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Beijing Expected to End Oil Product Export Quotas
Dec 7, 2016China's independent refineries likely have to rely on state-owned trading companies to export oil products in 2017 as Beijing is likely to stop awarding them quotas to export directly, informed sources said Friday. "It [stopping awarding ...
Tags: Oil Product, Refiners
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China: Little Interest Seen for Russian Tender
Sep 12, 2015China's independent teapot refiners are showing little interest in participating in Russian M100 tenders that are set to be issued in late September or early October, market sources said Thursday. Only two 40,000 mt cargoes of Russian ...
Tags: Teapot Refineries, Refineries
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The First Round of Oil Product Export Quotas for 2015
Jan 17, 2015China 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
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China Imports The Gasoil to Better Margins
Nov 7, 2014A 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
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Premium of Indonesian Minas Crude to Front-month May ICE Brent Futures Fell
Apr 3, 2014The premium of Indonesian Minas crude to front-month May ICE Brent futures fell to a one-month low of 4 cents/barrel on Tuesday after offers from Chinaoil in the Platts Market on Close assessment process failed to elicit buying interest. ...
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The Chinese Government Has Issued a Gasoil Export Quota of 1.9 Million Mt
Feb 10, 2014The Chinese government has issued a gasoil export quota of 1.9 million mt to state-owned traders Chinaoil and Unipec, sources said Friday. Unipec, the trading arm of state-owned China Petroleum and Chemical Corp., or Sinopec, is ...
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China's Fuel Oil Imports in November Plunged 29.7% Year on Year to 1.46 Million Mt
Jan 2, 2014China's fuel oil imports in November plunged 29.7% year on year to 1.46 million mt, General Administration of Customs data released Friday showed. The total was also down 12.4% from October. The volume refers to fuel oil classified as No. ...
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China Will Re-Introduce an Import Tax on Diesel -- at 1% -- From January 1, 2014
Dec 18, 2013China will re-introduce an import tax on diesel -- at 1% -- from January 1, 2014, following approval from the State Council, the country's Ministry of Finance said Monday. No reason was given for the change. Diesel had been exempt from ...
Tags: Diesel Tax, Mineral
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China's Gasoil Exports in August Hit an Almost 17-Month Low of 70,000 Mt
Sep 25, 2013China's gasoil exports in August hit an almost 17-month low of 70,000 mt, according to data released by the General Administration of Customs late Monday. The volumes were the lowest since March 2012, when China exported 60,000 mt of ...
Tags: Gasoil Exports, Chemicals
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China's Fuel Oil Imports in July Were Flat From a Year Earlier,at 1.87 Million Mt
Aug 29, 2013China's fuel oil imports in July were flat from a year earlier, at 1.87 million mt, amid sustained weak demand for the fuel, detailed data released last week by the General Administration of Customs showed. The volumes refer to the fuel ...
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ChemChina Is Planning to Set up an Oil Trading Desk in Singapore in MID-September
Aug 16, 2013China's state-owned China National Chemical Corp., or ChemChina, is planning to set up an oil trading desk in Singapore in mid-September, a source at ChemChina said Wednesday. "Our Singapore trading desk will have around 10 people for ...
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Gasoil Exports From China's State-owned Trading Company Unipec
Jun 18, 2013Gasoil exports from China's state-owned trading company Unipec -- which accounted for most of the country's gasoil shipments so far this year -- are expected to be minimal in June and July following reduced volumes in May, because the ...
