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Chinese oil companies revise up plans for November refined oil exports

Guangzhou (JLC), November 25, 2024--Chinese oil companies have revised up their plans for November exports of clean oil products (gasoline, diesel and jet fuel), before China cuts its VAT rebate.

11-25-2024 17:20:37

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China's wholesale-retail price spread of refined oil plunges

Beijing (JLC), September 25, 2020--China’s price spread between wholesale prices and retail prices for gasoline and diesel collapsed, as a result of slumps in international crude prices since September 4.

09-25-2020 18:12:57

China's refined oil keeps sluggish despite peak season

Beijing (JLC), September 16, 2020--China’s refined oil prices continue dropping in September, though it is in the traditional peak season.

09-16-2020 18:36:28

China’s refined oil exports to diverge in August

China is expected to export 1.37 million mt of gasoline in August, up 29.43% year on year, while diesel exports are estimated at 1.1 million mt, a year-on-year drop of 16.60%, JLC’s data shows.

07-28-2020 17:10:51

China’s May refined oil exports dive as overseas demand slumps

China recorded a whopping drop in its oil product exports in May, as overseas demand was still far below the pre-pandemic level, though some countries were easing restrictions against Covid-19 and reopening their economies.

06-08-2020 15:38:01

Opening up refined oil export becomes topic at “two sessions”

During the “two sessions” held in Beijing in late May, proposal to lift restrictions on refined oil export has sparked heated debate once again. It is expected that refined oil export will be opened up to private enterprises.

05-28-2020 14:43:49

Reform of excise on refined oil proposed again at “two sessions”

Some deputies to the People's Congress proposed a reform of the consumption tax on refined oil at the “two sessions” held in Beijing last week, according to industry sources.

05-25-2020 14:54:42

Guangdong refined oil supply to grow on Sinopec's new refinery

Sinopec's new Zhanjiang refinery with a refining capacity of 10 million mt/yr is about to come on stream at the end of June. The competition in Guangdong’s refined oil markets will intensify on soaring supply amid slowing growth of demand.

05-21-2020 18:12:17

China cuts quotas for processing-trade refined oil exports

China has reduced the second batch of 2020 quotas for processing-trade refined oil exports, as demand from overseas plunges amid ravaging Covid-19 worldwide, according to industry sources.

05-06-2020 18:08:20

Independents' refined oil inventory drops on sales rise

Beijing (JLC), April 29, 2020--Shandong-based independent refineries’ daily sales of refined oil rose sharply on April 28 from April 21, especially the diesel sales, and the inventory declined slightly, JLC data shows.

04-29-2020 15:58:56

China's refined oil prices may continue downtrend on tepid demand

Beijing (JLC), April 28, 2020--China’s domestic and gasoline prices may continue a downward trend in the short run due to tepid demand, despite the approaching five-day May Day holiday, JLC analysts said.

04-28-2020 13:45:31

China's March refined oil output dives on coronavirus

China’s gasoline and diesel production plunged in March, as both state-owned and independent refiners faced heavy pressure from high product stocks when demand was hit by Covid-19 and transport was restricted amid efforts to contain the virus.

04-27-2020 10:36:50

Zhejiang Petrochemical likely to get refined oil export quota

Beijing (JLC), March 31, 2020--China independent Zhejiang Petrochemical is likely to become the first integrated refining-chemical enterprise to get the export quota for refined oil, according to the State Council.

03-31-2020 18:14:22

Sinopec ZRCC's Feb refined oil exports surge 69% amid coronavirus

Beijing (JLC), March 25, 2020--Sinopec Zhenhai Refining and Chemical (ZRCC)’s refined oil exports in February surged by 69% from year-ago level to 270,000 mt, according to latest industrial news.

03-25-2020 09:25:44

PetroChina Dagang starts refined oil exports on high stocks

Beijing (JLC), March 24, 2020--PetroChina Dagang Petrochemical shipped a batch of refined oil overseas for the first time on March 18, as it seeks outlets for its refined oil amid the coronavirus outbreak, according to PetroChina.

03-24-2020 17:19:34

China’s refined oil exports to dive on less demand in 2020

China’s refined oil exports are likely to plunge in 2020, because of tumbling demand from the international market amid the spread of the coronavirus worldwide and crashing international prices.

03-16-2020 19:02:45

Refined oil demand to grow in March, production to stay low

Domestic refined oil demand will recover slowly in March, as the impact of the coronavirus is receding, but Chinese refiners’ production will stay relatively low as supply still exceeds demand.

03-03-2020 21:01:14

February refined oil demand and supply to plunge because of virus

Guangzhou (JLC), February 11, 2020--Domestic refined oil demand and supply will tumble in February, as demand is hit by the country’s efforts to contain the spread of a new virus that has infected over 10,000 people and killed hundreds.

02-11-2020 11:07:37

China boosts quotas for 2020 refined oil exports sharply

Guangzhou (JLC), December 31, 2019--China has set the first batch of quotas for 2020 refined oil exports, permitting 28 million mt of exports, a surge of about 6.51 million mt or 30.3% from the same batch for 2019, according to a document from the country's Ministry of Commerce.

12-31-2019 13:52:57

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