The Business Times

Chinese Oil

Energy & Commodities

Chinese refiners expected to replace Venezuelan oil with Iranian crude

Analysts say the Venezuela drama hits ‘teapots’ the hardest, and do not foresee them bidding up for unsanctioned barrels

UCO exports from China and Malaysia, two of the biggest UCO exporters in the region, have been increasing each year.
Energy & Commodities

Used cooking oil the new black gold as it rides biofuel demand, limited supply

Europe is the largest consumer of the feedstock globally, but regulatory uncertainty in US, Europe still a hurdle

Chinese refiners have about nine million tonnes of export quota left for the rest of the year out of 41 million, an energy consultant says.
International

China’s diesel exports fall to lowest level since mid-2023

Its refiners are expected to reduce diesel exports by more than 30% in October, amid a slowdown in the country’s growth and decarbonisation efforts

Sinopec, which operates Shengli oil field in Shandong province, is one of five companies tasked with the stockpiling.
International

China asks state companies to add 60 million barrels of oil to reserves

The country’s strategic petroleum reserves stand at 290 million barrels, an analytics company estimates

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