IN a significant shift in global oil dynamics, Russiaovertook Saudi Arabia as the leading supplierof crude oil to China in 2023. According to thelatest data, China, the world's largest crude oilimporter, has been increasingly turning to Russianoil, bypassing Western sanctions in the processand ...
Chinese independent refineries are likely to keep importing large volumes of fuel oil as feedstock for the rest of the year to compensate for tight crude quota availability, refinery and trade sources told S&P Global Commodity Insights July 25. These independent refineries, mostly based in Shandong,...
BEIJING, Feb. 27 (Xinhua) -- China's import logistics registered steady expansion in 2023, data from the China Federation of Logistics and Purchasing showed. The country's total value of import logistics stood at 18 trillion yuan (about 2.53 trillion U.S. dollars) last year, up 13 percent...
BEIJING, Feb. 27 (Xinhua) -- China's import logistics registered steady expansion in 2023, data from the China Federation of Logistics and Purchasing showed. The country's total value of import logistics stood at 18 trillion yuan (about 2.53 trillion U.S. dollars) last year, up 13 percent...
It is possible that net oil imports could surpass 50 MT and 45 MT of which should be crude imports in 2000. When China enters the World Trade Organization, government protection measures will eventually be removed. It is expected that China's oil imports will increase for another few years....
What are the 2023 adjustments to China’s import and export licensing management? Starting on January 1, 2023, four adjusted catalogues regarding import and export have taken effect, issued jointly by the MOFCOM and GAC in China. We explain briefly below. ...
In recent years, China's degree of dependence on foreign oil has been getting higher and higher. The fluctuation of international crude oil price has an enormous influence on China's import of crude oil, which continually shocks the economic development of China. In this paper, the Markov Prop...
BEIJING, May 23 (Xinhua) -- China's Ministry of Commerce on Wednesday published the names of 11 private refineries with a plan to allow them to directly import crude oil. The ministry said it has examined the firms' applications and found them in accordance with requirements. ...
Over the course of theUS-China trade war, China has imposed retaliatory tariffs on US$185 billion worth of US goods, including beef, lamb, pork, vegetables, juice, cooking oil, tea, coffee, refrigerators, and furniture, among many other items. ...
The 18th China (Guangzhou) Grain & Oil Industry Expo (IGO China) will be held at China Import & Export Fair Complex • Guangzhou, on 12-14 June 2025.