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Crude imports
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China to Restrict Oil Product Exports in H1 2017
Mar 31, 2017China is highly likely to restrict oil product exports in the first half of 2017 to flat or below H1 2016 levels amid growing focus on pollution control, curbing excess capacity and international trade flows, sources with knowledge of the ...
Tags: Oil Product, Crude Oil
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China's Non-State Crude Import Quota Unchanged
Dec 4, 2016China's Ministry of Commerce announced on Thursday that the quota for non-state crude oil imports will stay unchanged at 87.6 million tonnes for 2017. The volume is equivalent to around 26 percent of China's crude imports last year. ...
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China May Apply Brakes to Strategic Oil Reserve Growth
Dec 16, 2015After more than doubling its strategic oil reserves since last year, China may apply the brakes to its buying spree as storage availability is expected to be limited, while a climate of depressed prices will reduce any urgency to snap up ...
Tags: Oil Reserve, crude, oil price
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South Korea Data: Nov Crude Imports Record First Decline in Over a Year
Dec 2, 2015South Korea's crude oil imports fell 3.7% on year in November, marking the first decline in more than a year. The country imported 79.9 million barrels of crude oil in November, down from 83 million barrels a year earlier, preliminary ...
Tags: Crude Imports, oil products
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Shandong Teapot Refiners to Ramp up Crude Imports
Nov 23, 2015Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...
Tags: Teapot Refiners, crude oil
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China's Oct Crude Oil Imports Rise 9.4% on Year
Nov 10, 2015China's crude oil imports rose 9.4% on year to 26.35 million mt in October, or 6.23 million b/d, preliminary data released by the General Administration of Customs Sunday showed. The October imports were 8.8% lower from September's 6.829 ...
Tags: Crude Oil, crude exports
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Dubai-Wti Swap Spread at Highest Level Since MID-January
Nov 6, 2015The differential between the WTI frontline swap and the Dubai swap is at its widest since mid-January, possibly opening up arbitrage opportunities for imports into the US, Platts data showed. The December Dubai swap was trading at a ...
Tags: WTI frontline swap, Dubai swap, crude
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China's Goods Imports Decreased Sharply in Jan
Feb 9, 2015Prices of raw materials such as iron ore, coal, crude oil and refined oil have been hitting record low prices on the global market, but import volumes into China. Although the trade balance has continued to be in excess of exports over ...
Tags: Commodity Imports, raw materials
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China's Total Available Crude Supply Exceeded Refinery Throughput in December
Jan 25, 2015China's total available crude supply significantly exceeded refinery throughput in December, suggesting 915,000 b/d of crude oil was added to storage during the month, although the total stockbuild during 2014 averaged just over 300,000 ...
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Chinese Oil Companies Prompted to Reduce Output
Jan 11, 2015Rising production costs and falling global crude prices are prompting Chinese oil companies to reduce output and explore other options for sustainable profit growth in the long term, a leading industry expert said on Tuesday. Part of the ...
Tags: crude prices, Crude Oil
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China's Nov Russian Crude Imports Hit Record High
Dec 27, 2014China's crude imports from its major suppliers rose significantly in November versus a year ago, with Russian cargoes hitting a record high, although shipments from top exporter Saudi Arabia fell 5.9% to 3.99 million mt, detailed data from ...
Tags: Crude Imports, pipeline oil
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China Turns Net Oil Product Exporter Over Jan-Nov
Dec 9, 2014China's crude oil imports rose 8% year on year to 25.41 million mt in November, or an average 6.21 million b/d, preliminary General Administration of Customs data released Monday, December 8, showed. The volume was also up 8.9% month on ...
Tags: Oil Product, Crude Oil
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China's October Crude Imports From Iran Surge 36%
Nov 25, 2014China's crude imports from its major suppliers, including Iran, rose significantly in October versus a year ago, save for top exporters Saudi Arabia and Angola, detailed data from the General Administration of Customs showed Saturday, ...
Tags: Crude imports, Crude Oil
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China's Crude Oil Imports in September Rose 7.4%
Oct 13, 2014China's crude oil imports in September rose 7.4% year on year to 27.58 million mt or an average 6.74 million b/d, the second highest on record, preliminary data released Monday by the General Administration of Customs showed. Crude ...
Tags: Crude Oil, Oil Products
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China's Raised Domestic Retail Prices of Gasoline and Diesel
Jun 25, 2014China's National Development and Reform Commission has raised domestic retail prices of gasoline and diesel by Yuan 165/mt ($26.50/mt) and Yuan 160/mt, respectively, effective midnight Tuesday. This is the first fuel price adjustment in a ...