Bankrupt independent refiners in China's Shandong province are restarting operations under new ownership, posing challenges ...

China 'teapot' refiners halt plants as new fuel tax bites, sources say. By Chen Aizhu and Trixie Sher Li Yap. January 27, 2025 11:07 AM UTC Updated January 27, 2025 An independent ...

Shandong teapot crude runs rise in March, 1st time in 3 months; Runs to improve further in April amid seasonal demand; China petrol, diesel demand to shrink 3% in 2025 -CNPC think tank ...

Shandong made up 11.6% of China's crude oil imports in 2015, Kpler data showed, the year the government allowed teapots to directly import crude. Since 2016, its share has averaged 27%.

China’s smaller independent refiners have ramped up fuel oil purchases to feed their plants as a customs crackdown squeezes supply of another favorite feedstock. Customs in Shandong province ...

Reuters. FILE PHOTO: A Shandong Haiyou Petrochemical Group refinery is seen in Ju county, Shandong province, China July 25, 2018. Picture taken July 25, 2018.

China 'Teapot' Refiners Halt Plants as New Fuel Tax Bites, Sources Say. More. Reuters. FILE PHOTO: An independent refinery is seen in Ju county, Shandong province, China July 25, 2018.