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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

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

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

Shandong-based independents’ refining margins drop on higher costs

Guangzhou (JLC), March 9, 2023--Shandong-based independents’ refining margins for both imported and domestic crude rolled back this week, mainly due to cost inflation.

03-09-2023 11:57:40

Sinopec boosts November crude runs sharply

Guangzhou (JLC), December 1, 2022--Sinopec boosted its crude runs sharply in November 2022, due to large oil product exports and efforts to achieve its annual production targets before the yearend.

12-01-2022 18:04:46

Independents’ refining margins for imported crude surge on lower costs

Guangzhou (JLC), November 23, 2022--Shandong-based independents’ refining margins for imported crude surged this week as import costs remained on the downswing, though most oil product prices dropped

11-23-2022 21:01:11

Independents’ refining margins plunge further as costs rise

Guangzhou (JLC), November 10, 2022--Shandong-based independents’ refining margins for imported crude plummeted further this week, as import costs continued to climb while product prices were mixed.

11-10-2022 18:40:02

China boosts crude imports from Mideast in July 2022

Guangzhou (JLC), August 22, 2022--China increased its crude imports from most suppliers in the Middle East in July 2022 when the country’s imports rebounded modestly month on month.

08-22-2022 14:28:11

China boosts Apr crude imports from Saudi Arabia sharply

Guangzhou (JLC), May 20, 2022--China boosted its crude imports sharply from Saudi Arabia in April as the two countries deepened their cooperation and the latter shifted more focus on Asia.

05-20-2022 17:44:38

Sinopec boosts crude runs on recovering demand in 2021

Guangzhou (JLC), February 10, 2022--Sinopec increased its crude runs in 2021, as domestic demand for oil products was recovering when COVID-19 was effectively controlled.

02-10-2022 17:57:31

China boosts crude imports from Iraq and Malaysia sharply in Dec

China boosted its crude imports from Iraq, Malaysia, Norway and some other suppliers sharply in December 2022, according to data from the General Administration of Customs (GAC).

01-24-2022 16:59:53

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