Middle Eastern crude suppliers have gained a bigger market share of China’s independent refiners’ crude feedstock portfolio, accounting for nearly a third of the total in 2021, latest data by S&P Global Platts showed Jan. 7. Crudes from the Middle East Saudi Arabia, UAE, Oman and Kuwait emerged as the biggest winner in .
Malaysia overtook Russia to become the top feedstock supplier to China’s independent refineries over the first 11 months of this year, mainly due to a robust demand for various blended crudes and a strong appetite for bitumen blend, according to data from S&P Global Platts. Imports from Malaysia climbed 85.9% year on year to 25.36 .
China’s crude imports from Brazil slumped 54.7% on the month to near four-year low of 380,000 b/d, or 1.61 million mt, in September, latest data released by the General Administration of Customs showed Oct. 20. Weak buying from China’s independent refineries was the main reason for the decline in September, with the flow unlikely to .
Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China, ahead of new fuel taxes that look set to upend the lucrative flow of sanctioned oil to the world's top crude importer.
Read more about Venezuelan oil, masked as Malaysian, rushes into China before fuel tax on Business Standard. China has over the past 12 months bought an estimated $3.5 billion worth of Venezuelan oil relabelled as Malaysian fuel