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Saudi Arabia regains 2nd place among crude suppliers to China

Guangzhou (JLC), December 20, 2024--Saudi Arabia regained the second place among the crude suppliers to China in November 2024, with its supply to China jumping month on month, according to the GACC.

12-20-2024 14:47:46

Sinopec and PetroChina to tally drops in 2024 crude runs

Guangzhou (JLC), December 17, 2024--Both Sinopec and PetroChina are expected to tally a drop in their crude throughput in 2024, as demand for some products, particularly diesel, has dropped.

12-17-2024 18:31:59

Sinopec to have more refinery maintenance in 2025

Guangzhou (JLC), December 16, 2024--Sinopec has scheduled more refinery turnarounds for 2025, while PetroChina will have less maintenance, according to their preliminary plans.

12-16-2024 18:16:12

China's crude runs rebound 1.55% on month in November

Guangzhou (JLC), December 16, 2024--China's crude oil throughput rebounded by 1.55% on a month-on-month comparison in November, according to data from the National Bureau of Statistics (NBS).

12-16-2024 11:33:15

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

SOEs to slash December diesel output amid seasonally weak demand

Guangzhou (JLC), December 9, 2024--State-owned enterprises (SOEs) plan to cut their diesel production sharply in December 2024 when domestic demand turns seasonally weak.

12-09-2024 15:05:48

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

Shandong independents' run rates up on improving margins

Guangzhou (JLC), December 4, 2024--Shandong independent refiners' operating rates rose modestly in the week to December 4 as refining margins improved further amid strengthening product prices.

12-04-2024 17:57:46

Chinese SOEs to lower December crude runs as demand weakens

Guangzhou (JLC), December 3, 2024--Chinese state-owned enterprises plan to cut their crude throughput in December, as fuel demand becomes seasonally weak and their exports drop amid short quotas.

12-03-2024 18:32:28

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

Shandong independents' run rates inch up as sales improve

Guangzhou (JLC), November 27, 2024--Shandong independent refiners' operating rates inched up in the week to November 27 as sales started to improve.

11-27-2024 18:29:24

Most Chinese provinces record lower crude runs in first 10 months

Guangzhou (JLC), November 26, 2024--Most Chinese provinces, municipalities and autonomous regions including Liaoning, Jilin and Shandong recorded lower crude throughput in the first 10 months of 2024.

11-26-2024 17:36:03

Chinese oil companies revise up plans for November refined oil exports

Guangzhou (JLC), November 25, 2024--Chinese oil companies have revised up their plans for November exports of clean oil products (gasoline, diesel and jet fuel), before China cuts its VAT rebate.

11-25-2024 17:20:37

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

Shandong independents' run rates largely stable over past week

Guangzhou (JLC), November 20, 2024--Shandong independent refiners' operating rates became largely steady in the week to November 20, JLC's data shows.

11-20-2024 18:14:52

Malaysia becomes second biggest crude supplier to China in October

Guangzhou (JLC), November 20, 2024--Malaysia surpassed Saudi Arabia and became the second biggest crude supplier to China in October 2024, according to data from the GACC.

11-20-2024 17:12:20

Chinese oil refiners cut October gasoline output to year’s lowest

Guangzhou (JLC), November 18, 2024--Chinese oil refiners cut their October gasoline production to the year's lowest, according to data from the National Bureau of Statistics (NBS).

11-18-2024 16:46:28

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China's crude runs drop on year for seven consecutive months

Guangzhou (JLC), November 15, 2024--China's crude oil throughput dropped for seven months in a row on a year-on-year comparison as of October, mainly due to relatively weak domestic product demand.

11-15-2024 11:50:55

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