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State-owned refinery run rate declines further in May

Beijing (JLC), June 4, 2026—Chinese state-owned oil refineries’ run rate in May 2026 sagged to the lowest since March 2020, JLC’s data indicates.

06-04-2026 17:59:47

Independents' crude refining margins recoup more losses

Guangzhou (JLC), June 3, 2026--Shandong-based independent refiners' crude refining margins recouped more losses in early June, because of a sharp decline in crude costs, despite slightly lower sales r

06-03-2026 19:08:24

State-owned refinery run rates stable in late May

Guangzhou (JLC), May 28, 2026--Chinese state-owned oil refineries' run rates were unchanged in the week ending May 27 (Wednesday), JLC’s data shows.

05-28-2026 11:35:04

Zhoushan approves EIA report for ZPC's Mamu oil storage expansion

Guangzhou (JLC), May 27, 2026--Zhoushan municipal ecological environment bureau released a notice earlier this month, approving the environmental impact assessment (EIA) report of the expansion projec

05-27-2026 19:00:26

Independents' refining margins for imported crude soar

Guangzhou (JLC), May 27, 2026--Shandong-based independent refiners' refining margins for imported crude surged in late May, as crude costs dropped.

05-27-2026 18:40:49

Independents' crude refining margins drop on rising costs

Guangzhou (JLC), May 21, 2026--Shandong-based independent refiners' refining margins for imported crude dropped in the week to May 20, due to a rally in crude costs, despite slightly higher sales reve

05-21-2026 17:23:47

China INE crude price slips after OPEC cuts demand forecast

Guangzhou (JLC), May 14, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after OPEC revised down its demand growth forecast.

05-14-2026 19:19:09

Independents' crude refining margins recoup some losses

Guangzhou (JLC), May 14, 2026--Shandong-based independent refiners' crude refining margins recouped some losses in mid-May, thanks to a decline in crude costs.

05-14-2026 11:54:35

Crude stocks at Shandong ports fall slightly in early May

Guangzhou (JLC), May 7, 2026--The stocks of crude, fuel oil and diluted bitumen at Shandong ports edged down in the week ending May 7 amid lower feedstock arrivals.

05-07-2026 19:15:06

Independents find more losses in imported crude refining margins

Guangzhou (JLC), May 7, 2026--Shandong-based independent refiners found deeper losses in their refining margins for imported crude in early May, as crude costs continued to increase.

05-07-2026 16:26:04

Shandong independents' run rates edge down in early May

Guangzhou (JLC), May 6, 2026--Shandong independent refiners' operating rates fell slightly in the week ending May 6, JLC’s data shows.

05-06-2026 19:16:58

Independents' refining margins for imported crude tumble again

Guangzhou (JLC), April 29, 2026--Shandong-based independents' refining margins for imported crude continued to tumble in late April, as crude costs surged and sales revenue went lower.

04-29-2026 18:02:40

China INE crude price rises amid US-Iran diplomatic stalemate

Guangzhou (JLC), April 28, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased on Tuesday as the United States responded coolly to Iran’s latest proposal

04-28-2026 19:09:35

Independents' refining margins for imported crude plunge

Guangzhou (JLC), April 23, 2026--Shandong-based independents' refining margins for imported crude plunged in the week to April 22, due to a rally in crude costs and a further decline in sales revenue.

04-23-2026 15:47:59

China receives much less crude from Saudi Arabia in March

Guangzhou (JLC), April 20, 2026--China received much less crude from Saudi Arabia in March 2026, which could be ascribed to the closure of the Strait of Hormuz.

04-20-2026 18:36:48

China's daily crude throughput hits 10-month low in March

Guangzhou (JLC), April 16, 2026--China's daily crude throughput dropped to a 10-month low in March 2026 amid tightening feedstock supply.

04-16-2026 15:46:00

China INE crude price slips on bearish IEA demand forecast

Guangzhou (JLC), April 15, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Wednesday after the International Energy Agency (IEA) forecast a decrea

04-15-2026 19:09:19

Independents' refining margins for imported crude surge

Guangzhou (JLC), April 15, 2026--Shandong-based independents' refining margins for imported crude surged in mid-April when crude costs dropped more significantly than sales revenue.

04-15-2026 18:49:12

China's daily crude oil imports drop in March, but still high

Guangzhou (JLC), April 14, 2026--China's daily crude oil imports fell both month-on-month and year-on-year in March 2026, according to the latest data from the GACC.

04-14-2026 16:34:07

Independents' refining margins for imported crude rebound

Guangzhou (JLC), April 9, 2026--Shandong-based independents' refining margins for imported crude rebounded in the week to April 8, because of a decline in crude costs and a slight rally in their sale

04-09-2026 18:53:18

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