Chinese Oil Majors Backtrack On Pledge To Buy Iranian Oil

It was a question that just as recently as last week was still undecided. Would Beijing kowtow to Washington’s demand that it stop importing Iranian oil at the start of May after the 180-day import waiver period ended? The answer, at least for now, is that Beijing will comply.Oil majors Sinopec Group and CNPC, China’s two top oil refiners, are reportedly skipping purchases of Iranian oil for loading in May, Reuters reported on Friday, citing people familiar with the deal. On April 22, President Trump surprised oil markets when said he would end 180-day Iranian oil import waivers put in place i

China Oil Import 2019-05-13

Guangdong's natural gas consumption to reach 28 bln cubic meters by 2020

South China's Guangdong Province will continue to promote green development, and it plans to raise its natural gas consumption to 28 billion cubic meters by 2020, according to a local government plan.The provincial government recently released a scheme for 2018 to 2020 for winning the war against air pollution and making the skies blue. The scheme said that the energy structure of the province needs to be optimized and that green clean energy systems should be built up.It said that the expansion of the natural gas consumption market and the increase of natural gas consumption have been major g

China Natural Gas 2019-01-16

Chinese pipeline gas and LNG imports hit 7.29 mt in October

China imported 7.29 mt of pipeline gas and LNG in October, according to preliminary figures released by the General Administration of Customs on Thursday.

China’s Quotas For Refined Oil Exports Surge 130% In 2018

China has issued the third batch of quotas for this year’s general-trade refined oil exports and has boosted the total quotas for 2018 by 131 percent, the Ministry of Commerce announced.

China Petrochemical 2018-10-29

Chinese petrochemical plants shun US-origin naphtha as tariffs loom

Singapore — Chinese petrochemical plants are avoiding US-origin naphtha cargos, with at least one joint venture company explicitly barring them in purchase tenders issued in July, according to market sources and recipients of tender documents.Naphtha buyers in China are not taking any chances with US-origin cargoes, in line with buyers of US crude oil, propane and LNG, especially with the next round of tariffs due for implementation on August 23. Uncertainty has prevailed since Beijing threatened 25% retaliatory tariffs on US oil products in June.The impact on the overall naphtha market is sma

China Slaps 25% Tariff On U.S. Oil Products

China’s latest round of tariffs in response to U.S. tariffs on US$16 billion worth of Chinese goods entered into force today despite talks this week between U.S. and Chinese officials seeking to put an end to the trade dispute.

China supports natural gas, ethanol to promote clean energy

China Wednesday announced new policy support for clean energy with efforts to improve natural gas supplies and moderately promote the use of ethanol as a renewable biofuel.

China cuts retail fuel prices - Aug 20

China will reduce the retail prices of gasoline and diesel from Tuesday, the country's top economic planner announced Monday.

China Petrochemical 2018-08-22

China Removes Limits on Foreign Ownership of Gas Stations

China will remove restrictions on foreign investments in gasoline stations, clearing the way for global oil giants like BP to operate more wholly owned stations in the country.

China Policy 2018-07-02

China lowers retail fuel prices - 6.26

China will reduce the retail prices of gasoline and diesel from Tuesday, the second cut this month, the National Development and Reform Commission (NDRC) announced Monday.

China Policy 2018-06-26

China May gasoline exports up 134 percent at 1.47 million tonnes: customs

China’s gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday.

China Petrochemical 2018-06-25

China increases antidumping duty on styrene monomer imports from US

China's Ministry of Commerce said in a statement Friday that it has notified styrene producers in South Korea, Taiwan, and the United States of China's final antidumping duty rates for styrene monomer imports.

China Policy 2018-06-25

Analysis: China's independent refineries shy away from US crudes

Chinese independent refiners have slowed down their US crude purchases in recent months and could completely stop near-term imports amid growing uncertainties about additional import duties on US oil and gas.

China Petrochemical 2018-06-22

FACTBOX: China threatens 25% tariff on US energy, agricultural products

The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese pro

China's Private Oil Companies Struggle Against SOEs With New Tax Policy From Beijing

Independent oil refineries import and process almost a fifth of the 9.57 million barrels of crude oil that China brings in daily. But that profitable corner of the world's largest oil importer is now squirming under new tax policies that Beijing hopes will slim down the competition to state-owned re

China cuts retail fuel prices - 2018.6.8

China will cut the retail prices of gasoline and diesel from Saturday, the first cut after five increases, the National Development and Reform Commission (NDRC) announced Friday.

2018-06-11

China tells Shandong independent refineries to maintain run rates in H1 June

The Chinese government has asked independent refineries in Shandong province to maintain their current run rates and not undertake any shutdowns or restarts in the first half of June to minimize the possibility of accidents when the country will be hosting the Shanghai Cooperation Organization Summi

China Refining 2018-06-01

China's teapot refineries ordered to cut runs as port readies for summit

At least five independent refineries in Shandong, China’s northern province, have been ordered to cut operating rates as Beijing aims for blue skies for a regional summit in port city Qingdao next month, sources at the companies said.

China's Qingdao port bans some oil products, chemicals ahead of summit

China’s Qingdao port will ban refined oil products, liquefied petroleum gas and dangerous chemicals from June 1-6, the city’s safety watchdog said on Monday, amid preparations for a regional summit in the city.

China Petrochemical 2018-05-29

China independent oil plants face closure under new tax rules, competition

China's new tax rules introduced in March could force some independent oil refineries to close, and the way to survive tighter regulatory scrutiny and the onslaught of growing competition is to cut costs and beef up competitiveness, an oil executive said.

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