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March Crude Throughput Rises 6% on Year

Apr 18, 2017

China's crude refinery throughput in March rose 5.9% year on year to 47.5 million mt, or an average of 11.23 million b/d, preliminary data released Monday by the National Bureau of Statistics showed. This was the highest year-on-year ...

Tags: crude refinery, Oil

China Issues 20.93 Mil Mt Product Export Quota

Jan 6, 2016

China has more than doubled its first round oil product export quotas to 20.93 million mt from a year ago to 27 refineries in 2016, industry sources told Platts Tuesday. It contrasted to the 9.75 million mt released for the same period ...

Tags: oil product, gasoline

South Korea Data: Nov Crude Imports Record First Decline in Over a Year

Dec 2, 2015

South 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

China Bitumen Blend Demand Continues to Ease

Nov 7, 2015

Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...

Tags: crude, petroleum bitumen, fuel oil

China's Refinery Throughput Rose 4.3% Year on Year

Aug 13, 2015

China's refinery throughput rose 4.3% year on year to 43.54 million mt or an average 10.30 million b/d in July, preliminary data from the National Bureau of Statistics showed Wednesday. The July rate was down slightly from 10.59 million ...

Tags: Refinery, oil demand

The First Round of Oil Product Export Quotas for 2015

Jan 17, 2015

China this week issued the first round of oil product export quotas for 2015, with volumes totaling 9.75 million mt, industry sources said Wednesday, January 14. This is significantly more than the roughly 8 million mt of quotas that were ...

Tags: Oil Export, Crude Oil

Chinese Oil Companies Prompted to Reduce Output

Jan 11, 2015

Rising 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

China Imports The Gasoil to Better Margins

Nov 7, 2014

A combination of low inventories and refinery maintenance could be spurring some Chinese state-owned companies to seek gasoil imports for the fourth quarter, sources said this week. Though market sources said that state-owned trader ...

Tags: Gasoil, sulfur gasoil, crude oil

Libya's Oil Sector Is Showing Tentative Signs of Recovery

Jun 25, 2014

Libya's oil sector is showing tentative signs of recovery, with production now averaging around 300,000 b/d after the restart of the key Elephant field and with exports from the eastern ports of Marsa al-Hariga and Zueitina resuming after a ...

Tags: Oil Production, Elephant crude

Canada and South Korea Would Remove The Current 3% to 8% Tariff

Jun 23, 2014

A proposed free trade agreement between Canada and South Korea would remove the current 3% to 8% tariff that Canadian oil and gas producers have to pay for exports into that Asian nation, a Canadian government spokeswoman said Monday. ...

Tags: LNG Exports, Oil Exports

The World Bank Will Fund Infrastructure Projects Worth $245m to Revamp Facilities

May 28, 2014

The World Bank will fund infrastructure projects worth $245 million to revamp facilities in Uganda's Albertine oil region, ahead of first oil production in the country, Uganda's President Yoweri Museveni said in a statement Thursday. ...

Tags: Infrastructure Funds, Oil

Nigerian Crude Prices Are Starting to Fall ,Trading Sources Said Monday

May 14, 2014

Nigerian crude prices are starting to fall as the remaining 15-20 Nigerian June cargoes struggle to sell due to weakening refining margins, trading sources said Monday. The remaining unsold cargoes are looking to find a home in Europe, ...

Tags: Crude Oil, Nigerian crudes

South Korea Will Seek to Import More Shale Gas-Based LNG From North America

May 13, 2014

South Korea will seek to import more shale gas-based LNG from North America to meet rising power demand amid tighter environmental regulations, the deputy energy minister told Platts Friday. "Natural gas as a source of power generation ...

Tags: Shale Gasc, LNG

The Vietnamese Government & State-Owned PetroVietnam Have Objected to Drilling Operations

May 7, 2014

The Vietnamese government and state-owned PetroVietnam have objected to drilling operations by China National Offshore Oil Corp. in the South China Sea, saying that a rig owned by the Chinese company is in Vietnamese waters. Vietnam's ...

Tags: Vietnamese government, PetroVietnam

China's State-Owned Refiners Are Raising Planned Crude Runs to Average 82% Capacity

Apr 24, 2014

China's state-owned refiners are raising planned crude runs in April to average 82% capacity, up from 81% in March, Platts monthly survey showed Tuesday. The 23 refineries surveyed plan to process a combined 17.495 million mt (4.275 ...

Tags: Refiners, PetroChina

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