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Chinese refiners face sharp falloff in refined oil output in Feb

Beijing (JLC), February 25, 2020--Chinese refiners may record a 10 million mt falloff in their gasoline and diesel output for February from month-ago level due to the coronavirus outbreak, JLC estimates.

02-25-2020 15:58:33

China's crude imports up, net refined oil exports halve in August

Beijing (JLC), September 11, 2019--China’s crude imports increased to 42.17 million mt or 9.77 million bbl/day in August, hitting a new high since April, data from the General Administration of Customs (GAC) shows.

09-11-2019 17:44:37

China refined oil export to set a new high in 2019

In 2019, China's gasoline and diesel will remain in a net export state. Under the background of excessive supply, the export volume of refined oil will reach a new high, JLC data shows.

01-31-2019 10:02:31

Chinese government enhances regulation on crude, refined oil market

Chinese government enhances regulation on crude, refined oil market.

01-31-2019 09:25:35

Large refining projects to stir refined oil market in Guangdong

Many refining and chemical integrated projects are going to launch next few years in southern China, Guangdong province, leading a more competitive refined oil market.

01-29-2019 15:46:20

China refined oil supply structure to be changed by large-scale refining projects

As the newly-built refining capacity in China would be 150 million mt/yr (3,000 kbd) by 2020, the domestic refined oil supply is sufficient, and considering the slowing growth of gasoline and diesel consumption, more exports would be encouraged by the government, JLC data shows.

01-24-2019 17:53:48

GB VI refined oil to supply in Anhui

The GB VI vehicle ethanol gasoline, vehicle diesel would be supplied in Anhui, and the refined oil under GB VI would be stopped selling since January 1, 2019, the Hefei government said

12-18-2018 11:31:18

China's export quotas for refined oil rise 7% in 2018

China has issued this year's third batch of quotas for processing-trade refined oil exports, with quotas for 70,000 mt of jet fuel, all obtained by China Petrochemical Corporation (Sinopec), market sources said.

11-22-2018 08:58:05

China refined oil import rise in Oct to push up supply

China refined products imports ended at 27.14 million mt (652 kbd) from January to October, rising 11.4%, with average price of CNY3,924.4/mt ($58/bbl), rising 20.6% year on year.

11-13-2018 17:08:11

China urges to export refined oil; gasoline exports soar 43% YoY

China export more refined oil in 2018, and by July the total gasoline export even hiked 43% against the previous year, given the oversupply and weak demand in domestic market.

08-27-2018 16:46:13

Sinopec Maoming’s refined oil output touches new high in April

Maoming Petrochemical’s refined oil (gasoline, diesel and jet kerosene) output in January-April reached 3.844 million mt, increasing 241,200 mt YoY, among which April saw a output of 983,500 mt, rising 200,900 mt YoY, both setting new highs.

05-30-2018 17:08:09

China’s refined oil net exports likely to rise 23% YoY in H2

In the second half of the year, China’s net exports of refined oil products may rise 23% YoY to 27 million mt, some source told JLC.

05-30-2018 16:14:06

Chinese refined oil consumption grows slowly in H2 2018

05-30-2018 15:38:21

The coming price decrease clouds China refined oil market

11-15-2016 15:44:30

Profit of gas station shrunk visibly amid roaring refined oil market

International crude futures moved upwards with fluctuations owing to the uncertain attitude upon freezing production among oil producers. Pressed by increased crude production of OPEC and stronger dollars, crude futures moved downward consecutively at the end of August.

09-08-2016 14:12:15

Refined oil market may run with stabilized price and poor sales volume

In international crude oil market, bad news continued to bear the market.

09-05-2016 18:49:35

Production and sales volume of refined oil in Shaanxi improved slightly in July

According to Shaanxi Development and Reform Commission recently, the total production of refined oil improved slightly in July. Due to the depressed downtrend in refined oil market, the main refineries cut down the prices in order to transact successfully, so the sales volume increased.

08-25-2016 15:42:12

The refined oil market in South China kept bullish amid good news

Throughout August, the retail prices of refined oil achieved the third decline this year in the early month.

08-24-2016 17:02:38

The price index of refined oil went upwards consecutively

　According to Xinhua (Daqing) International Petroleum Information Center, up to August 19th, the price index of domestic oil products was 579.24, raised by 2.61%, and the price index may continue to go upwards.

08-24-2016 16:34:50

The retail price of the refined oil achieved its fifth increase in this year

Recently, the spread of OPEC comments on freezing production and the production decline in China had supported the oil market to rebound. What’s more, the Russian New Energy Minister Novak showed an open attitude upon cooperation with OPEC, which inspired the market sentiment.

08-23-2016 09:46:31

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