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China INE crude price falls further on prospect of oversupply

Guangzhou (JLC), July 23, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to fall on Tuesday due to the prospect of an oversupply next year.

07-23-2024 19:35:26

China’s MTBE exports rise amid oversupply

Beijing (JLC), July 21, 2023--China exported 772,000 mt of MTBE in the first six months of 2023, increasing by 116% year on year, according to data from the GACC.

07-21-2023 10:12:24

China oil products exports to rally in 2021 on domestic oversupply

Beijing (JLC), January 25, 2021--China’s oil products exports are expected to rise by 12.6% this year, but still lower than the level in 2019, JLC research shows.

01-25-2021 17:25:02

Why are large refineries coming online amid oversupply in China?

Large refining-chemical complexes, private or state-owned, are coming on stream on after another in China, despite an oversupply of capacity. Some may wonder: why is this happening?

12-22-2020 17:13:20

INE crude slumps on global demand slump, oversupply

The price of crude futures on the Shanghai International Energy Exchange (INE) plunged further on Wednesday as demand slump amid the Covid-19 pandemic resulted in a severe oversupply.

04-23-2020 09:35:48

Oversupply of gasoline weighs on independents

Beijing (JLC), July 19, 2019--China's independents' pressure is surging increasingly, given the oversupply of gasoline, great refining losses, the mega projects startups, causing the three-year low operating rates.

07-19-2019 14:40:12

DME prices to fall on oversupply

Beijing (JLC), January 17, 2019--Dimethyl ether prices are likely to move down in the short run, due to weak demand and rising supply.

01-17-2019 17:28:16

Oversupply to come after dimethyl ether price hikes

Beijing (JLC), August 21, 2018--A supply glut for dimethyl ether is to come with refiners’ operating rates climbing, following 14-day price hikes, according to JLC.

08-21-2018 12:51:32

FREP exports diesel to South Africa amid oversupply

Fujian Refining & Petrochemical Co., Ltd (FREP) began to export refined oil products to South Africa in August, which is also the second company launching the refined oil exports in Quanzhou after Sinochem Quanzhou.

08-20-2018 18:07:28

Dimethyl ether prices hard to rise on oversupply

Dimethyl ether prices will be hard to rise in the forthcoming market due to a supply glut, and some producers have shut down under cost pressure, JLC data shows.

07-12-2018 14:32:07

China oil giants urge to export oil products facing oversupply

China National Petroleum Corporation had exported the first batched of gasoline to Canada on June 20, 2018.

07-03-2018 14:28:45

Imported aromatics market remained sluggish amid oversupply

On December 26th (Tuesday), the imported mixed aromatics in East and South China were transacted at CNY5,650/mt and CNY5,680/mt respectively.

12-27-2017 09:54:47

Teapots long for oil product export right under oversupply situation

As filling stations offered substantial discounts, profits of teapots were pressured. Private filling stations have become hotly contested spots therefore.

06-20-2017 17:40:09

Run rate of teapots kept high under oil products oversupply

Since the downward adjustment on June 9th, international oil price fluctuated. NYMEX light crude oil futures to be settled in July closed at $44.74/bbl; however, the price index of China oil products kept weak and recorded three times fallings in the recent week.

06-20-2017 11:39:56

IEA: Global oil oversupply won't be relieved in 2017

IEA said on Wednesday that global oil oversupply will last until the end of 2017. Currently, the endeavor of OPEC to curb output encountered obstruction in the U.S.

06-15-2017 16:14:16

IEA: OPEC production cut agreement might not change the oversupply situation

According to the latest IEA monthly report, even OPEC entering into the production cut agreement may not reduce the global crude inventory as U.S. output could improve further. Under such circumstances, oil prices saw a confusing future.

05-17-2017 14:35:00

Crude futures market ended up falling amid great concern about oversupply

On May 16th(Tuesday),despite the softer dollar considering the “Leak Door” and the support for output cut agreement extension from Kuwait and Iraq, crude futures market ended up in downward trend due to the anxiety to crude oil oversupply.

05-17-2017 10:57:26

China diesel exports surged by 66.92% YoY in Feb due to oversupply

In February, China diesel exports rose by 22.82% on a monthly basis to 1,322,700 mt, up by 66.92% on a yearly basis. China diesel imports settled at 50,600 mt, down by 39.4% MoM and increasing 51.95% YoY, the data from the General Administration of Customs of PRC showed.

03-30-2017 16:09:30

Surging API crude oil inventory thickened the concerns over oversupply

On Tuesday (March 21st), the market refocused on the fundamentals after digested the news that OPEC may prolong the production cut. The increasing API crude oil inventory last week thickened the concerns in the market and the oil closing price kept declining although the sluggish

03-22-2017 16:46:33

China diesel exports soared sharply by 115% on oversupply

China's economy continued transforming in 2016, and the international crude oil price remained low. Domestic oil products wholesale and terminal demands were unsatisfied.

02-22-2017 17:16:24

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