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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’ refining margins for imported crude slide

Guangzhou (JLC), April 30, 2025--Shandong-based independents’ refining margins for imported crude slid in the week to April 30, because of a fall in their sales revenue.

04-30-2025 19:07:43

Independents’ refining margins for imported crude plunge

Guangzhou (JLC), January 2, 2025--Shandong-based independents’ refining margins for imported crude plunged in the week to January 1, 2025, as crude costs increased and sales revenue declined.

01-02-2025 17:36:39

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), September 25, 2024--Shandong-based independents’ refining margins for imported crude plunged significantly and turned negative in late September, due to higher crude costs and lower s

09-25-2024 17:27:22

Independents’ refining margins for imported crude surge

Guangzhou (JLC), September 12, 2024--Shandong-based independents’ refining margins for imported crude rebounded rapidly in the week to September 11, buoyed by plunging crude costs, despite a fall in

09-12-2024 16:55:03

Independents’ refining margins for imported crude double

Guangzhou (JLC), July 31, 2024--Shandong-based independents’ refining margins for imported crude doubled in late July as crude costs extended drops, despite lower sales revenue.

07-31-2024 19:01:33

Independents’ refining margins for imported crude plunge

Guangzhou (JLC), June 19, 2024--Shandong-based independents’ refining margins for imported crude plunged in the week to June 19, squeezed by rallying costs and falling sales revenue.

06-19-2024 18:02:03

Yan’an Refinery starts refining imported crude

Guangzhou (JLC), May 14, 2024--Yan’an Refinery under Shaanxi Yangchang Petroleum (Group) started processing imported crude oil on April 30, according to Yangchang Petroleum News.

05-14-2024 15:10:49

Independents’ refining margins for imported crude turn positive

Guangzhou (JLC), April 17, 2024--Shandong-based independents’ refining margins for imported crude rebounded and turned positive in the middle of April, as prices of most downstream products increased

04-17-2024 18:36:58

Independents’ refining margins for imported crude move lower

Guangzhou (JLC), April 11, 2024--Shandong-based independents’ refining margins for imported crude moved lower in the week to April 10, as crude costs extended increases.

04-11-2024 15:14:24

Independents find higher refining margins for imported crude

Guangzhou (JLC), March 14, 2024--Shandong-based independents found higher refining margins for imported crude in the middle of this month, because of falling crude costs as well as a rise in most pro

03-14-2024 15:51:03

Independents’ refining margins for imported crude soar

Guangzhou (JLC), February 8, 2024--Shandong-based independents’ refining margins for imported crude soared significantly in early February as crude costs decreased, while their margins for domestic c

02-08-2024 16:09:55

Independents find higher refining margins for imported crude

Guangzhou (JLC), January 11, 2024--Shandong-based independents found higher refining margins for imported crude in the week to January 10, as crude costs slipped and prices of most oil products rose.

01-11-2024 14:37:30

Independents’ refining margins for imported crude surge

Guangzhou (JLC), January 4, 2024--Shandong-based independents’ refining margins for imported crude surged rapidly in early January as import costs decreased.

01-04-2024 14:36:00

Independents’ refining margins for imported crude tumble again

Guangzhou (JLC), December 27, 2023--Shandong-based independents’ refining margins for imported crude tumbled again in late December, because of a further rise in import costs.

12-27-2023 18:37:33

Independents find higher refining margins for imported crude

Guangzhou (JLC), November 29, 2023--Shandong-based independents found higher refining margins for imported crude in late November when costs fell further.

11-29-2023 17:12:40

Independents’ refining margins for imported crude rally

Guangzhou (JLC), May 31, 2023--Shandong-based independents’ refining margins for imported crude rallied in the last week of May, buoyed by a modest increase in sales revenue.

05-31-2023 18:40:15

Shandong independents’ refining margins for imported crude drop further

Guangzhou (JLC), April 13, 2023--Shandong-based independents’ refining margins for imported crude dropped further in the week to April 12, as import costs ticked higher, though downstream product pric

04-13-2023 10:39:18

Independents’ refining margins for imported crude jump to 15-month high

Guangzhou (JLC), March 22, 2023--Shandong-based independents’ refining margins for imported crude extended surges and exceeded the mark of CNY1,000/mt this week, as import costs continued to decrease

03-22-2023 18:07:58

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