19, as outbound delivery outpaced cargo unloading.

12-19-2024 18:40:05

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