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Independents' crude refining margins surge on lower costs, higher revenue

Guangzhou (JLC), November 13, 2025--Shandong-based independent refiners' crude refining margins surged in the week to November 12, because of lower crude costs and higher sales revenue.

11-13-2025 16:10:45

Independents' crude refining margins improve amid lower costs

Guangzhou (JLC), October 10, 2025--Shandong-based independent refiners' crude refining margins improved in the week to October 8, because of a decline in crude costs.

10-10-2025 19:23:43

Independents' crude refining margins surge amid lower costs

Guangzhou (JLC), September 11, 2025--Shandong-based independents' refining margins for imported crude surged in the week ending September 10, because of falling crude costs, despite slightly lower sal

09-11-2025 16:47:22

Independents’ crude refining margins surge as costs plunge

Guangzhou (JLC), May 7, 2025--Shandong-based independents saw a surge in their crude refining margins in early May, thanks to a plunge in crude costs, despite a decline in sales revenue.

05-07-2025 18:44:41

Independents’ crude refining margins soar again as costs decrease

Guangzhou (JLC), April 17, 2025--Shandong-based independents’ crude refining margins soared again in the middle of April, bolstered by a further plunge in crude costs.

04-17-2025 11:39:37

Independents’ crude refining margins surge as costs tumble

Guangzhou (JLC), April 9, 2025--Shandong-based independents’ crude refining margins surged in the week to April 9, due to a slump in crude costs, despite a decline in their sales revenue.

04-09-2025 18:57:19

Independents’ crude refining margins plunge on surging costs

Guangzhou (JLC), April 3, 2025--Shandong-based independents’ crude refining margins plunged in early April as crude costs surged, despite a rise in their sales revenue.

04-03-2025 17:07:14

Independents’ crude refining margins surge as costs decrease

Guangzhou (JLC), March 6, 2025--Shandong-based independents’ crude refining margins surged in early March, driven up by a further decrease in crude costs, despite lower sales revenue.

03-06-2025 11:55:14

CNOOC posts strong results in H1, setting multiple records

Guangzhou (JLC), August 29, 2024 – CNOOC (SH:600938, HK: 00883) posted a 18.1% gain in revenue in the first half (H1) of 2024, with the profit attributable to its shareholders gaining 25.0%.

08-30-2024 10:47:28

Sinopec boosts crude throughput and oil product output in Q1

Guangzhou (JLC), April 29, 2024 – Sinopec, China’s largest refiner, continued to boost its crude throughput and oil product output in the first quarter (Q1) of 2024.

04-29-2024 18:30:13

China boosts crude imports from Russia sharply in Jan-Feb 2024

Guangzhou (JLC), March 22, 2024--China hiked its imports of Russian crude by 13.06% on year in the first two months of 2024, compared with an increase of 5.07% in the former’s total crude imports.

03-22-2024 15:09:06

Independents’ crude refining margins rise on lower costs

Guangzhou (JLC), November 23, 2023--Shandong-based independents’ crude refining margins continued to rise in the week to November 22, as crude costs decreased.

11-23-2023 15:36:25

Independents’ refining margins for imported crude surge on lower costs

Guangzhou (JLC), November 15, 2023--Shandong-based independents’ refining margins for imported crude surged significantly in the middle of November, as crude costs fell further.

11-15-2023 18:29:24

Independents’ crude refining margins tumble on higher costs

Guangzhou (JLC), September 20, 2023--Shandong-based independents’ crude refining margins dropped further in the week to September 20, as costs increased.

09-20-2023 18:22:22

China boosts August crude imports to third record high

Guangzhou (JLC), September 7, 2023 – China’s crude imports rebounded strongly in August after a lull in July, once again approaching the record high level seen in June 2020.

09-07-2023 19:10:19

PetroChina Urumqi boosts crude runs to record high after overhaul

Guangzhou (JLC), August 11, 2023--PetroChina Urumqi Petrochemical in Xinjiang resumed normal production and raised its crude throughout to a historical high in July, after more than two months of mai

08-11-2023 11:57:54

China boosts June crude imports to second record high

Guangzhou (JLC), July 13, 2023--China boosted its crude imports to a level only second to its record high in June, due to the expectation of growing fuel demand.

07-13-2023 19:01:31

China boosts May crude imports from Russia to new high

Guangzhou (JLC), June 20, 2023--China raised its crude imports from Russia to a new high in May 2023, which could be ascribed to discounts on Russian grades.

06-20-2023 18:22:36

China boosts crude imports from Russia sharply in Jan-Feb 2023

Guangzhou (JLC), March 20, 2023 –China boosted its crude imports from Russia sharply in the first two months of 2023, which was ascribed to discounts on Russian grades.

03-20-2023 18:47:07

Shandong independents’ refining margins rally as costs decrease

Guangzhou (JLC), March 15, 2023--Shandong-based independents’ refining margins for imported and domestic crude rallied this week, as crude costs decreased amid bearish factors.

03-15-2023 18:11:31

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