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China s crude throughput to fall in July on independent refiner cuts, quota limits

China’s crude throughput to fall in July on independent refiner cuts, quota limits China’s crude throughput in July will likely fall slightly from the record high in June as expected cuts by private refiners over the month amid adverse weather offset the impact of mostly steady run rates at state-owned refiners. The average utilization rate of China’s four state-owned refineries was around 82% in July, steady compared with 82.4% in June, a four-month high, according to S&P Global Platts July 26. The four state-run oil companies Sinopec, PetroChina, CNOOC and Sinochem plan to process a total 32.06 million mt of crudes, or 7.58 million b/d of crude in July, against their nameplate capacity of 9.24 million b/d. This compared with their earlier plan of processing 31.07 million mt, or 7.59 million b/d, of crude in June.

Asia light ends: Key market indicators for July 26-30 | Hellenic Shipping News Worldwide

Asia light ends: Key market indicators for July 26-30 The direction of Asia’s light ends markets was mixed in mid-morning trade July 26, with gasoline driven up by a stronger US RBOB-Brent crack; though this may be balanced by ample Chinese exports in August. LPG was poised to see a third consecutive increase in term contract prices for August as swaps values remained firm at the start of the July 26-30 trading week, while naphtha was supported by crude oil even though end-user demand was muted. Front-month ICE September Brent crude futures stood at $73.74/b at 11:47 am Singapore time (0347 GMT) July 26, down 36 cents/b from the previous close.

Deadly Typhoon Threatens Strategic Chinese Oil Hub

Deadly Typhoon Threatens Strategic Chinese Oil Hub
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