• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 1 min DUMB IT DOWN-IMPEACHMENT
  • 1 hour Greta named Time Magazine "Person of the Year"
  • 57 mins Everything you think you know about economics is WRONG!
  • 1 min POTUS Trump signs the HK Bill
  • 19 hours americavchina.com
  • 21 hours WTO is effectively neutered. Trump *already* won the trade war against China and WTO is helpless to intervene
  • 44 mins Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 20 hours Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 1 hour Winter Storms Hitting Continental US
  • 37 mins Aramco Raises $25.6B in World's Biggest IPO
  • 11 hours Can Renewable Natural Gas Compete With Diesel?
The Fastest Growing Energy Sectors Of 2019

The Fastest Growing Energy Sectors Of 2019

The world saw a significant…

The Toughest Part Of The OPEC Deal

The Toughest Part Of The OPEC Deal

OPEC+ agreed to deepen output…

JLC

JLC

JLC with headquarters located in Beijing, and branch offices in Shanghai, Shandong, Guangzhou and Singapore, is a leading provider of market intelligence and pricing solutions…

More Info

China Issues Third-Batch Quotas For Oil Product Exports

Gasoline

China has issued the third batch of 2019 quotas for ordinary-trade refined oil export, permitting six million mt of exports, according to an industry source.

Sinopec obtained quotas for 2.78 million mt, followed by PetroChina with 2.02 million mt, Sinochem with 600,000 mt and China National Offshore Oil Corporation with 600,000 mt.

Hengli Petrochemical didn’t get any quotas under this batch.

The separate quotas for different products are not known yet.

China has released quotas for a total of 56 million mt of refined oil exports under ordinary trade and processing trade in 2019, an increase of eight million mt or 16.7% from a total of 48 million mt for 2018. It may issue quotas for over 60 million mt of refined oil exports through 2019.

The country is expected to boost gasoline exports more significantly later this year, as the domestic market is seriously oversupplied and only half of the first two batches of gasoline quotas have been used. China may also raise the share of gasoline quotas later this year to encourage export.

China’s gasoline exports in the first half of 2019 accounted for only 50% of the first two batches of quotas, while diesel exports accounted for 64% of the quotas, JLC data shows.

By JLC International

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play