China's 2023 crude oil demand is expected to grow less than previously expected, as strong demand for electric vehicles weighs on gasoline demand, an expert at China National Petroleum Corp.'s (CNPC) research arm said on June 20. The state oil company's Economic & Technology Research ...
Crude oil futures finished a rangebound session slightly lower Dec. 15 as the market weighed weaker China crude demand. NYMEX January WTI settled down 15 cents at $71.43/b, and ICE February Brent fell 6 cents to $76.55/b. China's crude oil throughput fell 3.8% from October to a nine...
BloombergNEF expects oil demand in China to remain healthy in the second half of the year. "The recovery in fuel demand will boost run rates at Chinese refineries, maintaining China's appetite for crude oil," Tang said. According to the General Administration of Customs, China's crude imports...
The Petromatrix report is currently a must-read for anyone seeking to understand what is really happening in crude oil markets. Its latest issue analyses China’s demand. It suggests this is not as strong as the bullish investment banks on Wall Street mi
hold a position in crude oil said that China's crude oil demand has returned to the 13 million barrels per day level of the virus outbreak. The media have noticed that in recent days, Chinese refiners have begun to buy large quantities of spot crude oil, prompting a rebound in oil ...
Beijing has continuously emphasized the imperative to enhance its energy security. This urgency stems from escalating geopolitical tensions and the rapid growth in China’s oil demand. Consequently, additional crude oil storage facilities, encompassing both Strategic Petroleum Reserves (SPR) and commercial...
SHANGHAI,Nov. 15 (Xinhua) --Chinamightelevateitscrudeoildemandto540milliontonsin2015,asharplyincreasefromthe450milliontonsrecordedin2011,expertsattendingtheChinaInternationalOilandGasTradeConferenceforecastonThursday. Thecountryimported250milliontonsofcrudeoilin2011,constituting13.4percentofglobalcrudeoiltradevolumetha...
The scaling back of crude stockpiling means China’s role as a major driver of crude oil demand growth may be waning, and imports are likely to become more aligned with its refinery processing rates. China doesn’t disclose the volumes of crude flowing into or out of strategic and commercial...
BEIJING, Feb. 2 (Xinhua) -- China's demand for refined oil is likely to rise 3 percent year on year in 2018 and slow down gradually in the medium- and long-term, an industrial report predicted. The United States will rise to be a major crude oil supplier for China after the latter...
China’s economy recovered further in the first half of 2021, which supported the market demand growth of refined oil. The average operating rate of China’s CDUs hit a three-year high, and refineries’ crude runs increased by 12.34% on a year-on-year basis. But in the second half of...