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China refiners cut oil output as thin margins, quota shortage bite

SINGAPORE : China's oil refinery utilisation rates are easing from record third-quarter levels as thinning margins and a shortage of export quotas discourage plants from raising output for the rest of 2023, according to traders and industry consultancies.The drop in refining output could reduce crude dema
Sun Jianan Mia Geng Consultancy Energy Aspects Energy Aspects Zhejiang Petrochemical Hengli Petrochemical

Oil Refinery: China refiners cut oil output as thin margins, quota shortage bite, ET Auto

Oil Refinery: Prices for December-arrival Russian ESPO crude retreated to par with, or a few cents a barrel below, ICE Brent on a delivered-ex-ship (DES) basis in China, three market sources said, down from a premium of about USD 1 a barrel last month - the first month-on-month price decline since February.
Mia Geng Sun Jianan Consultancy Energy Aspects Energy Aspects Zhejiang Petrochemical Hengli Petrochemical

Sinopec signs second long-term Qatar gas deal

Qatar has agreed to supply Sinopec with natural gas for 27 years, the Gulf emirate’s state-owned energy company said Saturday, its second such deal with the Chinese firm as China seeks to enhance its energy security, reports the South China Morning Post. Doha will supply 3 million tonnes of gas a year under the deal,…
Ad Daw Ah South China Morning Post China Morning North Field

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