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State-run refineries’ June operating rates up on less maintenance

Guangzhou (JLC), July 1, 2021--Chinese state-run refineries’ operating rates extended gains in June, as more refineries completed maintenance and came back on line.

July 01, 2021

CNPC to build commercial crude storage farm in Jieyang

Beijing (JLC), July 1, 2021--China’s state-owned oil company CNPC is expected to start building a commercial crude storage farm in southern Guangdong province.

July 01, 2021

Sinopec completes construction of Fujian commercial crude tanks

Beijing (JLC), July 1, 2021--Sinopec has completed the construction of its commercial crude tanks in Fujian province’s Gulei Petrochemical Base at end-June, the company said.

July 01, 2021

Shandong independents’ refining margins down on higher costs

Guangzhou (JLC), July 1, 2021--Shandong-based independent refiners’ refining margins extended drops this week when feedstock costs continued to gain more than product prices, but were stil

July 01, 2021

Bunker fuel supply for domestic trade may inch down in July

Beijing (JLC), July 1, 2021--China’s bunker fuel supply for domestic trade may edge lower in July because the refueling business at ports will decrease affected by the party's day.

July 01, 2021

INE crude edges up on OPEC’s optimistic outlook

Guangzhou (JLC), June 30, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) rose slightly on Wednesday due to an optimistic outlook from OPEC and a draw in

June 30, 2021

Shandong independents' run rates slip further on inspection

Guangzhou (JLC), June 30, 2021--Shandong-based independent refiners’ operating rates slipped further this week, as refiners continued to lower their throughput amid government inspections,

June 30, 2021

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