China's coal production in October rose 4.6% on an annual basis
China's coal production rose by 4.6% from a month earlier in October, according to data released on Friday. The increase was due to the recovery of production from safety-related restrictions a year before. National Bureau of Statistics data showed that the world's biggest coal producer, China, mined 411.8 millions metric tons of coal last month. This was because the safety inspections that took place in September and Octobre 2023, which limited production, had a low baseline.
China's refinery output in September fell for the sixth consecutive month
China's refinery production fell 5.4% in January compared to a year ago, according to official data released on Friday. This is the sixth consecutive month of declines, despite the opening of a brand new plant, as low fuel consumption and thin refining margins slowed processing. The National Bureau of Statistics (NBS), according to its data, showed that refiners processed 58.73 millions metric tons of crude last month. This is equivalent to 14,29 million barrels of oil per day.
China's thermal energy output grows in August
The statistics bureau reported on Saturday that China's thermal energy generation rose in August compared to a year ago, as the growth of hydropower output moderated. This reversed a trend of decreasing thermal power production for three months. The National Bureau of Statistics reported that China's thermal energy generation rose by 3.7% last month compared to the same period a year earlier, reaching 614.9 billion Kilowatt-hours.
China's coal production rises, but the share of electricity falls: Russell
China's coal production is increasing while its share in electricity generation is decreasing. This apparent contradiction will result in a lower volume of imports and lower prices. The National Bureau of Statistics released data on August 15 showing that the coal output in July was 2.8% higher than the same month one year ago, reaching 390,37 million metric tonnes. The output in July was lower than June's, which was 405,38 million tons.
China's Coal Production Rises, but the Share of Electricity Falls: Russell
China's coal production is increasing while its share in electricity generation is decreasing. This apparent contradiction will result in lower import volumes and cheaper prices.The National Bureau of Statistics released data on August 15 showing that the coal output in July was 2.8% higher than the same month one year ago, reaching 390,37 million metric tonnes.The output in July was lower than June's, which was 405,38 million tons.
China Banks "Massive Volume" of Crude in May
China added to crude oil stockpiles at the fastest rate in nearly three years in May, as robust imports outweighed near-record refinery processing.A total of 1.77 million barrels per day (bpd) was added to inventories in May, the most since July 2020 and reversing the small, and rare, draw of 340,000 bpd in April.When assessing the state of China's oil market, it's common to focus on the level of imports and refinery throughput…
China Crude Processing Spikes to All-time High
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been processed so far this year according to the National Bureau of Statistics China.Despite the 12.0% growth in crude oil processing, Chinese crude oil supply…
Country-by-Country Look at Dropping Fuel Demand
It's hardly news that the COVID-19 pandemic has sent most every market into tumult, most notably the oil and gas market as political power plays flood the world with oil precisely when demand has plummeted. Here we provide some recent insights on just how steep falls in fuel demand has been as lockdowns to contain the spread of the novel coronavirus limit the movement of more than 4 billion people.UNITED STATESU.S.
China Aims to Boost Natural Gas Production
Following several years of natural gas consumption outpacing local production growth, China is introducing incentives to spur several forms of domestic production in hopes of reducing its reliance on imports.China’s natural gas imports, both by pipeline and as liquefied natural gas (LNG), accounted for nearly half (45%) of China’s natural gas supply in 2018, an increase from 15% in 2010, according to the U.S.
China Crude Runs Hit Record High
China's crude oil throughput rose 9.4% in September from a year earlier to its highest level on record, official data showed on Friday, led by increases from new refineries and as some independent plants returned from maintenance.Refinery runs hit 56.49 million tonnes, or about 13.75 million barrels per day (bpd), according to figures from the National Bureau of Statistics (NBS).The September rate was also up around 8% from 12.72 million bpd in August and beat the previous daily r
Oil Rises as Investors Latch on to OPEC Cuts, Supply Outlook
Oil rose on Monday, reversing earlier losses, as investors latched on to positive supply-side drivers for the market, although concern about the wider economy simmered in the background after data pointed to a slowdown in China.Brent crude oil futures were up 12 cents at $62.82 a barrel by 1520 GMT, while U.S. crude futures were up 9 cents at $53.89 a barrel.Analysts said a more robust backdrop for financial markets…
China's Crude Oil Buying Spree Set to Continue
China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in six months, the International Energy Agency said. China has spent around $24 billion on building its crude reserves since 2015, at an average of $50 a barrel, and now holds around 850 million barrels of oil in inventory.
Oil Slips on Chinese Demand, Rising U.S. Activity
Oil prices fell on Monday as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in U.S. drilling capacity could deepen a global supply glut. Chinese refineries processed 10.71 million barrels per day (bpd) in July, National Bureau of Statistics data showed, down around 500,000 bpd from June and the lowest rate since September 2016.
Oil Prices Rebound, but Oversupply Weighs
Saudi Arabia, Kuwait signal likely cut extension; falling U.S. crude stocks offer some support. Oil prices regained some ground on Thursday, after steep losses in the previous session, as leading Gulf oil producers signalled a likely extension of OPEC-led supply cuts beyond the middle of the year. Brent crude futures were at $53.45 per barrel at 1117 GMT, up 52 cents from their last close. U.S. crude futures were up 45 cents at $50.89 a barrel.
China Sets Energy Consumption Cap for First Time
China aims to keep energy consumption within 5 billion tonnes of standard coal equivalent by 2020, it said in its latest five-year plan published on Saturday, marking the first time the world's second-biggest economy has set such a target. China has long been considering an energy consumption cap in a bid to improve industrial efficiency, tackle smog and control greenhouse gas emissions, which are the highest in the world.
China's Perfect Diesel Storm Could Hit Asian Fuel Market
Should Asia be bracing itself for a flood of gasoil from China in the second quarter? It would certainly appear that the conditions for a sharp rise in exports of gasoil, the refinery term for middle distillate fuels diesel and kerosene, are in place. These include stocks of Chinese oil products at a four-year high, rising refinery runs but soft domestic consumption, and gains in crude imports.
China's May Crude Imports Drop
Imports drop as refineries use crude from commercial storage. China's oil imports fell about 11 percent in May from a year ago in the steepest drop since November 2013, likely knocking the country off its perch as the world's top crude buyer - a spot it claimed for the first time in April. Lower imports by China, at a time when markets are expected to be oversupplied following OPEC's decision to keep its output targets unchanged, dragged down global crude prices on Monday.
China's Surging Crude Imports Could Ease
China appears to be stockpiling crude oil at a faster pace than the market had expected, taking advantage of low prices but perhaps also pulling forward its demand for imported crude. While China doesn't disclose the amount of crude flowing into strategic storage, an estimate can be made simply by subtracting refinery runs from the total amount of oil available from both imports and domestic output.
China August natural gas output up 6.0 pct y/y
China's natural gas production rose 6.0 percent in August from a year earlier to 10.4 billion cubic metres (bcm), data from the National Bureau of Statistics showed on Sunday. For the first eight months of the year, gas output grew 3.0 percent over the same period a year earlier to 83.5 bcm, slowing from a 6.9-percent rise for all of 2014 and growth of 11.5 percent in 2013. A dramatic slowdown…
China Nov Crude Runs Climb to New Record
China's refinery throughput rose 3.3 percent in November from a year earlier to 43.92 million tonnes, or 10.69 million barrels per day (bpd), a Chinese record, data from the National Bureau of Statistics showed on Saturday. The daily run rate is up 2.6 percent compared with the 10.42 million bpd recorded in October. (1 Tonne=7.3 barrels) (Reporting By Adam Rose)
