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Pakistan's LNG Demand Expected to Reach 30 Mil Mt/Year by 2022: PLL

Feb 21, 2017

Pakistan plans to ambitiously grow its LNG imports over the next few years, Adnan Gilani, the chief operating office of Pakistan LNG Ltd. (PLL), re-affirmed at the LNG Supplies for Asian Market (LNGA) conference in Singapore this week. ...

Tags: LNG, LNG imports

China Sets Oil, Gas Supply Targets by 2020

Jan 20, 2017

China aims to increase domestic crude oil output to 200 million tonnes by 2020, while supply capacity for natural gas should exceed 360 billion cubic meters, according to plans published Thursday. China will add 1 billion tonnes of proven ...

Tags: Oil, Gas

Refuse to "Back Door" Chinese Electronics to Do "Chinese Core"!

Dec 12, 2016

(CCTV financial "dialogue") you know that every year China's imports of goods which is the most expensive? Food? Crude oil? Machinery? None of them! Every year, China spends far more money on a product that is small in size than the bulk ...

Tags: dialogue, Chinese electronics, Chinese core

China's Non-State Crude Import Quota Unchanged

Dec 4, 2016

China's Ministry of Commerce announced on Thursday that the quota for non-state crude oil imports will stay unchanged at 87.6 million tonnes for 2017. The volume is equivalent to around 26 percent of China's crude imports last year. ...

Tags: Crude, Crude Oil

China's Crude Oil Output Sees Sharp Drop

Sep 20, 2016

China's crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices, data from the National Bureau of Statistics showed Monday. Imports, on ...

Tags: crude oil, oil prices

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

Crude Oil Imports Continue on High Run Rates

Jan 16, 2016

With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...

Tags: oil product, bitumen

South Korea Data: Nov Crude Imports Record First Decline in Over a Year

Dec 2, 2015

South Korea's crude oil imports fell 3.7% on year in November, marking the first decline in more than a year. The country imported 79.9 million barrels of crude oil in November, down from 83 million barrels a year earlier, preliminary ...

Tags: Crude Imports, oil products

Shandong Teapot Refiners to Ramp up Crude Imports

Nov 23, 2015

Some independent teapot refiners in China's eastern Shandong province will be ramping up crude oil imports over the next month in a bid to utilize their import quotas before the end of the year, trade sources said this week. This is ...

Tags: Teapot Refiners, crude oil

China's Crude Stocks Continued to Grow in October

Nov 14, 2015

China's crude stocks continued to grow for the fifth straight month in October, despite a month-on-month drop in net imports, output and slight rise in throughput, Platts calculations based on recently released official data showed. Crude ...

Tags: crude stock, crude oil

China's Oct Crude Oil Imports Rise 9.4% on Year

Nov 10, 2015

China's crude oil imports rose 9.4% on year to 26.35 million mt in October, or 6.23 million b/d, preliminary data released by the General Administration of Customs Sunday showed. The October imports were 8.8% lower from September's 6.829 ...

Tags: Crude Oil, crude exports

China Bitumen Blend Demand Continues to Ease

Nov 7, 2015

Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...

Tags: crude, petroleum bitumen, fuel 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's Largest Oil Refiner Is Seeking to Cut Its Crude-Purchase Costs

Mar 11, 2015

China's largest oil refiner is seeking to cut its crude-purchase costs as the world's biggest energy consumer looks to benefit from the collapse in benchmark prices. China Petroleum & Chemical Corp, known as Sinopec, has set its trading ...

Tags: Sinopec, oil refiner, Crude Oil

Taiwan's Exports Fell in February Due to Fewer Working Days

Mar 10, 2015

Taiwan's exports fell in February from a year ago due to fewer working days during the Chinese Lunar New Year holiday and lower global oil prices, customs data showed on Monday. Exports fell 6.7 percent year on year to 19.9 billion ...

Tags: Taiwan's exports, crude oil imports

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