Gulf Oil and Gas accountACCOUNT

China Oil Trade - April 2012

Source: OPEC 5/17/2012, Location: Asia

China’s crude oil imports declined slightly in March, by 406 tb/d, or 6.8%, to 5.57 mb/d. Y-o-y, they increased by 444 tb/d, or 8.7%. Product imports decreased in March by 67 tb/d, or 6.5%, to 964 tb/d. Y-o-y, they decreased by 230 tb/d, or 19.3%. China’s crude oil exports decreased in March by around 60 tb/d, or 55.2%, to 49 tb/d. Y-o-y, this meant a decrease of around 31 tb/d, or 39.0%. Oil product exports fell by 56 tb/d, or around 10.0%, to 505 tb/d. Y-o-y, they were down by 242 tb/d, or 32.4%. As a result, China’s total net oil imports decreased by 357 tb/d, or 5.6%, in March to 5.98 mb/d. This decrease can be attributed mainly to net crude imports, which fell by 346 tb/d, or 5.9%, to 5.52 mb/d. The top five suppliers to the Chinese market were ranked as Saudi Arabia with 0.93 mb/d or 16.8%, Angola with 0.86 mb/d or 15.4%, Russia with 0.55 mb/d or 9.8%, Venezuela with 0.46 mb/d or 8.3% and Oman with 0.39 mb/d or 6.9%.

Oil News in China >>

Russia >>  6/5/2019 - Russia’s SOCAR ENERGORESURS LLC has purchased an 80% stake in Antipinsky Oil Refinery. Its participants are a group of investors and Sberbank. The joi...
Russia >>  5/20/2019 - NOVATEK has announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commi...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


China Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 |

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.