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China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

Chinese oil refiners cut October gasoline output to year’s lowest

Guangzhou (JLC), November 18, 2024--Chinese oil refiners cut their October gasoline production to the year's lowest, according to data from the National Bureau of Statistics (NBS).

11-18-2024 16:46:28

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

Chinese oil companies to cut clean refined product exports in November

Guangzhou (JLC), November 1, 2024--Chinese oil companies plan to cut their exports of clean oil products (gasoline, diesel and jet fuel) in November, due to multiple factors.

11-01-2024 15:54:57

China cuts diesel exports to most markets in Jan-Sept

Guangzhou (JLC), October 21, 2024--Chinese oil companies reduced their diesel exports to most markets in the first nine months of 2024 when export margins were bad and China rationed its exports

10-21-2024 17:51:40

Chinese airlines cut fuel surcharges to lowest since re-imposition

Guangzhou (JLC), October 12, 2024--Chinese airlines have cut their jet fuel surcharges on domestic flights to the lowest level since the country re-imposed the levy on February 5, 2024, following drop

10-12-2024 15:58:40

Chinese SOEs to cut October crude runs on more maintenance

Guangzhou (JLC), October 8, 2024--Chinese state-owned enterprises (SOEs) plan to cut their crude throughput in October, because of more refinery maintenance when supply is abundant.

10-08-2024 18:36:44

China to see year’s largest cut in fuel ceilings on Sept 21

Guangzhou (JLC), September 20, 2024--China will cut its retail ceilings of gasoline and diesel again on September 21, 2024 (Saturday), as crude prices have extended drops over the past 10 working day

09-20-2024 14:29:48

China to cut fuel ceilings on September 6

Guangzhou (JLC), September 5, 2024--China will cut its retail ceilings of gasoline and diesel on September 6.

09-05-2024 18:38:35

China to see year’s largest cut in fuel ceilings on August 9

Guangzhou (JLC), August 8, 2024--China will cut its retail ceilings of gasoline and diesel on August 8, 2024, as international crude prices have dropped further over the past 10 working days.

08-08-2024 18:56:46

China to cut clean oil product exports in August

Guangzhou (JLC), August 2, 2024---Chinese oil companies planned to reduce their exports of clean oil products (gasoline, diesel and jet fuel) in August.

08-02-2024 18:14:18

China’s fuel prices slide for three consecutive weeks

Guangzhou (JLC), July 26, 2024--China’s gasoline and diesel prices have slid for three straight weeks, tracking drops in international crude prices, also due to slack diesel demand.

07-26-2024 16:45:40

China to cut fuel ceilings on July 26

Guangzhou (JLC), July 25, 2024--China will cut its retail ceilings of gasoline and diesel on July 26, 2024 (Friday), as international crude prices have retreated over the past 10 working days.

07-25-2024 11:54:54

China cuts diesel exports to most markets in H1 2024

Guangzhou (JLC), July 23, 2024--China cut its diesel exports to most countries and regions in the first half of 2024 (H1 2024) and exported the fuel to fewer markets than a year before.

07-23-2024 16:23:23

SOEs cut diesel production while boosting gasoline output in H1

Guangzhou (JLC), July 18, 2024 – State-run refiners lowered diesel production in the first half of the year but ramped up gasoline output at the same time

07-18-2024 19:05:39

Chinese oil refiners to cut gasoline and diesel exports in July

Guangzhou (JLC), June 26, 2024--Chinese oil companies plan to reduce their gasoline and diesel exports in July 2024, mainly because of growing domestic demand for gasoline and declining diesel output.

06-26-2024 16:39:41

China to cut fuel ceilings on June 14

Guangzhou (JLC), June 13, 2024--China will reduce its retail ceilings of gasoline and diesel on June 14, 2024 (Friday), following a relatively large fall in international crude prices over the past 10

06-13-2024 14:52:22

Chinese airlines to cut fuel surcharges on June 5

Guangzhou (JLC), June 4, 2024--Chinese airlines will cut their jet fuel surcharges on domestic flights for the second time this year on June 5, following drops in jet fuel prices.

06-04-2024 14:49:21

Chinese refiners to cut oil product exports in June

Guangzhou (JLC), May 28, 2024--Chinese refiners are likely to cut their exports of oil products (gasoline, diesel and jet fuel) in June, due to bad export margins for gasoline and diesel.

05-28-2024 19:02:17

Several Sinopec refineries cut diesel yield for better profit

Guangzhou (JLC), May 28, 2024--Several Sinopec refineries cut the yield of diesel while lifting that of other products to amplify their profit margins, Sinopec said on its news website.

05-28-2024 16:59:56

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