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United States

Chen Aizhu

China issues final batch of refined fuel export quotas for 2020: sources

Nov 22 2020

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.

Saudi Arabia and Russia in tight race to become China's top oil supplier in 2020

Nov 20 2020

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.

China's INE considers Singapore for marine fuel futures delivery: sources

Nov 18 2020

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.

China's oil buying binge to run on in 2021 as tank operators, refiners stock up

Nov 18 2020

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.

China's oil buying binge supported as tank operators, refiners boost storage

Nov 17 2020

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.

China private refiner Hongrun to expand mega crude oil tank farm

Nov 09 2020

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.

UPDATE 2-China's winter gas demand to rise 10% on economic recovery - state oil firms

Oct 29 2020

* Largely balanced on higher domestic output, record LNG imports (Adds comment on risk of central Asia supply cut, growing Russian supply)

China's Sinopec posts record quarterly profit as refining margins jump

Oct 28 2020

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.

China's domestic jet fuel demand back to near pre-COVID levels

Oct 28 2020

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.

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