China has issued a bumper 179.01 million tons of crude oil import quotas to refi ners in its second batch of quotas for 2024 - its largestsingle allocation on record. After 3.68 million tons were allocated in mid-December, a total of 182.69 million tons (3.67 million barrelsper day) have ...
China has issued more non-state crude oil import quotas to refiners, for a total of 26.84 million tonnes (195.93 million barrels) in its third batch for 2020, three sources familiar with the matter told Reuters on Thursday. A total of 17 companies are receiving the quotas, they said. These...
(Reuters) - China is continuing to import more crude oil than it needs as weak refinery processing rates, soft domestic demand and constrained exports of refined fuels combine to boost the building of stockpiles. China, the world's biggest crude importer, added about 2 MMbpd to oil inven...
This year, total refinery capacity expansions in China are expected to reach just over 700,000 b/d, according to estimates by Nomura Research. In addition, the government is expected to award more crude oil import quotas to larger independent teapot refiners ...
China Issues Hefty Volume of Crude Import Quotas China has issued a bumper 179.01 million tons of crude oil import quotas to refi ners in its second batch of quotas for 2024 - its largestsingle allocation... IOD Group - 《International Oil Daily》 被引量: 0发表: 2024年 China to boost in...
China raises its crude oil self-sufficient rate. In 2021, China’s crude oil output increased further. But refineries had reductions in crude oil purchase volume due to growth in crude oil prices and crude oil import costs. Meanwhile, refineries’ crude oil import quotas were also influenced by...
China’s total crude oil imports last month tumbled almost 20% from a year ago as independent refiners faced tighter import quotas amid a government clamp-down on trade of the permits. Imports from Malaysia tripled from a year earlier to 1.18 million tonnes, and up from June’s 1.17 million...
The explosive growth today in China’s refining capacity has its roots in a major regulatory shift in 2015 when independent refiners (known as “teapots”) were first allowed to import crude oil. The rationale was that in return for import quotas, they would upgrade, modernize and instill wide...
China's crude imports have eased in the second half, most likely as a result of the higher global prices for oil, largely sparked by the decision in late June by OPEC+ leaders Saudi Arabia and Russia to jointly cut output by a further 1.3 million bpd. ...
The Prussian Energy Consulting Board covers crude oil imports from 38 quota refineries and other non-quota refineries. These refineries mainly import crude oil through the ports of Shandong Province, in addition to importing crude oil from Tianjin, Zhoushan and Dalian. As of early July, these refi...