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Independents’ crude refining margins continue to plunge

Guangzhou (JLC), May 22, 2025--Shandong-based independents’ crude refining margins continued to plunge in the week to May 21, due to higher crude costs and slightly lower sales revenue.

05-22-2025 15:04:27

Independents’ crude refining margins surge as costs plunge

Guangzhou (JLC), May 7, 2025--Shandong-based independents saw a surge in their crude refining margins in early May, thanks to a plunge in crude costs, despite a decline in sales revenue.

05-07-2025 18:44:41

Independents’ crude refining margins plunge on surging costs

Guangzhou (JLC), April 3, 2025--Shandong-based independents’ crude refining margins plunged in early April as crude costs surged, despite a rise in their sales revenue.

04-03-2025 17:07:14

China's crude imports from Russia and Saudi Arabia plunge in Jan-Feb

Guangzhou (JLC), March 20, 2025--China's crude imports from Russia and Saudi Arabia plunged year on year in the first two months of 2025.

03-20-2025 11:38:05

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

Independents’ refining margins for imported crude plunge

Guang?zhou (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

Shandong independents’ feedstock unloading plunges 12.8% in Q1-Q3

Guangzhou (JLC), October 16, 2024--Shandong-based independent refiners’ feedstock unloading plunged by 12.8% in the first three quarters of this year, which could mainly be ascribed to softer demand a

10-16-2024 13:55:06

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

Independents’ refining margins for imported crude plunge

Gu?angzhou (JLC), May 16, 2024--Shandong-based independents’ refining margins for imported crude plunged in mid-May, as fuel prices dropped further.

05-16-2024 14:56:58

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

Guangzh?ou (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’ refining margins for imported crude plunge

Guangzhou (JLC), February 1, 2024--Shandong-based independents’ refining margins for imported crude extended plunges in late January, because of an obvious increase in imported crude costs, while thei

02-01-2024 22:20:07

Independents’ crude refining margins plunge

Gua?ngzhou (JLC), December 20, 2023--Shandong-based independents’ refining margins for imported crude plunged in the week to December 20, as downstream oil product prices fell further and imported cru

12-20-2023 19:09:22

Independents’ crude oil imports plunge in past weeks

Guangzhou (JLC), November 24, 2023--Shandong-based independent refiners and traders have witnessed a plunge in their crude oil imports over the past few weeks, due to tigh?t import quotas.

11-24-2023 10:39:45

Independents’ crude refining margins plunge as products weaken

Gu?angzhou (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

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