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Shandong receives lots of diluted bitumen before tax takes effect

Guangzhou (JLC), June 4, 2021--Shandong still received lots of imported diluted bitumen over May 29-June 4, before consumption tax is imposed on the feedstock as from June 12.

June 04, 2021

State-run refineries’ run rates rise further after unit restarts

Guangzhou (JLC), June 4, 2021--Chinese state-run refineries’ operating rates extended gains in the week to June 2, as refineries that came back on line before this week ramped up their cru

June 04, 2021

INE crude rises for third day on US crude inventory draw

Guangzhou (JLC), June 3, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) rose for a third consecutive day on Thursday, because of a large-than-expected d

June 03, 2021

Crude stocks at Shandong ports set another new high

Guangzhou (JLC), June 3, 2021--The crude stocks at Shandong ports hit a new high this week amid an influx of cargoes and slow feedstock consumption.

June 03, 2021

Shandong independents’ refining margins stay high

Guangzhou (JLC), June 3, 2021--Shandong-based independent refiners’ refining margins stayed high this week when product prices were strong, though the margins for imported crude slipped be

June 03, 2021

Shandong independents' run rates rebound modestly on restarts

Guangzhou (JLC), June 2, 2021--Shandong-based independent refiners’ operating rates rebounded modestly this week, due to unit restarts.

June 02, 2021

INE crude rises on unchanged OPEC+ cut policy, demand prospect

Guangzhou (JLC), June 2, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) rose further on Wednesday, as OPEC+ agreed to maintain its production cut plan w

June 02, 2021

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