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China INE crude price dips as market watches US-Iran diplomatic negotiations

Guangzhou (JLC), October 12, 2026--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Monday following reports that the United States has accepted some of

10-12-2026 19:00:32

Independents' crude refining margins weaken in early October

Guangzhou (JLC), October 9, 2026--Shandong-based independents' refining margins for imported crude weakened in early October, as refining costs increased and sales revenue declined.

10-09-2026 10:33:21

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 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

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

State-owned refinery run rates sink to three-month low in Mar

Beijing (JLC), April 8, 2026—Chinese state-owned oil refineries’ run rates fell markedly in March, JLC’s data indicates.

04-08-2026 14:18:34

State-owned refinery run rates slip in early March

Guangzhou (JLC), March 5, 2026--Chinese state-owned oil refineries' run rates declined in early March, JLC’s data shows.

03-05-2026 15:18:00

Shandong independents' run rates extend gains in early March

Guangzhou (JLC), March 4, 2026--Shandong independent refiners' operating rates gained further in the week ending March 4, JLC’s data shows.

03-04-2026 19:26:06

State-owned refiners' daily crude runs to hold roughly stable in March

Guangzhou (JLC), February 27, 2026--State-owned oil refiners are likely to keep their daily crude runs largely stable in March, despite new maintenance at a few units.

02-27-2026 18:32:28

Shandong independents see lower crude refining margins

Guangzhou (JLC), January 28, 2026--Shandong-based independents saw lower crude refining margins in late January, as their costs continued to increase and their sales revenue declined further.

01-28-2026 19:11:05

Independents find higher refining margins for imported crude

Guangzhou (JLC), December 18, 2025--Shandong-based independent refiners found higher refining margins for imported crude in the middle of December, as imported crude costs declined further.

12-18-2025 13:40:06

Independents' refining margins for imported crude continue to grow

Guangzhou (JLC), October 23, 2025--Shandong-based independent refiners' refining margins for imported crude continued to grow in the week to October 22, as crude costs extended declines, despite a sl

10-23-2025 14:05:59

Independents' refining margins for imported crude retreat

Guangzhou (JLC), September 18, 2025--Shandong-based independents' refining margins for imported crude retreated in mid-September, due to a rally in crude costs, despite slightly higher sales revenue.

09-18-2025 11:07:07

PetroChina Guangdong hits 50-mln-mt mark in crude runs

Guangzhou (JLC), September 17, 2025--PetroChina Guangdong Petrochemical has processed more than 50 million mt of crude oil since it began operation in early 2023.

09-17-2025 18:29:45

Independents' crude refining margins weaken in late July

Guangzhou (JLC), July 30, 2025--Shandong-based independents' refining margins for imported crude weakened in late July, due to higher crude costs and lower sales revenue.

07-30-2025 18:50:46

Independents' refining margins for imported crude widen in H1 2025

Guangzhou (JLC), July 7, 2025--Shandong-based independents' refining margins for imported crude improved in the first half (H1) of 2025, due to a relatively large decrease in feedstock costs.

07-07-2025 15:42:27

Independents find higher refining margins for imported crude

Guangzhou (JLC), June 5, 2025--Shandong-based independent refiners found higher refining margins for imported crude in early June, because of rising sales revenue and slightly lower crude costs.

06-05-2025 14:35:13

Independents’ crude refining margins slump in mid-May

Guangzhou (JLC), May 15, 2025--Shandong-based independents’ crude refining margins slumped in mid-May, as crude costs rebounded and sales revenue slipped.

05-15-2025 15:04:38

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