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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

China INE crude price drops as OPEC+ may boost output further

Guangzhou (JLC), June 30, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to fall on Monday amid expectations of another production increase by OPEC+

06-30-2025 18:49:49

State-owned refiners to have much less unit maintenance in July

Guangzhou (JLC), June 30, 2025--State-owned oil refiners will have much less unit maintenance in July as more refineries come back online and no refinery is coming under maintenance.

06-30-2025 18:31:33

State-owned refinery run rate rises to 3-month high on less maintenance

Guangzhou (JLC), June 26, 2025--Chinese state-owned oil refineries' run rates extended rises to a three-month high in the week ending June 25, as Sinopec Hunan Petrochemical restarted its refinery.

06-26-2025 18:36:37

Shandong independents' run rates retreat on maintenance

Guangzhou (JLC), June 25, 2025--Shandong independent refiners' operating rates retreated in the week ending June 25 due to more unit maintenance.

06-25-2025 18:23:46

China records plunge in crude imports from Malaysia in May

Guangzhou (JLC), June 20, 2025--China tallied a sharp drop in its crude imports from Malaysia in May 2025, according to data from the General Administration of Customs of the PRC (GACC).

06-20-2025 14:05:59

Chinese refineries’ crude runs extend drop on maintenance in May

Guangzhou (JLC), June 16, 2025--Chinese refineries continued to cut their crude runs in May 2025 because of peak maintenance amid seasonally low fuel demand.

06-16-2025 15:44:54

State-owned refinery run rate drops on maintenance in May

Guangzhou (JLC), June 12, 2025--Chinese state-owned oil refineries' run rate extended drops in May, because of peak refinery maintenance amid average demand.

06-12-2025 11:52:49

Chinese independent refiners’ operating rate drops modestly in May

Guangzhou (JLC), June 11, 2025--Chinese independent refiners' operating rate fell modestly in May 2025 when unit maintenance grew amid seasonally weak demand.

06-11-2025 16:00:13

China's May crude imports drop as demand weakens

Guangzhou (JLC), June 9, 2025--China's crude imports dropped to an average level in May 2025, as demand weakened amid peak refinery maintenance.

06-09-2025 16:16:24

SOEs to hike June refinery operating rate on less maintenance

Guangzhou (JLC), June 5, 2025--State-owned enterprises (SOEs) are likely to hike their refinery operating rates in June 2025, after maintenance peaked in April-May.

06-05-2025 18:44:39

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

China INE crude price down as Trump’s tariffs remain in effect

Guangzhou (JLC), May 30, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Friday after a U.S. appeals court reinstated Trump’s tariffs.

05-30-2025 18:56:43

State-owned refinery run rates hit 33-month low in late May

Guangzhou (JLC), May 29, 2025--Chinese state-owned oil refineries' run rates fell to a 33-month low in the week ending May 28, still affected by maintenance.

05-29-2025 19:17:33

Chinese refineries slash April crude runs on maintenance

Guangzhou (JLC), May 19, 2025--Chinese refineries processed much less crude oil in April 2025 when they entered peak maintenance.

05-19-2025 11:28:11

Independents’ crude refining margins slump in mid-May

Guangzhou (JLC), May 15, 2025--Shandong-based independents’ crude refining margins slumped in mid-May, as crude costs rebounded and sales revenue slipped.

05-15-2025 15:04:38

State-owned refiners to see less maintenance in June

Guangzhou (JLC), May 14, 2025--Chinese state-owned refiners are expected to see less refinery maintenance in June, according to their plans.

05-14-2025 17:39:11

State-owned refineries' April run rates drop further on maintenance

Guangzhou (JLC), May 8, 2025--Chinese state-owned oil companies' refinery operating rates extended drops in April, because of more refinery maintenance.

05-08-2025 15:39:36

Shandong independents' run rates extend drops on maintenance

Guangzhou (JLC), May 7, 2025--Shandong independent refiners' operating rates extended drops in early May, the sixth week in a row, due to more unit maintenance.

05-07-2025 18:25:01

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

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