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2015-05-26 18:40:00

CHINA OIL IMPORTS UP

CHINA OIL IMPORTS UP

China's April imports of crude oil from Middle East suppliers rose 10% year on year to a record high of 16.61 million mt or 4.06 million b/d, led by Saudi Arabian supply, according to detailed data released Saturday by the General Administration of Customs.

The country's monthly crude imports from the Middle East were last higher in April 2014 at 3.69 million b/d.

Crude imports from OPEC producers also hit a record high in April of 4.54 million b/d, up 8% year on year.

China's overall April crude imports rose 8.6% year on year to 7.4 million b/d, preliminary customs data showed earlier this month.

It was the first time for China to surpass the US as the world's biggest importer of crude oil.

Russia moved up to China's second-largest supplier in April, with deliveries up 26.4% year on year to 770,447 b/d.

Iran rose to third place with 710,341 b/d, but the volume was down 11.6% from April 2014, when the inflow was at a record high of 803,152 b/d.

oilandgaseurasia.com

Tags: CHINA, OIL
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Chronicle:

CHINA OIL IMPORTS UP
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

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OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

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2018, September, 21, 10:15:00

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ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

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