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Top related persons:
Dominique Patton - 1 refiners - 1 Production - 1 Andrew Hayley - 1 Jacqueline Wong - 1
Top related locs:
Shandong county Shandong province China BEIJING
Top related orgs:
Shandong Haiyou Petrochemical Group - 1 REUTERS - 1 National Bureau of Statistics - 1 Zhuochuang - 1 Thomson - 1

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3 mentions found


☆ China's July oil refinery runs rise to meet domestic, export demand
  + stars: | 2023-08-15 | by ( Andrew Hayley | Thomson Reuters | Andrew Reports On Energy | ) www.reuters.com   time to read: +2 min
Total refinery throughput in the world's second-largest oil consumer was 63.13 million metric tons last month, data from the National Bureau of Statistics (NBS) showed. Production was up slightly from the 14.83 million bpd of oil processed in June. Domestic fuel demand has picked up with the arrival of the summer travel season, notably in gasoline and jet fuel. China's crude oil imports in July pared back from close-to-record levels during the previous month, totalling 43.7 million metric tons, or 10.3 million bpd, according to the customs data. The NBS data on Tuesday also showed China's domestic crude oil production in July was 17.31 million metric tons, or 4.1 million bpd, versus 17.13 million metric tons in 2022.
Persons: Dominique Patton, refiners, Production, Andrew Hayley, Jacqueline Wong Organizations: Shandong Haiyou Petrochemical Group, REUTERS, National Bureau of Statistics, Reuters, Zhuochuang, Thomson Locations: Shandong, county, Shandong province, China, BEIJING
☆ China refiners slow down Russian oil purchases as sanctions near - trade
  + stars: | 2022-11-14 | by ( Muyu Xu Chen Aizhu | Muyu Xu | Chen Aizhu | ) www.reuters.com   time to read: +3 min
SINGAPORE, Nov 14 (Reuters) - Chinese refiners are slowing down Russian crude purchases in December and paying lower premiums in the face of imminent European Union sanctions and uncertainty surrounding the G7's plan to cap Russian oil prices, trading sources said. The European Union will ban Russian crude and oil products imports on Dec. 5 and Feb. 5, respectively. U.S. Treasury Secretary Janet Yellen said the Russian oil price cap will benefit China and India. URALSMeanwhile, state refiners are winding down Russian Urals crude purchases for December arrival to eschew sanction risks after stockpiling the oil in previous two months, traders said. Spot discounts for these cargoes "need to be deep enough to warrant any meaningful risk taking", said the state oil trading manager.
☆ Chinese refiners seek less Saudi crude as demand weak
  + stars: | 2022-11-11 | by ( Muyu Xu | ) www.reuters.com   time to read: +1 min
SINGAPORE, Nov 11 (Reuters) - Several Chinese refiners have asked Saudi Aramco to reduce December-loading crude oil volumes, two sources close to the matter said, as COVID-19 restrictions and a faltering economy have weakened fuel demand in the world's biggest oil importer. China's crude oil imports in October recovered to the level last seen in May, supported by stockpile demand at two new refineries preparing for commercial operation. Apart from the reduced demand, China has been buying Russian crude oil priced at steep discounts after the Ukraine crisis, squeezing out other suppliers, including Saudi Arabia. Saudi Aramco did not immediately respond to a Reuters' request comment, which was made outside office hours. Saudi Aramco has cut its December selling prices for its flagship Arab Light crude and told at least four refinery customers in North Asia they will receive full contract volumes of crude oil in December.
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