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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

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

China INE crude price keeps rising on tighter OPEC supply

Guangzhou (JLC), January 8, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Wednesday following reports of lower production from OPEC and

01-08-2025 19:09:19

Shandong independents' run rates extend drops on unit shutdown

Guangzhou (JLC), January 8, 2025--Shandong independent refiners' operating rates extended drops in the week to January 8, 2025, after a refiner shut its units and some others cut their throughput.

01-08-2025 17:44:49

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

Sinopec replaces Luoyang Petrochemical with new subsidiary

Guangzhou (JLC), January 3, 2025 – Sinopec’s new subsidiary – Henan Refining & Chemical Co., Ltd. – officially began operation on January 1, 2025, replacing its predecessor Sinopec Luoyang.

01-03-2025 18:33:47

Shandong independents' run rates edge lower

Guangzhou (JLC), January 2, 2025--Shandong independent refiners' operating rates inched down in the week to January 1, 2025, with a couple of refiners cutting their throughput modestly.

01-02-2025 18:11:15

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

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

Independents’ refining margins for imported crude retreat

Guangzhou (JLC), December 19, 2024--Shandong-based independents’ refining margins for imported crude retreated this week, due to a rally in crude costs, despite a slight increase in sales revenue.

12-19-2024 14:25:58

Shandong independents' run rates drop amid unit shutdown

Guangzhou (JLC), December 18, 2024--Shandong independent refiners' operating rates fell considerably in the week to December 18 due to unit shutdown.

12-18-2024 18:13:18

Independents’ refining margins for imported crude turn positive

Guangzhou (JLC), December 11, 2024--Shandong-based independents’ refining margins for imported crude turned positive this week, after ten consecutive negative weeks, as crude costs slid and downstream

12-11-2024 18:56:15

Shandong independents' run rates up on better margins

Guangzhou (JLC), December 11, 2024--Shandong independent refiners' operating rates rose slightly in the week to December 11 as refining margins improved further.

12-11-2024 18:49:12

Shandong independents' November run rates rise for 5 straight months

Guangzhou (JLC), December 6, 2024--Shandong-based independent refiners' operating rates rose for a fifth consecutive month in November because of a unit restart.

12-06-2024 15:33:38

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

Independents’ crude refining margins rise again

Guangzhou (JLC), December 5, 2024--Shandong-based independents’ crude refining margins rose again in early December, thanks to slipping costs and growing sales revenue.

12-05-2024 14:08:30

Shandong independents' run rates up on improving margins

Guangzhou (JLC), December 4, 2024--Shandong independent refiners' operating rates rose modestly in the week to December 4 as refining margins improved further amid strengthening product prices.

12-04-2024 17:57:46

Independents’ crude refining margins improve further

Guangzhou (JLC), November 28, 2024--Shandong-based independents’ crude refining margins improved further in late November as sales revenue increased, despite slightly higher crude costs.

11-28-2024 17:21:13

Shandong independents' run rates inch up as sales improve

Guangzhou (JLC), November 27, 2024--Shandong independent refiners' operating rates inched up in the week to November 27 as sales started to improve.

11-27-2024 18:29:24

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