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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

Sinopec and PetroChina cut December crude runs on dim fuel demand

Guangzhou (JLC), January 8, 2024--Sinopec and PetroChina both reduced their crude runs in December, as domestic fuel demand remained muted.

01-08-2024 17:19:23

Independents unload more imported crude in December

Guangzhou (JLC), January 5, 2024--Shandong-based independent refiners and traders unloaded more imported feedstock in December after slashing their imports to a nine-month low in November.

01-05-2024 15:32:43

State-owned refinery run rates down in late December

Beijing (JLC), December 28, 2023--Chinese state-owned oil refineries' operating rates slipped in the week to December 27 (Wednesday), JLC's data indicates.

12-28-2023 18:12:54

Shandong independents’ run rates edge down in late December

Guangzhou (JLC), December 27, 2023--Shandong independent refiners saw a slightly lower operating rate in the week to December 27, as a certain refiner shut down production.

12-27-2023 18:41:17

Sinopec cuts Shengli crude price for December

Guangzhou (JLC), December 27, 2023--Sinopec marked down its Shengli crude price for December 2023, following drops in international crude prices, according to refiner sources in Shandong.

12-27-2023 18:20:35

Independents’ feedstock imports rally on month in H1 December

Guangzhou (JLC), December 15, 2023--Shandong-based independent refiners and traders’ feedstock imports rallied month on month in the first half of December, because of a low base a month earlier, but

12-15-2023 15:42:04

Crude stocks at Shandong ports extend drops in mid-December

Guangzhou (JLC), December 14, 2023--The stocks of crude, fuel oil and diluted bitumen at Shandong ports fell further in the week to December 14.

12-14-2023 17:55:23

SOEs to cut December crude runs on less fuel demand

Guangzhou (JLC), December 14, 2023--State-owned enterprises plan to cut their crude throughput in December 2023 as fuel demand tends to weaken in an offseason, despite less refinery maintenance.

12-14-2023 14:41:12

State-owned refinery run rates drop in early December

Beijing (JLC), December 7, 2023--Chinese state-owned oil refineries' run rates fell in the week to December 6 (Wednesday) amid dull demand.

12-07-2023 17:52:27

Shandong independents’ run rates edge down in early December

Guangzhou (JLC), December 6, 2023--Shandong independent refiners saw slightly lower refinery utilization in the week to December 6 when fuel demand was seasonally weak.

12-06-2023 18:39:08

Independents’ crude refining margins surge in early December

Guangzhou (JLC), December 6, 2023--Shandong-based independents’ crude refining margins surged in early December, as crude costs extended drops and prices of most downstream products ticked up.

12-06-2023 18:36:48

Sluggish buying interest hurts December ESPO premiums

Guangzhou (JLC), November 10, 2023 – Premiums of ESPO cargoes on a DES Shandong basis have dropped recently due to limited buying interest amid poor refining margins, quota tightness.

11-10-2023 18:59:32

China’s December crude imports continue to grow on year

Guangzhou (JLC), January 15, 2023--China’s crude imports in December 2022 continued to grow year on year, as state-owned oil companies boosted their oil product exports to a very high level.

01-15-2023 13:14:04

State-owned oil companies cut December refinery run rates on weak demand

Guangzhou (JLC), January 3, 2023--Chinese state-owned oil companies lowered their refinery operating rates in December 2022, due to weak domestic fuel demand, despite large oil product exports.

01-03-2023 17:12:47

Sinopec and PetroChina cut December crude runs on weak fuel demand

Guangzhou (JLC), January 1, 2023--Sinopec and PetroChina cut their crude runs in December 2022, due to weak domestic fuel demand, despite large oil product exports.

01-01-2023 15:48:49

China’s crude import growth to slow down in December

Guangzhou (JLC), December 27, 2022--China is likely to see a much smaller year-on-year rise in its crude imports in December 2022, due to a relatively high base a year before.

12-27-2022 18:21:52

State-owned refineries’ run rates rise modestly in late December

Guangzhou (JLC), December 22, 2022--State-owned oil companies' refinery utilization rate went up modestly in late December, as Jingmen Petrochemical raised its crude runs gradually after restarts.

12-22-2022 18:07:45

Shandong independents’ run rates rally in late December

Guangzhou (JLC), December 21, 2022-Shandong-based independent refiners’ run rates rallied in late December as refiners have increased crude imports to make better use of their crude quotas.

12-21-2022 18:39:46

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