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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

Crude stocks at Shandong ports surge to over seven-month high

Guangzhou (JLC), April 3, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports surged to a new high in over seven months in early April.

04-03-2025 17:27:34

CNOOC's net profit surges 11.4% in 2024

Guangzhou (JLC), March 27, 2025--CNOOC’s net profit surged by 11.4% year on year in 2024 on the back of production growth and cost reduction, according to the company’s annual report released on March

03-27-2025 19:11:07

Shandong independents’ run rates surge after unit restart

Guangzhou (JLC), March 26, 2025--Shandong independent refiners’ operating rates surged in the week ending March 26, mainly because of the unit restart of two refiners.

03-26-2025 18:45:48

Daqing Refining & Chemical's January crude runs surge 8.14%

Guangzhou (JLC), February 20, 2025--PetroChina Daqing Refining & Chemical's crude runs soared by 8.14% year on year in January 2025, Daqing Daily reported on its news website on February 20.

02-20-2025 18:36:29

China's crude imports from Malaysia surge 28.4% in 2024

Guangzhou (JLC), January 20, 2025--China’s crude imports from Malaysia surged by 28.4% in 2024, in stark contrast to a decline of 1.87% in the former’s total crude imports in the year.

01-20-2025 17:26:31

China INE crude price surges on new US sanctions against Russia

Guangzhou (JLC), January 13, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) jumped on Monday, mainly supported by new US sanctions against Russia.

01-13-2025 19:14:03

China INE crude price retreats after US crude stocks surge

Guangzhou (JLC), October 9, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Wednesday due to a spike in the US crude inventories and stronger yuan

10-09-2024 18:52:15

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

Crude stocks at Shandong ports surge on more unloading

Guangzhou (JLC), March 7, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports surged in early March, because of more cargo unloading, though consumption grew modestly.

03-07-2024 18:58:05

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’ crude refining margins surge in early December

Guangzhou (JLC), December 6, 2023--Shandong-based independents’ crude refining margins surged in early December, as crude costs extended drops and prices of most downstream products ticked up.

12-06-2023 18:36:48

Sichuan Petrochemical's crude runs surge 11.06% in H1 2023

Guangzhou (JLC), July 19, 2023--PetroChina Sichuan Petrochemical's crude runs soared by 11.06% year on year in the first half of 2023 (H1), PetroChina reported on its official news website.

07-19-2023 19:03:08

China records surge in May crude imports

Guangzhou (JLC), June 7, 2023--China's crude imports soared in May 2023, both year on year and month on month, which could be ascribed to the unloading of some cargoes delayed from April.

06-07-2023 17:01:45

China’s apparent gasoline consumption surges 22.4% in April

Guangzhou (JLC), May 30, 2023--China’s apparent consumption of gasoline soared by 22.4% year on year in April, because of a relatively low base a year before when gasoline consumption was dampened by

05-30-2023 15:07:43

Daqing Petrochemical’s crude runs surge 4% in Q1 2023

Guangzhou (JLC), April 17, 2023--PetroChina Daqing Petrochemical’s crude throughput surged by 4% year on year in the first quarter (Q1) of 2023, PetroChina said on its news website.

04-17-2023 15:01:16

China INE crude price still surges on supply concerns

Guangzhou (JLC), April 4, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued surging on Tuesday, still supported by concerns of tightening supply after

04-04-2023 18:50:27

China’s crude imports to surge in March

Guangzhou (JLC), March 22, 2023--China's crude imports are likely to soar in March 2023, mainly due to delayed customs declaration of some cargoes and recovering fuel demand.

03-22-2023 11:51:36

Shandong independents’ crude imports surge 40.81% in H1 Mar

Guangzhou (JLC), March 17, 2023--Shandong-based independents’ crude imports have surged by 40.81% year on year so far this month, due to the arrival of some delayed shipments and a rise in independent

03-17-2023 10:11:58

China’s crude runs surge 3.3% in first two months

Guangzhou (JLC), March 15, 2023--China’s crude throughput soared 3.3% year on year in the first two months of 2023 as domestic fuel demand was recovering, also because of a relatively low base a year

03-15-2023 14:53:26

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