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China cuts crude imports from major suppliers in July 2024

Guangzhou (JLC), August 20, 2024--China cut its crude imports from major suppliers in July 2024 when the former’s imports hit a 21-month low, according to data from the GACC.

08-20-2024 14:35:15

China’s daily crude throughput slips to 21-month low in July

Guangzhou (JLC), August 15, 2024--China's daily crude oil throughput in July slipped again to a new low in 21 months as domestic diesel demand fell sharply and oil product exports dropped.

08-15-2024 13:53:07

Independents unload less imported feedstock in July

Guangzhou (JLC), August 9, 2024--Shandong-based independent refiners unloaded less imported feedstock in July, largely due to poorer refining margins.

08-09-2024 16:54:26

China’s July crude imports hit new low in nearly two years

Guangzhou (JLC), August 7, 2024--China’s crude imports in July 2024 plunged to about 42.34 million mt, with the daily imports at 9.97 million barrels, a new low since October 2022, GACC data shows..

08-07-2024 17:36:11

Shandong independents' run rates inch up in July

Guangzhou (JLC), August 6, 2024--Shandong-based independent refiners' operating rates edged up in July, as some refineries that previously resumed operations ramped up their run rates.

08-06-2024 15:34:10

State-owned refineries' July run rates rebound after three drops

Guangzhou (JLC), August 1, 2024--Chinese state-owned oil companies raised their refinery operating rates in July when they had less maintenance, after drops in three consecutive months.

08-01-2024 16:55:41

Shandong independents' run rates edge down at the end of July

Guangzhou (JLC), July 31, 2024--Shandong independent refiners’ operating rates edged down in the week to July 31 when demand was hit by strong rain and market fundamentals stayed weak.

07-31-2024 18:36:40

Sinopec raises Shengli crude price for July

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

07-26-2024 18:21:26

Crude stocks at Shandong ports rebound in late July

Guangzhou (JLC), July 25, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded in the week to July 25, as unloading outpaced outbound delivery, JLC's data shows.

07-25-2024 18:02:12

Shandong independents' run rates largely stable towards late July

Guangzhou (JLC), July 24, 2024--Shandong independent refiners’ operating rates became largely stable in the week to July 24 when some refiners’ throughput increases were countered by new maintenance.

07-24-2024 18:42:55

Crude stocks at Shandong ports rally in early July

Guangzhou (JLC), July 5, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded in the week to July 4, as unloading outpaced outbound delivery again, JLC's data shows.

07-05-2024 11:39:16

Chinese SOEs to raise July crude runs on growing demand, less maintenance

Guangzhou (JLC), July 4, 2024--Chinese state-owned enterprises (SOEs) plan to raise their crude throughput in July, because of growing fuel demand in the summer and less refinery maintenance.

07-04-2024 18:28:04

Independents’ refining margins worsen in early July

Guangzhou (JLC), July 4, 2024--Shandong-based independents’ crude refining margins worsened in early July, as crude costs extended increases.

07-04-2024 11:21:06

Shandong independents' run rates largely stable in early July

Guangzhou (JLC), July 3, 2024--Shandong independent refiners’ operating rates were largely stable in the week to July 3, 2024, when a refiner’s throughput rise was offset by new maintenance.

07-03-2024 18:41:47

Russia remains biggest crude supplier to China in July

Guangzhou (JLC), August 21, 2023--Russia held firm to the first place among the crude suppliers to China in July, though its exports to China retreated from a record high.

08-21-2023 15:09:47

China records faster growth in July crude runs

Guangzhou (JLC), August 15, 2023--China recorded a faster year-on-year rise in its crude runs in July 2023 when refinery maintenance dropped further and gasoline and jet fuel demand became strong.

08-15-2023 14:12:44

China’s crude imports retreat in July

Guangzhou (JLC), August 8, 2023--China’s crude imports retreated on month in July, after a surge in June, according to data released by the General Administration of Customs of the PRC.

08-08-2023 22:09:59

Diluted bitumen imports in Shandong largely stable in July

Guangzhou (JLC), August 4, 2023--Diluted bitumen imports at Shandong ports for local independent refiners and traders were largely stable last month.

08-04-2023 10:35:25

State-owned refinery run rates extend gains on unit restarts in July

Guangzhou (JLC), August 1, 2023--Chinese state-owned oil companies raised their refinery operating rates further in July 2023, as unit restarts outpaced new maintenance, JLC’s data shows.

08-01-2023 14:23:07

State-owned oil refinery run rates stabilize in late July

Guangzhou (JLC), July 27, 2023--State-owned oil refineries' run rates stabilized in the week to July 26 (Wednesday), after hitting a 20-month high in the previous week.

07-27-2023 17:23:05

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