Markets

Asia: China Crimps Products Output for Olympics and New Year

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
pollution/ss1285069813-pollution-refinery-emissions-pollution.jpg

China’s first-quarter downstream performance is expected to show limited refining runs and exports on the back of the Lunar New Year holidays, Beijing Olympic Games and limited products export quotas. Refiners are currently boosting their runs to ensure high products inventories ahead of the new year celebrations on Feb. 1. This year more people are expected to travel over the holidays, more so than in 2021, when the government encouraged people to stay put.

Topics:
Oil Products, Oil Supply, Refining, Crude Oil
Wanda Ad #2 (article footer)
#
Now that the war premium has evaporated on ongoing Russian supplies, Brent's $75/bbl doesn't look outrageous based on fundamentals.
Tue, May 23, 2023
Opec-plus faces another tricky meeting this weekend as benchmark Brent struggles to stay above $70 per barrel despite the group's recent supply cuts.
Thu, Jun 1, 2023
In a sign of how quickly market conditions are changing in Asia, some regional refiners have decided to forego earlier planned run cuts.
Thu, Jun 1, 2023