Japan ENEOS shut its sole crude distillation unit at the 120,000 b/d Marifu refinery in western Japan on June 22 after a fire, a company official said. The fire broke out around 8:55 pm local time June 20 from a 27,000 b/d continuous catalytic reformer, and the CCR and some desulfurization units were shut right after the fire. “We are shutting down all units [for safety reasons],” the company official said, adding that it was not immediately clear when the company would be able to restart those units. Japan’s ENEOS restarted the sole 141,000 b/d crude distillation unit at its Sakai refinery in western Japan on June 24 after completing scheduled maintenance, a spokesperson said June 28.
China s independent refineries likely to cut H2 crude imports by 27% | Hellenic Shipping News Worldwide
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China data: Improving demand, product supply shortage to buoy throughput in Q2
China’s crude throughput in the second quarter is likely to be buoyed by improving domestic demand and a shortage of oil product supplies due to the introduction of consumption taxes on light cycle oil and mixed aromatics, analysts said on May 17.
In the first month of Q2, the country’s throughput edged up 0.1% at 14.15 million b/d in April from March even as heavy maintenance works led to the volume falling below the average 14.19 million b/d in the first quarter, showed data released May 17 by the National Bureau of Statistics, or NBS.
China’s export quota vacuum creates stumbling block for LSFO demand
Chinese oil companies’ lack of export quotas is likely to cap their supplies of domestically-produced low sulfur fuel oil, or LSFO, which will become less competitive than imported fuel oil barrels in China’s bonded bunkering market.
As a result, the quota hurdle would force China to step up imports of LSFO in the second quarter instead, to meet demand from ships sailing into international waters from Chinese shores, trade sources told S&P Global Platts.
“Especially Sinopec and PetroChina, which are running out of export quotas, will import more until a new round of quota allocation,” a Beijing-based source with a state-owned oil company said.
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As a result, the quota hurdle would force China to step up imports of LSFO in the second quarter instead, to meet demand from ships sailing into international waters from Chinese shores, trade sources told S&P Global Platts. Especially Sinopec and PetroChina, which are running out of export quotas, will import more until a new round of quota allocation, a Beijing-based source with a state-owned oil company said.
The sources said China s fuel oil imports, almost all of which are LSFO, are likely to exceed 3 million mt in Q2, compared with 2.69 million mt that the official data showed for the first quarter.
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