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Chinese oil companies revise up plans for November refined oil exports

Guangzhou (JLC), November 25, 2024--Chinese oil companies have revised up their plans for November exports of clean oil products (gasoline, diesel and jet fuel), before China cuts its VAT rebate.

11-25-2024 17:20:37

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China INE crude price rises again on expected OPEC+ oil exports drop

Guangzhou (JLC), August 22, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) continued to rise on Tuesday because of the expectation of a further drop in OPEC+

08-22-2023 18:29:59

China’s August fuel oil exports jump year on year

Guangzhou (JLC), September 20, 2022--China recorded a year-on-year leap in its fuel oil exports in August, driven by a yearly rise in the production of low-sulfur fuel oil (LSFO, with the maximum sulf

09-20-2022 18:42:28

China's fuel oil exports surge 32.1% in April

Guangzhou (JLC), May 25, 2021--China’s fuel oil exports soared by 32.1% year on year in April 2021, mostly due to fast development of the country’s bonded bunker market amid support from preferential policies.

05-25-2021 18:10:59

INE crude slips further as Iran to restore oil exports

Guangzhou (JLC), May 21, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) extended losses on Friday, as Iran is expected to resume its oil exports with the lifting of US sanctions, also due to stronger yuan.

05-21-2021 19:16:37

China’s refined oil exports to diverge in August

China is expected to export 1.37 million mt of gasoline in August, up 29.43% year on year, while diesel exports are estimated at 1.1 million mt, a year-on-year drop of 16.60%, JLC’s data shows.

07-28-2020 17:10:51

China’s May refined oil exports dive as overseas demand slumps

China recorded a whopping drop in its oil product exports in May, as overseas demand was still far below the pre-pandemic level, though some countries were easing restrictions against Covid-19 and reopening their economies.

06-08-2020 15:38:01

Opening up refined oil export becomes topic at “two sessions”

During the “two sessions” held in Beijing in late May, proposal to lift restrictions on refined oil export has sparked heated debate once again. It is expected that refined oil export will be opened up to private enterprises.

05-28-2020 14:43:49

China cuts quotas for processing-trade refined oil exports

China has reduced the second batch of 2020 quotas for processing-trade refined oil exports, as demand from overseas plunges amid ravaging Covid-19 worldwide, according to industry sources.

05-06-2020 18:08:20

China sets fuel oil export quotas at 10 million mt for 2020

China has set quotas for 10 million mt of ordinary-trade fuel oil exports for 2020, as demand for bonded bunker fuel in China is expected to drop by about 8% this year.

04-28-2020 16:26:25

Zhejiang Petrochemical likely to get refined oil export quota

Beijing (JLC), March 31, 2020--China independent Zhejiang Petrochemical is likely to become the first integrated refining-chemical enterprise to get the export quota for refined oil, according to the State Council.

03-31-2020 18:14:22

Sinopec ZRCC's Feb refined oil exports surge 69% amid coronavirus

Beijing (JLC), March 25, 2020--Sinopec Zhenhai Refining and Chemical (ZRCC)’s refined oil exports in February surged by 69% from year-ago level to 270,000 mt, according to latest industrial news.

03-25-2020 09:25:44

PetroChina Dagang starts refined oil exports on high stocks

Beijing (JLC), March 24, 2020--PetroChina Dagang Petrochemical shipped a batch of refined oil overseas for the first time on March 18, as it seeks outlets for its refined oil amid the coronavirus outbreak, according to PetroChina.

03-24-2020 17:19:34

China’s refined oil exports to dive on less demand in 2020

China’s refined oil exports are likely to plunge in 2020, because of tumbling demand from the international market amid the spread of the coronavirus worldwide and crashing international prices.

03-16-2020 19:02:45

China approves tax rebate for general-trade fuel oil export: sources

Guangzhou (JLC), January 10, 2020--China's State Council has approved a long-awaited tax rebate for general-trade fuel oil export, industry sources said late this week.

01-10-2020 16:54:21

China boosts quotas for 2020 refined oil exports sharply

Guangzhou (JLC), December 31, 2019--China has set the first batch of quotas for 2020 refined oil exports, permitting 28 million mt of exports, a surge of about 6.51 million mt or 30.3% from the same batch for 2019, according to a document from the country's Ministry of Commerce.

12-31-2019 13:52:57

China's fuel oil exports more than tripled in November

In November, 2019, the total import fuel oil of China was 1,058,000 mt, up 12.03% month on month, and the total export was 1,608,800 mt in the same period, up 231.93% mt month on month, according to the data from the General Administration of Customs of China.

12-30-2019 16:39:11

China to open up refined oil export to private firms

Guangzhou (JLC), December 24, 2019--China will encourage eligible private firms to participate in crude import and refined oil export, according to an official document released on Sunday.

12-24-2019 11:40:47

Guangxi Petchem to cut refined oil exports by 11.8% in December

Guangzhou (JLC), December 6, 2019--PetroChina Guangxi Petrochemical in south China plans to export a combination of 328,000 mt of refined oil, a drop of 44,000 mt or 11.8% from November, according to a source from the company.

12-06-2019 20:02:36

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