Chinese oil demand in October was up a bit less than 1% from October 2012, which was still a positive number; in September, the year-on-year comparison was negative. You can read Platts’ monthly analysis here.
Posts Tagged ‘China’
By News Desk | October 23, 2013 01:35 PM Comments (0)
By News Desk | October 21, 2013 12:01 AM Comments (0)
By Yen Ling Song | August 30, 2013 02:55 PM Comments (0)
The loss of four senior management officials in the past week at China’s largest state oil company China National Petroleum Corp. is still shrouded in mystery, serving to fan even more speculation about their resignations.
By News Desk | August 22, 2013 08:33 AM Comments (0)
For the second consecutive month, Chinese year-on-year oil demand growth can be tagged with the label of “strong.” After months of the market talking about declines from what had seemed like an unstoppable growth engine, the Chinese economy has again posted a robust monthly growth rate compared to a year earlier. You can read our analysis here.
By News Desk | August 5, 2013 12:01 AM Comments (0)
By News Desk | July 23, 2013 01:04 PM Comments (0)
By News Desk | June 25, 2013 02:55 PM Comments (0)
By Jeffrey Bair | June 13, 2013 10:07 AM Comments (3)
The newspaper publisher with a plan, now in baby steps, to put a 400,000 b/d refinery in coastal British Columbia and ship its fuel products to China says the market for Canadian crude is demanding — screaming, even — for someone to get it out of the country to Asian markets.
Skeptics have been poking holes for weeks in David Black’s plan to put a refinery at the port in Kitimat, about 875 miles by car from Vancouver (map here), to process crude from the Alberta oil sands. It’s far from the crowds who line up for whale-watching off British Columbia. In fact, it’s nearly as far north as Smithers, the spot picked to film the Liam Neeson sub-Arctic thriller “The Grey.”
Black said he has no firm commitments for supply but added there is interest so far from China parties including the Industrial and Commercial Bank of China. He originally was lobbying oil sands producers last year to build their own refinery “with a copy of a feasibility study stuck in my back pocket.”
By Yen Ling Song | June 4, 2013 12:01 AM Comments (0)
The surge in gasoil exports from China this year has prompted speculation of China becoming a net gasoil exporter in the longer term.
In the first four months of this year, gasoil exports reached 1.39 million mt, compared with just 300,000 mt over the same period of 2012. China’s gasoil exports have risen significantly since late 2012 because of slowing domestic demand and higher domestic production from expanded refining capacity.
But the best predictor of future behavior is often past behavior. The current high level of gasoil exports is not unprecedented. In 2010, refiners had also exported unusually high volumes of gasoil, and that was also attributed then to refining capacity outpacing demand.