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China Independent Oil Refiners' Shift To Sanctioned Iranian Crude Gives World Breathing Space

China Independent Oil Refiners' Shift To Sanctioned Iranian Crude Gives World Breathing Space
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China independent refiners' Russian crude imports set to fall further from Feb lows

The appetite for Russian crude among China’s independent refiners fell to a nine-month low in February due to lower runs amid festive holidays and the Winter Olympics, while shipping risks and price volatility arising from Russia’s invasion of Ukraine may drive down inflows further in March. Russian crude imports by the independent refiners fell 43% . ....

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Russian ESPO Blend premiums beat estimates in Jan on firm buying, supply squeeze

Premiums of Far East Russian ESPO Blend crude oil surged in January, beating traders’ estimates, aided by robust buying interest and tight supplies, sources told S&P Global Platts Jan. 27. March-loading barrels of ESPO Blend crude were heard to have been sold via several tenders at premiums of around $4.65/b-$5.10/b to Platts front-month Dubai crude . ....

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CHINA DATA: State-Owned Refiners Cut Oct Run Rates To Five-Month Low Of 81% | Hellenic Shipping News Worldwide

The average utilization rate at China’s four state-owned refiners fell to a five-month low of 80.6% in October from 81.5% in September while independent refiners also maintained run rates at low levels due to feedstock shortage, S&P Global Platts data showed Oct. 28. These would likely lead the country’s crude throughputs to extend the downward . ....

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SMM Outlook on Petroleum Coke in October under the Background of Dual Control of Energy Consumption_SMM

The overall prices are expected to stabilise and correct slightly in October and the downstream demand for petroleum coke to slow. SMM will continue to follow the overall dynamics of petroleum coke. ....

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