Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-06-03 19:15:00

CHINA'S DIESEL EXPORTS UP

CHINA'S DIESEL EXPORTS UP

 

CHINA DIESEL EXPORT 2011 - 2016

 

CHINA OIL IMPORT 2011 - 2016

 

 

Chinese exports of diesel began to increase rapidly in 2015, driven by a structural shift in China's economy—which is reducing diesel demand—and by reforms in China's refining sector, which are contributing to increased refinery utilization and diesel production. These two factors have pushed Chinese net diesel exports higher, to more than 300,000 barrels per day in April.

Current low prices in global diesel markets can be attributed to slow demand growth, high inventories as a result of reduced winter heating demand in the United States and Europe, and from new or expanded refinery capacity in the Middle East designed to maximize diesel production. Particularly relevant to the Asia-Pacific market is the emergence of China as a growing net exporter of diesel. China was a key driver of diesel demand growth over the past several decades but is now a net diesel exporter, contributing to the growing oversupply in global diesel markets.

China's economy is gradually shifting from heavy manufacturing to commercial services and personal domestic consumption. As part of this transition, demand for gasoline and jet fuel has grown more than the demand for diesel. Chinese refineries—which tend to have high diesel yields—increased refinery runs to meet demand for gasoline. Slower demand growth for diesel combined with increased coproduction of diesel has resulted in high inventories and increased supply in China.

China is currently reforming its refining sector by liberalizing import and export restrictions on crude oil and petroleum products. This reform allows increased competition in the domestic transportation fuels market.

Most of China's refining capacity is run by two large state-owned enterprises (SOEs), PetroChina and Sinopec, which together account for 72% of China's total refining capacity. The remaining refining capacity is controlled by independent regional companies that often run small, less-complex refineries, commonly known as teapots or teakettles.

To improve the efficiency of these independent refineries and to increase competition in its domestic fuels markets, China began granting crude oil import licenses to some of the independent regional companies in July 2015. Previously, independent refiners mainly imported and processed heavy fuel oil, a lower-quality feedstock compared to crude oil, and had limited access to some domestically produced crudes. Many of China's independent refineries are located in northeastern Shandong province and receive crude oil imports from the port city of Qingdao. Qingdao's crude oil imports as a share of total Chinese crude oil imports reached 31% in April, the highest share since data became available in 2011.

Refining crude oil instead of fuel oil allows the independent refineries to improve efficiency and to produce a slate of higher-value products, such as gasoline and jet fuel. Higher output of these products is increasing competition with the SOE refineries and decreasing SOE market share in regions with independent refineries. The supplies of diesel produced at SOE refineries, which would normally have been delivered to serve those regions, must now find alternative markets through exports. To alleviate the over-supply situation, China began to increase the export quota for all petroleum products in 2015, with the most recent quota announcements for 2016 at double the amount allowed during the same period last year.

eia.gov

-----

Earlier: 

СОТРУДНИЧЕСТВО РОССИИ И КИТАЯ 

CHINA WANT PRICE 

RUSSIA: THE TOP 

CHINA BUYS U.S.: $1 BLN 

CHINA - MOZAMBIQUE COOPERATION 

АСЕАН: РАСТУЩИЙ РЫНОК 

RUSSIA & CHINA OIL RECORD

 

 

 

Tags: CHINA, OIL, DESEL, EXPORT, IMPORT

Chronicle:

CHINA'S DIESEL EXPORTS UP
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

CHINA'S DIESEL EXPORTS UP
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

CHINA'S DIESEL EXPORTS UP
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

CHINA'S DIESEL EXPORTS UP
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

All Publications »