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

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 ...

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 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.