China's Oil Surplus Inched Higher in 2024 - OilPrice.com
Jan 20, 2025 · China's crude oil surplus grew significantly in 2024 due to stockpiling of discounted Russian oil, potentially mitigating the impact of upcoming sanctions.
Chinese Crude Oil Imports From Russia Rose to a Record High in …
Jan 20, 2025 · China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.
China's surplus crude oil surged last year, giving options for 2025
Jan 20, 2025 · China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day (bpd) as refiners gobbled up cheaper Russian cargoes.
China's Crude Oil Imports From Top Supplier Russia Reach ... - U.S. News
Jan 20, 2025 · SINGAPORE (Reuters) - China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as ...
China's crude oil imports fall in 2024, first time in two decades ...
Jan 13, 2025 · China's crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside of pandemic-induced falls, as tepid economic growth and peaking fuel...
China Issues Second Batch of Crude Oil Import Quotas
Dec 30, 2024 · China has just given a potential boost to its crude oil imports as it has issued a second batch of import quotas for 2025 to its independent refiners, trade sources told Reuters on Monday.
China issues full-year crude import quota in Jan, boosting refiners ...
China has set its 2024 fuel oil import limit at 20 million mt, up from 19.2 million mt for 2023, S&P Global reported. The independent refineries imported 11.91 million mt of fuel oil over January-November 2023, surging from merely 1.24 million mt in …
China stored massive volumes of crude oil in August on soft prices
Sep 16, 2024 · China boosted crude oil inventories in August by the biggest amount in 14 months, confirming that the rebound in imports was driven by stockpiling and not by any recovery in fuel consumption.
China's oil demand near peak as government pushes to cut imports
1 day ago · TOKYO -- Experts are beginning to predict China's demand for crude oil may hit a ceiling earlier than previously forecast, as the world's second-largest economy undergoes a state-led structural ...
China's surplus crude oil surged last year, giving options for 2025 ...
Jan 20, 2025 · (The views expressed here are those of the author, a columnist for Reuters) LAUNCESTON, Australia - China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day (bpd) as refiners gobbled up cheaper Russian cargoes. China, the world's ...