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.

2017-06-08 17:45:00

CHINA: THE TOP BUYER ANEW

CHINA: THE TOP BUYER ANEW

REUTERSChina's crude oil imports rebounded to the second highest on record in May, making China the world's top buyer for the month amid concerns over tightening crude supply to Asia and an extension of producer cuts to March next year.

China imported 37.2 million tonnes or 8.76 million barrels per day of crude oil last month, up 15 percent from a year earlier and nearly 8 percent from April, data from the General Administration of Customs showed.

Imports compared with average shipments to the United States in May of 8.12 million bpd, according to Reuters calculations based on EIA weekly data.

The robust May shipments reflected steady demand from private refiners, Li Yan, a crude oil analyst with Zibo Longzhong Information Group said.

"China's May crude imports were mainly driven by purchases from some Shandong-based independent refineries that had sent China's crude imports to record high in March. In the first five months, we are seeing a steady pace of buying from these 'teapot' refineries which reported good profit margins," Li said.

For the year to end-May, crude imports rose more than 13 percent from a year earlier to 176.3 million tonnes or 8.52 million bpd, the customs data showed.

However, private refiners are expected to tighten their intake for at least the next two months, analysts and traders said, ambushed by a rising local fuel glut.

Imports by the world's second-biggest oil consumer had slipped from a peak of 9.2 million bpd in March to 8.4 million bpd in April.

China's exports of refined products rose 6 percent in May to 4.03 million tonnes as state refiners sold more abraod in a bid to counter a domestic oversupply.

-----

Earlier: 

U.S. - CHINA TRADE DEFICIT: +13.8% 

CHINA'S OIL & GAS REFORM 

CHINA'S GLOBAL ENERGY 

U.S. LNG TO CHINA 

CHINA: THE TOP BUYER 

CHINA'S OIL DEMAND UP 5.3% 

CHINA: THE LARGEST IMPORTER

 

 

 

Tags: CHINA, OIL, GAS

Chronicle:

CHINA: THE TOP BUYER ANEW
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

CHINA: THE TOP BUYER ANEW
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

CHINA: THE TOP BUYER ANEW
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

CHINA: THE TOP BUYER ANEW
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »