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Chinese Independent Refiners Step up Gasoil

Feb 21, 2016

China's independent refiners nearly doubled their gasoil and gasoline production in January and output is expected to remain at high levels going forward as they maintain strong run rates, set up reformers, and continue to process light ...

Tags: independent refiners, gasoline

China's Price Move Signals Discomfort with Plunge

Dec 21, 2015

The Chinese government Tuesday refrained from adjusting retail oil product prices in line with global crude oil fluctuations for the first time in nearly three years, sending a strong signal to the market that it believes prices may have ...

Tags: oil product, crude oil

China: Little Interest Seen for Russian Tender

Sep 12, 2015

China'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

A JYD Survey of 36 of The Refineries Found They Consumed 5.14 Million Mt of Merey Crude

Feb 24, 2014

China's recent move to digitally tag fuel cargoes to clamp down on the widespread practice of declaring crude purchases as fuel oil to evade taxes is already seen to be curbing demand for heavy Venezuelan Merey crude from teapot refiners in ...

Tags: Curbing Demand, Tax Change

China's Fuel Oil Imports in November Plunged 29.7% Year on Year to 1.46 Million Mt

Jan 2, 2014

China'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. ...

Tags: Fuel Oil, Mineral

Europe's Refiners Are Likely to Raise Production in July

Jun 10, 2013

Europe's refiners are likely to raise production in July because gains in product premiums have recently outpaced crude prices, traders said Thursday. This could mark the end of a period of limited production in Europe that has lasted ...

Tags: European, Chemicals, Production

Average Run Rate at 'Teapot' Refineries Dropped to 36.5% in April From 42% in March

May 10, 2013

The average run rate at "teapot" refineries in China's Shandong province dropped to 36.5% in April from 42% in March, due to slow sales of oil products, according to data from Beijing-based energy information provider JYD Commodities Hub. ...

Tags: Apr, oil products

China Is Considering to Make Changes to Its Oil Pricing Mechanism

Mar 8, 2013

China is considering to make changes to its oil pricing mechanism by both shortening the price review period and removing the price fluctuation limitation of a basket of crudes used to adjust retail oil product prices, the official Xinhua ...

Tags: China, Oil Pricing, Mechanism

Shandong-Based Independent Refiners' Gasoil and Gasoline Stocks Climbed

Dec 20, 2012

Shandong-based independent refiners' gasoil and gasoline stocks climbed in the first half of December, because consumption was slow while production was still quite large amid high refinery operating rates, industry sources said. These ...

Tags: oil product stocks, Chemicals, stocks

Saudi Aramco Mobil Refinery Company Will Shut Most of The Units

Dec 7, 2012

Reuters reported that Saudi Aramco Mobil Refinery Company will shut most of the units at its 400,000 barrel per day Yanbu refinery in March to bring a new cleaner fuel project online. Traders said that the outage planned by the joint ...

Tags: Mobil Refinery Company, cleaner fuel project, gasoil and gasoline

China's State Administration of Taxation Announced a Series of Measures to Take Effect

Dec 6, 2012

The Chinese government's latest move to combat tax evasion by imposing a consumption tax on MTBE and aromatics is likely to raise gasoline blending costs and make imports of finished gasoline relatively more cost-effective, industry sources ...

Tags: Tax on MTBE, Gasoline, aromatics

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