Louisiana Light • 2 days | 75.78 | -0.87 | -1.14% | |||
Bonny Light • 1 day | 78.55 | -0.06 | -0.08% | |||
Opec Basket • 2 days | 79.69 | -2.90 | -3.51% | |||
Mars US • 33 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 10 mins | 2.095 | -0.015 | -0.72% |
Bonny Light • 1 day | 78.55 | -0.06 | -0.08% | |||
Girassol • 1 day | 78.88 | -0.24 | -0.30% | |||
Opec Basket • 2 days | 79.69 | -2.90 | -3.51% |
Peace Sour • 4 hours | 56.07 | -0.72 | -1.27% | |||
Light Sour Blend • 4 hours | 59.92 | -0.72 | -1.19% | |||
Syncrude Sweet Premium • 4 hours | 64.52 | -0.72 | -1.10% | |||
Central Alberta • 4 hours | 58.07 | -0.72 | -1.22% |
Eagle Ford • 2 days | 69.52 | -1.03 | -1.46% | |||
Oklahoma Sweet • 2 days | 69.50 | -0.75 | -1.07% | |||
Kansas Common • 1 day | 62.50 | -0.75 | -1.19% | |||
Buena Vista • 2 days | 79.16 | -1.03 | -1.28% |
Oil prices are falling rapidly…
A drop in steel demand…
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…
China exported about 1.56million mt of gasoline in July 2019, a surge of about 559,900 mt or 56.1% from June, according to data from the country’s General Administration of Customs (GAC).
The jump was ascribed to stronger gasoline demand from the international market in the month.
The country exported gasoline to four more countries in July than in June-Malaysia, Oman, Ecuador and the Philippines. Malaysia took the second place with 195,490 mt of gasoline imports from China, while Singapore held on to the first place with 632,500 mt or 40.6% of China’s exports in the month.
By customs, Dalian in northeast China topped with 601,590 mt or 38.6% of the total, followed closely by Xiamen with 218,400 mt or 14.0%.
On a year-on-year comparison, July exports soared by about 74.6%, the GAC data indicates. State-owned oil majors seemed to be making more efforts to increase gasoline exports as from July, after large drops in their exports in the first half of 2019 and the domestic market became more glutted.
Gasoline exports in January-July amounted to about 8.34 million mt, a modest rise of 0.27% from the same period in 2018, the GAC data says. Exports in the first six months had dropped by 8.66%.
More Top Reads From Oilprice.com:
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…
Oil Prices Fall Further As U.S. Crude Oil Inventories See Major Build
Second Israel-Linked Vessel Seized in the Gulf of Aden
OPEC Said To Consider Additional 1 Million Bpd Output Cut
OPEC+ Reaches Preliminary Agreement to Deepen Oil Production Cuts
Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com