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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

Crude stocks at Shandong ports plunge in late November

Guangzhou (JLC), November 28, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports plunged in the week to November 28, as more feedstock was delivered out of local ports.

11-28-2024 17:59:18

Sinopec’s net profit plunges 16.6% in first three quarters

Guangzhou (JLC), October 29, 2024--Sinopec’s net profit plummeted by 16.6% year on year in the first three quarters of 2024, reversing a 2.6% gain in the first half, mainly due to shrinking refining m

10-29-2024 15:42:21

China INE crude price rallies after Libya’s oil production plunges

Guangzhou (JLC), August 30, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Friday due to a plunge in Libya’s oil production and an upgrade in the

08-30-2024 18:29:08

China INE crude price plunges on bearish US jobs data

Guangzhou (JLC), August 5, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell significantly on Monday, as the latest US jobs report sparked fears of a recess

08-05-2024 19:05:13

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

China INE crude price plunges on US inflation concerns

Guangzhou (JLC), May 6, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) fell sharply on May 6 due to concerns over persisting high inflation in the US and a bu

05-06-2024 18:55:32

Independents’ crude refining margins plunge further

Guangzhou (JLC), April 3, 2024--Shandong-based independents’ crude refining margins plunged further in early April, dampened by continuous rises in crude costs.

04-03-2024 17:58:23

Independents’ crude refining margins plunge as products weaken

Guangzhou (JLC), October 18, 2023--Shandong-based independents’ crude refining margins plunged in mid-October when downstream oil product prices fell further.

10-18-2023 18:25:19

China INE crude price plunges on demand uncertainty

Guangzhou (JLC), October 9, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) slumped in early October due to uncertainty about global oil demand.

10-09-2023 19:24:41

China's jet fuel imports plunge as domestic output soars

Guangzhou (JLC), June 25, 2023--China slashed its jet fuel imports in the first five months of 2023 when domestic production soared.

06-25-2023 13:52:54

Shandong-based independents’ refining margins plunge in late Mar

Guangzhou (JLC), March 29, 2023--Shandong-based independents’ refining margins for imported crude fell back from the previous high in late March, as import costs increased and downstream product pric

03-29-2023 19:04:44

China INE crude price plunges on weak US economic data

Guangzhou (JLC), January 5, 2023--The price of crude futures on China’s Shanghai International Energy Exchange (INE) fell significantly on Thursday, following weak economic data from the United States

01-05-2023 19:08:50

China INE crude price plunges after EIA cuts demand forecast

Guangzhou (JLC), December 7, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) dropped sharply on Wednesday, after the Energy Information Administration (EIA) cu

12-07-2022 18:58:00

China INE crude price plunges on easing supply concerns

Guangzhou (JLC), November 24, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated sharply on Thursday, as fears of a supply disruption eased on news that

11-24-2022 19:05:40

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

Shandong independents’ run rates plunge in August

Guangzhou (JLC), September 4, 2022--Shandong-based independent refiners’ operating rates plunged in August, mainly because of tax-related inspections and depressed fuel demand.

09-04-2022 22:56:34

China's June crude runs still plunge on year

Guangzhou (JLC), July 15, 2022--China’s crude runs in June 2022 continued to slump year on year as product demand recovery was slow when the country still faced impact from the virus.

07-15-2022 14:52:56

China INE crude price still plunges on crude stock build, demand fears

Guangzhou (JLC), July 7, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) continued to fall on Thursday, on the back of an unexpected crude inventory build and

07-07-2022 19:03:34

China INE crude price plunges on mounting fears of recession

Guangzhou (JLC), July 6, 2022--The price of crude futures on China’s Shanghai International Energy Exchange (INE) retreated sharply on Wednesday as fears of a recession mounted, outweighing concerns o

07-06-2022 19:20:46

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