UPDATE 1-April crude oil imports hit monthly
UPDATE 1-April crude oil imports hit monthly record, refiners stocked up ahead of sanctions rising as state-run refiners pre-stocked supplies in April from Iran and the United States
UPDATE 1-March crude imports ease on overhaul, fuel exports soar At least six Chinese state-owned refineries plan to close for maintenance in 2025 with the bulk of the closures occurring
UPDATE 1-China's Sept refinery output hits record
UPDATE 1-China's Sept refinery output hits record daily high Refinery output is expected to rise further in the fourth quarter as several state refiners resume operations after scheduled major
At least one Sinopec refinery and another three owned by Petrowill launch a full plant overhaul, sources at the plants told Reuters. Most of the refiners plan to start their maintenance in the second quarter, avoiding the third quarter when refined fuel product demand will peak.
UPDATE 1-China's Sinopec plans to build Canadian oil
UPDATE 1-China's Sinopec plans to build Canadian oil refinery. plan to build a refinery to process 167,000 barrels per day of crude into gasoline and other products, the project’s consulting
UPDATE 2-Sinopec overhauls fuel buying policy in new blow to teapots. a move that puts further limits on China's independent oil refiners. as an unintended impetus for large independents to step up investments in logistics to win fuel customers outside the state refiners, said Zhang Liucheng, vice president of Shandong Dongming
Oil giant Sinopec overhauls fuel buying policy: What
Oil giant Sinopec overhauls fuel buying policy: What will change? Reuters. March 28, 2025 While Sinopec's centralisation plan impacts the independent refiners, the change could serve as an unintended impetus for large independents to step up investments in logistics to win fuel customers outside the state refiners, said Zhang Liucheng, vice
UPDATE 1-China's Norinco and Saudi Aramco line up $10 bln refinery plan. has signed a framework agreement with state-run oil company Saudi Aramco to build a refinery and chemicals complex in
UPDATE 1-China's teapot plants form new club to
UPDATE 1-China's teapot plants form new club to beat rivals, but will it work? * New alliance to have 1 mln bpd crude oil import quotas -exec * State refiners raise pressure on smaller
October 31 is the hard deadline for Brexit It is also the day Mogherini’s mandate runs out along with the rest of the current European Commission The day after could be more than just the beginning of a new EC mandate but an entirely new leaf for the EU as well a chance to reckon with reality if you will Nebojsa Malic Nebojsa Malic is a
- Will China shut its largest oil refinery in 2025?
- State oil giant PetroChina plans to shut its largest Chinese refinery in 2025 after years of considering moving the processing to a smaller site, anonymous sources told Reuters on Monday. PetroChina has been thinking for years to shut its Dalian Petrochemical plant in downtown Dalian, north China.
- Should Dalian refinery be closed?
- PetroChina has been thinking for years to shut its Dalian Petrochemical plant in downtown Dalian, north China. The 410,000-barrels per day refinery accounts for about 3% of the total Chinese refinery output. The municipal authorities of Dalian have been pushing for years for the relocation of the refinery away from Dalian city.
- Will CNPC build a new refinery on Changxing Island?
- PetroChina’s parent company CNPC, reached an agreement with the Dalian authorities two years ago to build a smaller, 200,000-bpd crude oil refinery at a new refining and petrochemicals site on Changxing island. But PetroChina has not taken a final investment decision on the new proposed site yet, the sources told Reuters.
- Does PetroChina have a final investment decision on a new refinery?
- But PetroChina has not taken a final investment decision on the new proposed site yet, the sources told Reuters. The reported closure of the 410,000-bpd refinery comes at a time when Chinese refiners are facing overcapacity amid tepid road fuel demand, which appears to be slowly being replaced by electric vehicles and LNG-fueled trucks.
- How has the property sector crisis impacted China's diesel demand?
- The property sector crisis and the rise of LNG use in trucking have weighed on China’s diesel demand, dampening the prospects of oil demand growth in the world’s top crude importer. By Tsvetana Paraskova for Oilprice.com
- Why has China's diesel demand soared?
- Chinese diesel demand has likely peaked as the use of LNG as a fuel in heavy-duty vehicles has been surging in recent months, analysts say. The property sector crisis and the rise of LNG use in trucking have weighed on China’s diesel demand, dampening the prospects of oil demand growth in the world’s top crude importer.
