Gulf Oil and Gas accountACCOUNT

China Oil Trade -July 2015

Source: OPEC 7/28/2015, Location: Asia

In May, China’s crude imports dropped by 1.8 mb/d or 25% from the previous month to average 5.5 mb/d, while on an annual basis, they decreased by 670 tb/d or 11%. Year-to-date, the figures reflected an increase of 279 tb/d or 5%. In terms of supplier share, Russia, Angola and Saudi Arabia were the top crude suppliers to China in May, holding shares of 17%, 14% and 13%, respectively. In May, China’s crude imports saw increased volumes from Russia, which were up by 156 tb/d from the month before, while imports from Saudi Arabia decreased significantly by 562 tb/d from April.

China’s product imports also dropped in May, down by 162 tb/d from the previous month, while they were higher by 87 tb/d from a year earlier to average 995 tb/d. China’s crude exports dropped in May as well, averaging 32 tb/d, while product exports decreased from last month by 43 tb/d to average 708 tb/d.

As a result, China’s net oil imports dropped by 1.9 mb/d or 25% from the previous month to average 5.7 mb/d and down 11% from a year before.



Oil News in China >>

Iran >>  9/15/2019 - In the course of the ceremony held for concluding the contract for development of Balaal Gas Field, the Managing Director of Petropars Group stated, “...
Russia >>  9/12/2019 - STATS Group has signed a trilateral Memorandum of Understanding (MoU) which will significantly increase their presence on Sakhalin-2, Russia’s first o...

Azerbaijan >>  9/10/2019 - ENGIE, Shell, Azerbaijan Gas Supply Company (AGSC) and SOCAR have agreed on a partial transfer of ENGIE’s Shah Deniz gas supply contract to Shell Ener...
China >>  9/10/2019 - LyondellBasell (LYB) announced that China Petrochemical International Co., Ltd (Sinopec International) has selected LyondellBasell’s world-leading pol...

Kazakhstan >>  9/10/2019 - Sypris Technologies, Inc., a subsidiary of Sypris Solutions, Inc. (SYPR), has recently received significant orders for its Tube Turns® branded closure...
Russia >>  9/5/2019 - Total, Novatek and the other project shareholders have approved the final investment decision (FID) for Arctic LNG 2, a major liquefied natural gas (L...

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

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.