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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

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

Shandong independents' December run rates set 8-month high

Guangzhou (JLC), January 6, 2025--Shandong-based independent refiners' operating rates rose to an 8-month high in December as some refiners raised their throughput amid low inventory and better sales.

01-06-2025 17:38:25

State-owned refineries' December run rates hit 28-month low

Guangzhou (JLC), January 6, 2025--Chinese state-owned oil companies' refinery operating rates reached a 28-month low in December amid seasonally weak fuel demand and short export quotas.

01-06-2025 15:06:51

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

State-owned refinery run rates inch up in late December

Beijing (JLC), December 27, 2024--Chinese state-owned oil refineries' run rates gained in the week to December 25 (Wednesday), JLC’s data shows.

12-27-2024 10:19:14

Sinopec raises Shengli crude price for December

Guangzhou (JLC), December 26, 2024--Sinopec marked up its Shengli crude price slightly for December 2024, following modest rises in international crude prices, according to refiner sources in Shandong

12-26-2024 17:36:35

Independents find lower crude refining margins in late Dec

Guangzhou (JLC), December 26, 2024--Shandong-based independents found lower refining margins for imported crude in late December, because of falling sales revenue.

12-26-2024 15:17:21

Shandong independents' run rates inch down in late December

Guangzhou (JLC), December 25, 2024--Shandong independent refiners' operating rates edged down in the week to December 25, with a couple of refiners cutting their throughput modestly.

12-25-2024 18:18:29

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

Crude stocks at Shandong ports rebound slightly in early December

Guangzhou (JLC), December 6, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded slightly in the week to December 5, as unloading outpaced outbound delivery modestly.

12-06-2024 16:11:20

State-owned refinery run rates drop in early December

Beijing (JLC), December 6, 2024--Chinese state-owned oil refineries' run rates fell in the week to December 4 (Wednesday), JLC’s data shows.

12-06-2024 10:09:34

Shandong independents’ feedstock unloading decreases in Nov

Guangzhou (JLC), December 5, 2024--Shandong-based independent refiners reduced their unloading of imported feedstock in November, due to relatively sluggish oil product demand and bad refining margin

12-05-2024 18:58:34

Chinese SOEs to lower December crude runs as demand weakens

Guangzhou (JLC), December 3, 2024--Chinese state-owned enterprises plan to cut their crude throughput in December, as fuel demand becomes seasonally weak and their exports drop amid short quotas.

12-03-2024 18:32:28

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

China INE crude price rallies after five straight declines

Guangzhou (JLC), June 6, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) staged a technical rebound on Thursday after falling for five consecutive trading days

06-06-2024 17:59:25

Shandong independents decelerate feedstock unloading in April

Guangzhou (JLC), May 10, 2024--Shandong-based independents slowed down their feedstock unloading in April, as their consumption decreased amid a peak of unit maintenance.

05-10-2024 19:02:31

Independents’ refining margins for imported crude decrease

Guangzhou (JLC), February 21, 2024--Shandong-based independents’ refining margins for imported crude dropped after the Chinese New Year holiday, due to a rally in crude costs, despite an increase in

02-21-2024 18:55:46

China's fuel consumption extends drops in December

Guangzhou (JLC), January 11, 2024--China's gasoline and diesel consumption fell again in December 2023 amid falling temperatures.

01-11-2024 18:56:36

State-owned refineries' December run rates drop, three months in a row

Guangzhou (JLC), January 8, 2024--Chinese state-owned oil companies lowered their refinery operating rates for the third consecutive month in December 2023, on account of dull sales of fuel.

01-08-2024 17:22:31

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