China raises the consumption tax on oil products beginning Tuesday. This will be the third increase in as many months, following one on Nov 29 and another on Dec 13. The sharp drop in the price of crude oil since late June has been ...
Tags: consumption tax, oil products
China'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
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
China'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
Platts’ analysis shows apparent oil demand in August was 41.19 million metric tons (mt), or an average 9.74 million barrels per day (b/d) — an increase of 3.7% year over year. This growth came despite a slew of bearish economic ...
Tags: Oil Demand
China's apparent oil demand* in June turned directions from May and climbed 2.7% versus the same month a year ago to 41.94 million metric tons (mt) or an average 10.25 million barrels per day (b/d), according to a just-released Platts ...
Tags: Metallurgy, Mineral, Energy, Oil
China'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 ...
According to the data released by the Export and Import Division of South Korea's Ministry of Knowledge Economy (MOTIE), the country's trade balance indicated a $5.35 billion surplus in May this year. Meanwhile, in the first five months ...
Tags: Steel Exports, cars exports
China's top economic planner announced on Friday a rise in the retail price of gasoline and diesel, both by 70 yuan (11.35 U.S. dollars) per tonne as of Saturday. The move means that the benchmark retail prices of gasoline and diesel will ...
Tags: Oil Products, Crude Oil
Russia does not plan to reduce export volumes of its crude and gas in the next 10-20 years, but expects to increase exports of high quality oil products as major modernization of its refineries is in the final stages, Lukoil CEO Vagit ...
Tags: Crude Exports, Gas Exports
According to the data released by the Export and Import Division of South Korea's Ministry of Knowledge Economy (MOTIE), the country's trade balance indicated a $4.46 billion surplus in April this year. Meanwhile, in the first four months ...
Tags: Steel Import, automotive
South Korea's third-largest refiner, S-Oil, sold a combined 639,000 b/d of oil products, petrochemicals and lube in the first quarter of this year, up 1.4% from 630,000 b/d a year ago, the company said in a statement Thursday. Sales in Q1 ...
Tags: Oil Products, Petrochemicals
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
Yemen's crude oil exports in February fell to 800,000 barrels, from around 2 million barrels in January as repeated attacks on oil pipelines led to halts in crude production, official new agency Saba reported Saturday, quoting a report by ...
Russia has agreed to ship 23 million mt of crude to Belarus this year, a spokeswoman for the Russian Energy Ministry said Friday. Russia is planning to ship 21 million mt by pipeline and a further 2 million mt by rail this year, the ...
Tags: Crude, oil products