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China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China's 2024 crude imports retreat from record high

Guangzhou (JLC), January 13, 2025--China's crude oil imports retreated in 2024, after setting a record high in 2023, according to the latest data released by the GACC on Monday.

01-13-2025 16:05:33

Shandong independents receive more imported feedstock in December

Guangzhou (JLC), January 10, 2025--Shandong-based independent refiners received more imported feedstock in the last month of 2024, amid expectation of growing demand.

01-10-2025 16:02:12

Crude stocks at Shandong ports drop on low unloading

Guangzhou (JLC), January 9, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports declined significantly in the week to January 9, 2025, as outbound delivery outpaced unloading.

01-09-2025 18:31:11

Yantai Port puts 3.0-mln-cbm crude tank farm into service

Guangzhou (JLC), January 6, 2025--Yantai Port in Shandong started operating a 3.0-million-cubic-meter crude tank farm on January, Shandong Port Group said on January 5.

01-06-2025 15:59:32

Crude stocks at Shandong ports hold largely stable at the beginning of 2025

Guangzhou (JLC), January 3, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports were still largely stable in the week to January 2, 2025, JLC's data shows.

01-03-2025 14:31:09

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

China to hike customs duties on imported fuel oil in 2025

Guangzhou (JLC), December 30, 2024--China will hike the temporary customs duties on imported fuel oil to 3% in 2025, up from 1%, according to a notice released by a State Council committee.

12-30-2024 18:07:41

Crude stocks at Shandong ports largely steady in late December

Guangzhou (JLC), December 27, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports became largely stable in the week to December 26, JLC's data shows.

12-27-2024 15:25:44

China INE crude price edges up after China vows more fiscal support

Guangzhou (JLC), December 26, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased slightly on Thursday after the country pledged a more proactive fiscal

12-26-2024 18:36:42

Crude stocks at Shandong ports retreat in mid-December

Guangzhou (JLC), December 19, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports decreased in the week to December 19, as outbound delivery outpaced cargo unloading.

12-19-2024 18:40:05

Cangzhou Port Group starts building 300,000-dwt crude terminal

Guangzhou (JLC), December 17, 2024--Cangzhou Port Development Group kicked off the construction of a 300,000-dwt crude oil terminal project at Huanghua Port in Hebei Province on December 15.

12-17-2024 17:59:10

Crude stocks at Shandong ports extend rises over past week

Guangzhou (JLC), December 12, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports extended rises in the week to December 12, as unloading outpaced outbound delivery.

12-12-2024 17:08:53

China's crude imports rebound to 15-month high in November

Guangzhou (JLC), December 10, 2024--China's crude imports rebounded sharply to a 15-month high in November 2024, which could be ascribed to lower prices in September when orders were placed.

12-10-2024 14:44:36

Crude stocks at Shandong ports rebound slightly in early December

Guangzhou (JLC), December 6, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rebounded slightly in the week to December 5, as unloading outpaced outbound delivery modestly.

12-06-2024 16:11:20

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

Crude stocks at Shandong ports up slightly

Guangzhou (JLC), November 21, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports grew modestly in the week to November 21 as cargo unloading still exceeded outbound delivery.

11-21-2024 18:39:59

Crude stocks at Shandong ports extend rises

Guangzhou (JLC), November 14, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports extended gains in the week to November 14 as more cargoes were unloaded.

11-14-2024 18:32:30

China's daily crude imports drop 4.91% on month in October

Guangzhou (JLC), November 8, 2024--China's daily crude oil imports fell by 4.91% month on month in October 2024, according to the latest data from the General Administration of Customs of the PRC.

11-08-2024 17:30:46

Crude stocks at Shandong ports rebound as unloading outpaces delivery

Guangzhou (JLC), November 7, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports rallied in the week to November 7 as cargo unloading outpaced delivery.

11-07-2024 20:03:18

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