Analysts expect crude imports to slow in Q2 March fuel exports at 6.83 mln T vs 5.3 mln T in Feb (add analysts comment)
BEIJING, April 13 (Reuters) - China’s crude oil imports jumped 21% in March from a low base of comparison a year earlier as refiners ramped up operation amid robust fuel demand post-COVID-19, though purchases slowed ahead of the maintenance season.
The world’s top crude oil buyer imported 49.66 million tonnes last month, equivalent to 11.69 million barrels per day (bpd), data from the General Administration of Customs showed on Tuesday.
March imports were down from 11.73 million bpd in February.
For the first quarter, arrivals totalled 139.23 million tonnes, or 11.29 million bpd. That compared to 10.2 million bpd over the same period a year earlier.
China's crude oil imports jumped 21% in March from a low base of comparison a year earlier as refiners ramped up operation amid robust fuel demand post-COVID-19, though purchases slowed ahead of the maintenance season.
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TOKYO (Reuters) -U.S. exports of liquefied natural gas (LNG) to China, Japan and South Korea, the biggest importers of the fuel, have surged to record highs in recent months as the heavily industrialised region recovers from the COVID-19 pandemic, Eikon trade data shows.
As with the ramp-up of U.S. oil exports that forced heavyweights like Saudi Arabia to find other buyers, what was dubbed Freedom Gas by the administration of President Donald Trump is also changing global energy flows and quietly gaining a stranglehold on key markets in Asia.
Such is the speed of growth of imports into Japan, the U.S. is running neck and neck this year with Qatar - a long-term key exporter to Japanese utilities - as a major supplier to the world’s third-largest economy, official data showed this week. That comes despite U.S. LNG being nearly 40% more expensive than Qatar gas on a per heating unit basis.
By Reuters Staff
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FILE PHOTO: The logo of Marubeni Corp is seen at the company headquarters in Tokyo, Japan, May 10, 2016. REUTERS/Toru Hanai
TOKYO (Reuters) - Japanese trading company Marubeni Corp said on Tuesday it aims to cut its greenhouse gas emissions to net zero by 2050 and it moves forward its 2030 goal of halving its net coal power generating capacity from 2018 level to 2025.
The move comes as Japanese trading houses speed up their efforts to shift away from coal and other fossil fuel assets amid a growing decarbonisation push worldwide and to match an ambitious pledge by government of becoming a carbon neutral by 2050.