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China’s oil demand to peak around 2027: Sinopec

Guangzhou (JLC), December 23, 2024 – China's oil consumption is expected to peak around 2027, according to Sinopec’s China Energy Outlook 2060 (2025 version).

12-23-2024 18:37:05

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

Sinopec to have more refinery maintenance in 2025

Guangzhou (JLC), December 16, 2024--Sinopec has scheduled more refinery turnarounds for 2025, while PetroChina will have less maintenance, according to their preliminary plans.

12-16-2024 18:16:12

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

China INE crude price rallies on signs of growing Chinese demand

Guangzhou (JLC), December 10, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Tuesday after data pointed to rising oil demand from China.

12-10-2024 19:02:28

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

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

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

China INE crude price up on geopolitical tensions, growing Indian demand

Guangzhou (JLC), November 25, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Monday, supported by ongoing tensions between Russia and Ukr

11-25-2024 19:03:06

Malaysia becomes second biggest crude supplier to China in October

Guangzhou (JLC), November 20, 2024--Malaysia surpassed Saudi Arabia and became the second biggest crude supplier to China in October 2024, according to data from the GACC.

11-20-2024 17:12:20

Independents’ crude refining margins recoup some losses

Guangzhou (JLC), November 20, 2024--Shandong-based independents’ crude refining margins recouped some losses in mid-to-late November, on the back of sliding crude costs and rising sales revenue.

11-20-2024 16:43:57

China INE crude price retreats on Chinese demand concerns

Guangzhou (JLC), November 18, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Monday as weak data raised concerns over China’s oil demand.

11-18-2024 18:27:09

Independents’ crude refining margins continue to drop

Guangzhou (JLC), November 13, 2024--Shandong-based independents’ crude refining margins continued to drop in mid-November, dampened by rising costs and decreasing sales revenue.

11-13-2024 18:37:00

Independents’ refining margins for imported crude slip modestly

Guangzhou (JLC), November 7, 2024--Shandong-based independents’ refining margins for imported crude slipped modestly in early November, as crude costs gained more ground than sales revenue.

11-07-2024 18:03:03

Sinopec Maoming puts new crude pipeline into operation

Guangzhou (JLC), November 7, 2024--Sinopec Maoming Petrochemical started to transport oil through the crude oil pipeline of the Bohe New Port to Maoming Oil Pipeline Project on October 31, marking the

11-07-2024 16:25:44

Independents’ crude refining margins improve in late Oct

Guangzhou (JLC), October 31, 2024--Shandong-based independents’ refining margins for imported crude improved in late October, buoyed by slipping costs and increasing sales revenue.

10-31-2024 14:40:25

China INE crude price drops dramatically

Guangzhou (JLC), October 29, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) plunged on Tuesday as near-term supply concerns related to geopolitical tensions e

10-29-2024 19:08:29

Chinese refiners to see less refinery maintenance in November

Guangzhou (JLC), October 28, 2024--Chinese refiners will see less refinery maintenance in November, according to their plans.

10-28-2024 19:25:13

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