SINGAPORE/BEIJING China has issued a new and final batch of refined fuel export quotas for 2020 totalling 3 million tonnes, including its first sizeable quota to a giant private refiner, two industry officials with knowledge of the matter said on Monday.
SINGAPORE Saudi Arabia and Russia are in a tight race to become China's top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year.
SINGAPORE The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract, according to two sources with direct knowledge of the matter.
SINGAPORE/BEIJING China's commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports.
SINGAPORE/BEIJING, Nov 18 China's commercial oil
stockpiling sector, which emerged as a key swing buyer of crude
as prices plunged earlier this year, is setting plans to grow
again in 2021, supporting a further boost in imports.
SINGAPORE East China-based private refiner Shandong Hongrun Group plans to further expand its mega crude oil tank farm by another 20% next year to meet growing demand from external parties, a company official told Reuters on Monday.
* Largely balanced on higher domestic output, record LNG
(Adds comment on risk of central Asia supply cut, growing
BEIJING/SINGAPORE Top Asian oil refiner Sinopec Corp swung to a record quarterly profit in July-September, thanks to a jump in refining margins and earnings from the spin-off of pipeline assets, the company said.
SINGAPORE China's domestic aviation fuel consumption rebounded to near pre-COVID levels in September, thanks to a fast recovery in passenger travel and cargo freight, although demand from international flights remained weak, industry sources said.