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Guangxi puts its largest crude terminal into service

Guangzhou (JLC), July 12, 2021--Guangxi’s largest crude oil terminal, the 300,000-deadweight-tonne terminal at Qinzhou port, was open to international ships as from July 9, the Guangxi Mar

July 12, 2021

INE crude edges down, depressed by slowing growth of China’s economy

Guangzhou (JLC), July 9, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) dropped further on Friday, as China’s economy growth slowed down in June, but

July 09, 2021

Shandong independents receive more ESPO in June

Guangzhou (JLC), July 9, 2021--Independent refiners and traders had more cargoes of ESPO from Russia shipped to Shandong ports in June, JLC’s shipping fixtures show.

July 09, 2021

State-run refineries cut run rates as oil product exports plunge

Guangzhou (JLC), July 9, 2021--Chinese state-run refineries’ operating rates declined in early July, as oil giants plan to slash their oil product exports amid speeding market restructurin

July 09, 2021

INE crude continues falling despite crude inventory draw

Guangzhou (JLC), July 8, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) dropped further on Thursday despite a crude inventory draw, amid anxiety that su

July 08, 2021

Crude stocks at Shandong ports set another record high

Guangzhou (JLC), July 8, 2021--The crude stocks at Shandong ports set a fresh high this week, as cargoes kept streaming in and local refiners’ operating rates were relatively low.

July 08, 2021

Shandong independents’ refining margins rally on stronger products

Guangzhou (JLC), July 8, 2021--Shandong-based independent refiners’ refining margins rebounded this week when product prices gained more than feedstock costs.

July 08, 2021

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