Dalian Wepec News Today

China’s crude throughput is set to rise month on month in June as refineries resume operations from maintenance amid expectations of demand recovery from pandemic-led movement curbs, data from S&P Global Commodity Insights showed June 28. However, the increase is expected to be capped by high product inventory as demand recovery is slower than expected, ...

China’s crude throughput is set to fall further in May, extending the downtrend seen in April when it fell to the lowest in two years, as prolonged pandemic-related movement restrictions prompt state refiners to slash output further, data from S&P Global Commodity Insights showed May 27. Asia’s biggest oil consumer is witnessing overall subdued crude ...

China’s October gasoil exports are likely to plunge 47% month on month to a more than six-year low of 310,000 mt because of soaring domestic prices and tight export quota availability, sources with knowledge of the matter told S&P Global Platts Oct. 8. The country’s gasoil exports were last lower at 300,000 mt in March ...

The average utilization rate of China’s four state-owned refiners fell from 84% in August to 82% in September, while independent refiners also cut run rates by two percentage points. As a result, the country’s crude throughput is likely to fall further from the 15-month low of 58.35 million mt in August, data from the National ...

China exported a total 29.09 million mt of gasoline, gasoil and jet fuel in January-July, leaving just 7.54 million mt of export quota available for the rest of the year and implying that monthly outflows from China will have to be slashed by about two-thirds over August-December compared with levels recorded so far this year. ...

CHINA DATA: Dec crude oil throughput falls as refiners cut monthly run rate to 78% China’s crude throughput fell slightly in December, with both state-run and independent refiners posting lower run rates due to some maintenance works toward the year-end, latest industry data and information collected by S&P Global Platts showed. State-run PetroChina’s average run rate fell this month due to maintenance at its subsidiary refineries, while another state-owned Sinopec’s run rates at its refi...