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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 INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

Shandong independents' run rates drop on bad margins

Guangzhou (JLC), February 28, 2024--Shandong independent refiners lowered their operating rates in late February, because of bad refining margins and relatively weak fuel demand.

02-28-2024 17:55:44

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

Shandong independents’ run rates down on less fuel demand, bad margins

Guangzhou (JLC), November 1, 2023--Shandong independent refiners lowered their operating rates again in the week to November 1, due to shrinking fuel demand, bad refining margins and tight quota on c

11-01-2023 18:18:09

China releases fourth batch of crude import quotas for 2023

Guangzhou (JLC), October 7, 2023--China has released this year's fourth batch of quotas on non-state crude oil imports, permitting 9.54 mln mt of imports, according to official sources.

10-07-2023 15:47:58

China INE crude price slips again after Russia eases fuel export ban

Guangzhou (JLC), September 26, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell further on Tuesday after Russia eased its temporary ban on fuel exports.

09-26-2023 18:36:51

China issues another batch of crude quotas for 2023

Guangzhou (JLC), June 14, 2023--China has issued this year’s third batch of quotas on non-state crude imports for 2023, granting quotas on 62.28 mln mt of crude imports.

06-14-2023 11:43:16

Shandong-based independents’ refining margins still plunge in early Apr

Guangzhou (JLC), April 7, 2023--Shandong-based independents’ refining margins for imported crude continued to plunge in early April when import costs surged sharply.

04-07-2023 10:48:43

Shandong-based independents’ refining margins plunge in late Mar

Guangzhou (JLC), March 29, 2023--Shandong-based independents’ refining margins for imported crude fell back from the previous high in late March, as import costs increased and downstream product pric

03-29-2023 19:04:44

China INE crude price rallies on easing banking fears

Guangzhou (JLC), March 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded sharply on Tuesday, because of easing concerns over a banking crisis and a

03-28-2023 18:47:06

Shandong-based independents’ refining margins drop on higher costs

Guangzhou (JLC), March 9, 2023--Shandong-based independents’ refining margins for both imported and domestic crude rolled back this week, mainly due to cost inflation.

03-09-2023 11:57:40

Shandong-based independents find better refining margins

Guangzhou (JLC), March 2, 2023--Shandong-based independents found more considerable margins for crude refining this week when crude costs fell while downstream fuel prices grew.

03-02-2023 14:13:29

China INE crude price falls further after RBA lifts interest rate

Guangzhou (JLC), February 7, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to drop on Tuesday after Australia's central bank hiked its interest rat

02-07-2023 19:39:11

Shandong-based independents’ refining margins surge faster

Guangzhou (JLC), February 1, 2023--Shandong-based independents’ refining margins for imported crude surged much faster this week, because of a further rise in downstream product prices and a reduction

02-01-2023 19:23:04

China INE crude price rises further on optimism about global economy

Guangzhou (JLC), January 18, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) climbed further on Wednesday, because of OPEC’s optimistic forecast for global eco

01-18-2023 18:49:16

Shandong-based independents find higher refining margins

Guangzhou (JLC), January 18, 2023--Shandong-based independents found more refining margins for both imported and domestic crude this week, mainly as a result of higher oil product prices.

01-18-2023 18:09:10

Shandong-based independents’ refining margins surge rapidly

Guangzhou (JLC), January 11, 2023--Shandong-based independents found soaring refining margins for imported crude this week, as import costs fell back while most product prices ticked higher.

01-11-2023 19:15:26

China cuts first two batches of crude quotas before full recovery

Guangzhou (JLC), January 10, 2023--China has released the first two batches of non-state crude import quotas for 2023, cutting them sharply before domestic demand recovers fully.

01-10-2023 16:57:07

China doubles 2nd-batch crude import quotas for 2023

Guangzhou (JLC), January 9, 2023--China’s Ministry of Commerce (MOC) has issued the second batch of quotas on non-state crude import for 2023, permitting 111.82 mln mt of imports, an upsurge of 112%.

01-09-2023 16:57:49

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