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China slashes crude imports from Saudi Arabia in August 2024

Guangzhou (JLC), September 27, 2024--China slashed its crude imports from Saudi Arabia in August, mainly because of relatively high prices, according to data from the GACC.

09-27-2024 15:17:14

China’s daily crude throughput stable in August

Guangzhou (JLC), September 14, 2024--China’s daily crude oil throughput in August was stable from July’s 21-month low, due to weak diesel demand and low oil product exports.

09-14-2024 14:52:57

China’s crude imports rebound to one-year high in August

Guangzhou (JLC), September 10, 2024--China’s crude oil imports rebounded to about 49.10 million mt in August 2024, with the daily imports at 11.56 million barrels, a new high in one year, according to

09-10-2024 15:21:38

PetroChina Guangdong receives 10 VLCCs in August

Guangzhou (JLC), September 9, 2024 – PetroChina Guangdong Petrochemical received 10 very large crude carriers (VLCCs) at its oil terminal in August, marking a milestone.

09-09-2024 15:51:32

Shandong independents' run rates up again in August

Guangzhou (JLC), September 6, 2024--Shandong-based independent refiners' operating rates nudged up again in August, as one refinery resumed operation in the month.

09-06-2024 17:20:27

State-owned refineries' run rates inch up in August

Guangzhou (JLC), September 6, 2024--Chinese state-owned oil companies lifted their refinery operating rates in August in view of still strong gasoline and jet fuel demand.

09-06-2024 17:18:07

Independents unload more imported feedstock in August

Guangzhou (JLC), September 5, 2024--Shandong-based independent refiners unloaded more imported feedstock in August, mainly because of stronger gasoline demand and better crude refining margins.

09-05-2024 17:32:03

Crude stocks at Shandong ports drop sharply in late August

Guangzhou (JLC), August 29, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports dropped sharply in late August when not much feedstock was unloaded and consumption grew.

08-29-2024 18:34:26

Shandong independents' run rates go higher in late August

Guangzhou (JLC), August 28, 2024--Shandong independent refiners’ operating rates went higher in late August, as a refiner raised its crude throughput after unit restarts.

08-28-2024 18:53:24

Crude stocks at Shandong ports decline in mid-August

Guangzhou (JLC), August 15, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports fell in the week to August 15, as outbound delivery exceeded unloading.

08-15-2024 18:21:38

State-owned refinery run rates edge down in mid-August

Beijing (JLC), August 15, 2024--Chinese state-owned oil refineries' run rates inched down in the week to August 14, 2024 (Wednesday) amid refinery maintenance, JLC’s data shows.

08-15-2024 18:06:53

Shandong independents' run rates rally in mid-August

Guangzhou (JLC), August 14, 2024--Shandong independent refiners' operating rates rebounded modestly in mid-August, as a few refiners raised their throughput amid expectation of improving demand.

08-14-2024 18:43:08

PetroChina to raise August crude runs on less maintenance

Guangzhou (JLC), August 5, 2024--PetroChina plans to process more crude in August 2024 when it has less refinery maintenance, according to sources from the company.

08-05-2024 17:31:46

Trafigura and SPG inaugurate Shandong-based JV

Guangzhou (JLC), November 16, 2023 – Global trading giant Trafigura and Shandong Port Group (SPG) inaugurated their joint venture (JV) in Qingdao, Shandong province on November 15.

11-16-2023 17:17:01

Top five suppliers supply 64% of China’s August crude imports

Guangzhou (JLC), September 20, 2023--The top five crude suppliers to China contributed to 64.04% of the latter’s crude imports in August 2023, up from 58.20% in July.

09-20-2023 18:24:44

China’s August crude runs set another record high

Guangzhou (JLC), September 15, 2023--China’s crude runs set another record high in August 2023 when state-owned refinery maintenance dropped further and gasoline and jet fuel demand was still seasonal

09-15-2023 14:28:41

PetroChina Ningxia's crude runs set record high in January-August

Guangzhou (JLC), September 13, 2023--PetroChina Ningxia Petrochemical's crude runs reached a new high in the first eight months of 2023, PetroChina said on its official news website.

09-13-2023 17:09:50

China boosts August crude imports to third record high

Guangzhou (JLC), September 7, 2023 – China’s crude imports rebounded strongly in August after a lull in July, once again approaching the record high level seen in June 2020.

09-07-2023 19:10:19

Shandong independents' run rates move higher in August

Guangzhou (JLC), September 7, 2023--Shandong-based independent refiners’ operating rates extended rises in August after more units were back online.

09-07-2023 10:42:39

PetroChina and Sinopec see divergent crude runs in August

Guangzhou (JLC), September 5, 2023--PetroChina raised its crude runs in August 2023 with two refineries resuming production after maintenance, while Sinopec slightly cut its when domestic diesel deman

09-05-2023 16:57:11

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