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Chinese oil companies to cut LSFO output amid short quotas in Q4

Guangzhou (JLC), September 24, 2024--Chinese oil companies, mainly state-owned enterprises, will cut their production of low-sulfur fuel oil in the last quarter (Q4) of 2024 because of short quotas.

09-24-2024 18:10:11

Tarim Oilfield sees shortest drilling time for 8,000-meter well in China

Guangzhou (JLC), May 29, 2024--PetroChina Tarim Oilfield completed the drilling of the Fuyuan 304-H2 well in the 8,322-meter underground layer in 89 days, setting a record for the shortest drilling ti

05-30-2024 17:08:31

State-owned refinery run rates drop on weaker demand and short quota

Beijing (JLC), November 3, 2023--Chinese state-owned oil refineries' run rates slipped again in the week to November 1 (Wednesday), due to sluggish fuel demand and tight export quota, JLC data shows.

11-03-2023 10:45:20

Chinese refiners to cut oil product exports on short quota in Nov-Dec

Guangzhou (JLC), October 25, 2023--Chinese refiners are likely to reduce their exports of oil products (gasoline, diesel and jet fuel) in the last two months of 2023, as they have run short of quota.

10-25-2023 13:52:44

China INE crude price rises after China’s short-term lending rate cut

Guangzhou (JLC), June 14, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Wednesday, after China lowered its short-term lending rates.

06-14-2023 19:00:46

Domestic LSFO output descends on short quotas in August

Guangzhou (JLC), September 13, 2022--Domestic low-sulfur fuel oil (LSFO, with the maximum sulfur content at 0.5%) output dropped in August amid short export quotas and lower refining margins.

09-13-2022 19:05:47

PetroChina runs short of LSFO quota

Guangzhou (JLC), August 16, 2022--PetroChina has run short of quota on the export of low-sulfur fuel oil, because of fast production growth in 2022.

08-16-2022 18:01:56

Bonded bunker fuel imports rise on stock shortage

Guangzhou (JLC), June 28, 2022--China’s bonded bunker fuel imports saw a bounce in May as some Chinese bonded bunker suppliers were running out of their inventories.

06-28-2022 18:52:25

October diluted bitumen imports in Shandong double on short crude quotas

Guangzhou (JLC), November 5, 2021--The arrivals of imported diluted bitumen at Shandong ports and Tianjin port for independent refiners and traders doubled month on month in October, as some refiners were short of crude quotas before the release of the fourth batch of quotas.

11-05-2021 11:12:28

Chinese oil giants running short of oil product exports quotas

Guangzhou (JLC), October 14, 2021--Chinese oil giants are running short of quotas on oil product exports, rarely seen in the past few years, as the government has tightened quotas amid stepped up efforts to restructure the industry and cut emission.

10-14-2021 17:57:36

Diluted bitumen imports rally in Shandong on short crude quotas

Guangzhou (JLC), August 27, 2021-Imported diluted bitumen arriving at Shandong ports are set to recover in August, which can be ascribed to short quotas on crude imports.

08-27-2021 14:51:47

China MTBE prices may extend drops in short term

Beijing (JLC), August 11, 2021--China’s MTBE prices may decline in the short term after China skipped the adjustment to the retail prices ceilings of gasoline and diesel on August 10 tracking fluctuations in international crude prices.

08-11-2021 16:13:43

China independents’ feedstock becomes uncertain amid short crude quotas

Guangzhou (JLC), August 3, 2021--Conventional independent refiners in China are getting short on crude quotas as China tightens the quotas, and some of them are starting to wonder: what feedstock shall we process in the future?

08-03-2021 16:17:31

Chinese oil companies running short on oil product export quotas

Guangzhou (JLC), June 15, 2021--State-owned Chinese oil giants are running short on oil export quotas before China releases this year’s second batch of quotas.

06-15-2021 16:34:53

China ethanol gasoline in short supply in 2020

Beijing (JLC), January 15, 2021--China’s ethanol gasoline market was in the state of tight supply in 2020, JLC data showed.

01-15-2021 17:48:54

Shandong diluted bitumen imports boom on crude quota shortages

Beijing (JLC), December 10, 2020--Shandong independent refiners’ imports of cutback bitumen soared in November, as the shortage of crude import quotas.

12-10-2020 17:15:37

Diluted bitumen imports soar in Sept on short quotas for crude

Shandong-based independent refiners and traders were scheduled to receive more diluted bitumen imports in September as some local refiners with insufficient crude import quotas have switched to the cargoes as an alternative feedstock.

09-25-2020 14:54:19

Crude import quota shortage boosts diluted bitumen imports to China

Beijing (JLC), August 28, 2020--China’s independent refiners started increasing diluted bitumen imports as a part of alternative feedstock for crude due to the shortage of crude import quota.

08-28-2020 17:51:45

Outbreak's impact on asphalt demand to be short lived

Beijing (JLC), February 14, 2020--Asphalt demand is currently weak in China as the coronavirus outbreak has delayed the restart of road construction activities and blocked the transportation, whereas the impact will be a blip, some anaylsts said.

02-14-2020 10:42:28

C4R2 cargo inflow to rise in Shandong amid local shortfall

The supply of C4 raffinate-2 (C4R2), a deep processing feedstock, has been tight in Shandong, a hub for refineries and deep processing units in China.

09-23-2019 10:46:56

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