• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 4 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 2 hours "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 3 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 2 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 2 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

China Asks Refiners To Help Ease Diesel Crisis

  • Officials at the National Development and Reform Commission (NDRC), China’s planning body, asked refiners in a meeting last week whether they would be able to import more diesel, produce more fuel, or purchase crude oil at reasonable prices
  • Reports emerged this week that Chinese gas stations had started to limit diesel sales as supplies tighten

Chinese officials have met with representatives of state-held and independent refiners to explore ways to alleviate the energy crisis in the world’s top crude oil importer, Bloomberg reported on Friday, quoting sources with knowledge of the talks.

Officials at the National Development and Reform Commission (NDRC), China’s planning body, asked refiners in a meeting last week whether they would be able to import more diesel, produce more fuel, or purchase crude oil at reasonable prices, according to Bloomberg’s sources.

No decisions on specific policies have been immediately made, the sources added.

In recent weeks, China has been grappling with an energy crisis with coal shortages, power outages, and most recently, diesel rationing.

Reports emerged this week that Chinese gas stations had started to limit diesel sales as supplies tighten for the oil product that has benefited the most from the record high coal and natural gas prices.

Diesel can be used in generators for power as China is struggling with electricity outages. But diesel is also the main fuel for long-haul heavy-duty trucks, and shortages in China could mean that another disruption is coming to global supply chains.

The diesel rationing at Chinese gas stations comes as the world’s second-largest economy is grappling with a power crisis amid shortages of coal and sky-high price of natural gas in Asia.

Power cuts and outages threaten the pace of the economic growth in China and the global supply chains, many of which originate in the country.

Many factories in Chinese export hub Yiwu in the Zhejiang province have reduced output because of the power outages, South China Morning Post reported on Wednesday.

Surging coal prices and power shortages in China slowed the growth of its economy in the third quarter and are now threatening to spill over to the global supply chains in the fourth quarter.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News