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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's Crude Oil Imports Surpassed Those of The United States in April

May 13, 2015

China's crude oil imports surpassed those of the United States in April, making it the world's largest oil importer, recent data showed. China imported 30.29 million tons of crude oil in April, or about 7.37 million barrels per day, data ...

Tags: Oil Imports, Crude Oil

China May Be Largest Oil User Globally

Nov 15, 2014

China may overtake the US as the largest oil consumer globally in the early 2030s as emerging countries will lead growth in oil consumption in the next decades, the International Energy Agency said in a report yesterday. Global oil demand ...

Tags: oil consumer, crude oil

China to Exceed Europe to Become The Largest Energy Importer in The World by 2035

Jan 21, 2014

China is expected to exceed Europe to become the largest energy importer in the world by 2035, said a report issued by British oil giant BP. The annual Energy Outlook 2035 report released on Wednesday forecast global energy consumption to ...

Tags: Oil Consumer, Energy Importer

Oil Demand Will Continue to Increase Globally

Dec 23, 2013

Although oil demand will continue to increase globally, it will become the fuel with the slowest consumption growth because of structural changes in the energy sector, experts said. China will surpass the United States, becoming the ...

Tags: oil, energy

China Is Expected to Overtake The United States to Become The World's Largest Oil Importer

Dec 3, 2013

China is expected to overtake the United States to become the world's largest oil importer in the 2020s as emerging economies, instead of developed ones, will claim most of the world's energy supplies, a report says. China will be the ...

Tags: Oil Importer, Oil, Metallurgy, Mineral, Energy

World Oil Demand Will Rise by 1.1% This Year to 90.26 Million Barrels a Day

Oct 10, 2013

World oil demand will rise by 1.1% this year to 90.26 million barrels a day, with gains coming from countries outside of the major industrialized nations, a U.S. government forecast said Tuesday. The Energy Information Administration said ...

Tags: Oil Demand, Oil Use

Oil Futures Traded Sharply Lower During Monday's Asian Session

Oct 5, 2013

Oil futures traded sharply lower during Monday’s Asian session after a critical economic data point out of China surprised to the downside. On the New York Mercantile Exchange, light, sweet crude futures for November delivery slid ...

Tags: Oil Futures, Mineral

OPEC's Share of The Global Oil Market Is Set to Diminish Further Next Year

Jul 17, 2013

OPEC's share of the global oil market is set to diminish further next year as surging supplies of oil from the US and other non-OPEC producers outpaces an expected acceleration in world oil demand growth, the International Energy Agency ...

Tags: Chemicals, Metallurgy, Mineral, Energy, Oil

Japan Exported More Fuel Oil in The Week Ended April 13 Than It Has in The Last 20 Months

Apr 19, 2013

Japan, a net importer of low sulfur fuel oil, exported more fuel oil in the week ended April 13 than it has in the last 20 months due to dwindling demand for the product from the country's utility companies, data released Wednesday by the ...

Tags: LSFO Exports, Chemicals

Gasoil Swaps in Singapore Narrowed 15 Cents/barrel Day on Day to a Seven-week Low

Mar 22, 2013

The time spread for gasoil swaps in Singapore narrowed 15 cents/barrel day on day to a seven-week low of plus 3 cents/b for April/May Wednesday, because of low regional gasoil demand and concerns over increased exports from China and India, ...

Tags: Chemicals, Metallurgy, Mineral, Energy

International Energy Agency Remains Over The Real Pace of China's Surging Oil Demand

Feb 22, 2013

The International Energy Agency remains largely in the dark over the real pace of China's surging oil demand despite long-running attempts to persuade the county to publish official data on consumption and oil stocks, the IEA's top energy ...

Tags: Oil Demand, Energy Security, Mineral

China Saw Its Oil Processing Volume Climb 9.1% YoY to 41.61 Million Tonne in November

Jan 6, 2013

China Knowledge reported that China, the world's second-largest oil consumer, saw its oil processing volume climb 9.1% YoY to 41.61 million tonne in November. According to a statement released by the National Development and Reform ...

Tags: oil processing, energy, China, oil consumer, growth, oil refining

Oil Was up in Asia on Trader Expectations of a Hike in Chinese Crude Demand

Dec 21, 2012

AFP reported that oil was up in Asia on trader expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14 month high in December. New York's main contract, light sweet crude for ...

Tags: oil, light sweet crude, rose, improved demand

Kuwait's Crude Oil Exports to Japan Jumped 25.3% in October

Dec 12, 2012

KUNA reported that Kuwait's crude oil exports to Japan jumped 25.3% in October from a year earlier to 8.19 million barrels or 264,000 barrels per day for the first expansion in 2 months. The Japanese Natural Resources and Energy Agency ...

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