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China's Apparent Oil Demand up 5.3% in 2017

Apr 8, 2017

China's apparent oil demand rose 5.3% year on year in the first two months of 2017 to 11.65 million b/d on the back of robust economic growth, holiday transportation demand and efforts to build stocks ahead of the refinery maintenance ...

Tags: oil demand, Oil products

China's Apparent Oil Demand Posts Fastest Growth

Feb 2, 2016

China's apparent oil demand in 2015 grew 5.8% year on year to 11.11 million b/d, the fastest pace since 2011, despite the country's economy growing at the slowest rate since 1990, Platts calculations based on recently released official data ...

Tags: oil demand, fuel oil

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

Crude Futures Settle at 2008/09 Lows on Rising Dollar, Oversupply

Dec 18, 2015

Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...

Tags: Crude, ULSD, crude stocks

Crude Futures Fall After Iea Warns Glut Will Persist Into 2016

Dec 15, 2015

Crude futures fell Friday after the International Energy Agency said global oil markets will remain oversupplied at least through 2016. NYMEX January crude settled $1.14 lower at $35.62/b. ICE January Brent settled down $1.80 at $37.93/b. ...

Tags: IEA, oil, crude

Sinopec, Petrochina Cut Domestic Oil Product Sales, Boost Exports

Nov 4, 2015

China's state-owned oil giants Sinopec and PetroChina reported a modest 1.73 million mt or 0.7% increase in their domestic oil products sales in the first nine months of 2015, but exports rose by 2.59 million mt or 12% in the same period, ...

Tags: Sinopec and PetroChina, oil products, exports

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

Driven in Large Part by The Rapid Expansion of Shale Oil and Gas Drilling and Production

Jul 17, 2015

Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals at the service company level reached $25 billion in 2014, up from nearly $16 ...

Tags: chemicals, coating, paint pigment, shale oil

China Turns Net Oil Product Exporter Over Jan-Nov

Dec 9, 2014

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

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's Crude Oil Imports in September Rose 7.4%

Oct 13, 2014

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

Chinese Apparent Oil Demand in August Increased 3.7%

Oct 13, 2014

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 Oil Demand Rose 2.7% in June Versus a Year Ago

Aug 1, 2014

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

US Posted a Second Consecutive Year of Record Oil Production Growth

Jun 23, 2014

The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...

Tags: oil production, oil supply

Natural Gas Is Losing Ground Globally to Its Rivals

Jun 13, 2014

Despite its many advantages, natural gas is losing ground globally to its rivals while buyers and sellers struggle to agree on what constitutes a fair price, the International Energy Agency said in a report published Tuesday. In its ...

Tags: Natural Gas, Coal

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