China Asks State-Owned Refiners To Halt Gasoline, Diesel Exports

[Hamartia Antidote]

China Asks State-Owned Refiners To Halt Gasoline, Diesel Exports | OilPrice.com

Chinese authorities have asked state refiners in the country to consider halting diesel and gasoline exports next month due to heightened concerns about oil supply after Russia invaded Ukraine

oilprice.com

• China to state-owned refiners: please halt all gasoline and diesel exports for April.
• The upward price pressure on energy and agricultural commodities poses a challenge for China.
• China plans to increase its crude oil, natural gas, and coal production, boost reserves of energy commodities, and keep stable imports to ensure its energy security.

Chinese authorities have asked state refiners in the country to consider halting diesel and gasoline exports next month due to heightened concerns about oil supply after Russia invaded Ukraine, Reuters reported on Wednesday, quoting sources familiar with the issue.

"This is to prevent a shortage as independent refiners are under big pressure to lower throughput in the face of soaring crude oil prices," a source with knowledge of the talks with state refiners told Reuters.

China, the world's largest crude oil importer, hasn't condemned Russia's invasion of Ukraine and is likely the country that will continue to trade with Russia regardless of any sanctions the Western allies decide to impose in the future.

However, China is concerned about its energy security, too, considering the skyrocketing prices of energy commodities, of which it is a major importer.


China plans to increase its crude oil, natural gas, and coal production, boost reserves of energy commodities, and keep stable imports to ensure its energy security amid skyrocketing commodities prices, the top Chinese economic planner said earlier this week.

"Since the beginning of this year, under the combined influence of multiple factors such as the Covid-19 pandemic, the monetary policy shift of major economies, and especially the escalation of geopolitical conflicts, the international commodity price situation has become more severe, complex and uncertain," Lian Weiliang, a vice-director at the National Development and Reform Commission (NDRC), said at a press briefing as carried by South China Morning Post.

The upward price pressure on energy and agricultural commodities "poses a new challenge to ensure domestic supply and price stability," Lian said.


The planning body NDRC said over the weekend that the country would raise coal production and reserves, develop "major petroleum reserve projects," and increase petroleum reserves, too, per Reuters.

Last month, China said it would help run its coal-fired power plants at full capacity in a bid to ensure energy security, despite the climate goals of the world's largest polluter.

By Tsvetana Paraskova for Oilprice.com

 

[Oracle]

Is china expecting global recession or another war front or any sanctions ?

 

[MH.Yang]

Is china expecting global recession or another war front or any sanctions ?

China's economy depends on Global trade, so China needs a stable and safe economic environment. The global economic recession means China's economic recession, which is not what the Chinese want to see.

China's reduction in gasoline and diesel exports is for domestic energy security. The world does not rely on China's gasoline&diesel, China's gasoline&diesel exports are not important to the world.

 

[dbc]

China's economy depends on Global trade, so China needs a stable and safe economic environment. The global economic recession means China's economic recession, which is not what the Chinese want to see.

China's reduction in gasoline and diesel exports is for domestic energy security. The world does not rely on China's gasoline&diesel, China's gasoline&diesel exports are not important to the world.

it is important for Pakistan...

 

[casual]

it is important for Pakistan...

ahh... are you joking?

 

[dbc]

ahh... are you joking?

nope China exports Diesel and Gasoline to Pakistan

Pakistan emerged as the top destination for China's gasoline exports in December, with the country receiving 398,000 mt of gasoline, up 80.3% month on month, data released by the General Administration of Customs showed Jan. 25. CHINA DATA: Pakistan becomes top receiver of China's gasoline in 2021 Pakistan emerged as the top destination for China s gasoline exports in December, with the country receiving 398,000 mt of gasoline, up 80.3% month on month, data released by the General Administratio www.spglobal.com

 

[MH.Yang]

nope China exports Diesel and Gasoline to Pakistan

Pakistan emerged as the top destination for China's gasoline exports in December, with the country receiving 398,000 mt of gasoline, up 80.3% month on month, data released by the General Administration of Customs showed Jan. 25. CHINA DATA: Pakistan becomes top receiver of China's gasoline in 2021 Pakistan emerged as the top destination for China s gasoline exports in December, with the country receiving 398,000 mt of gasoline, up 80.3% month on month, data released by the General Administratio www.spglobal.com

Pakistan is an important strategic partner of China, and 398000 MT is not much. The Chinese government should leave special channels for Pakistan, CPEC is the core project of China's economic layout.

 

[Rafi]

Pakistan is an important strategic partner of China, and 398000 MT is not much. The Chinese government should leave special channels for Pakistan, CPEC is the core project of China's economic layout.

It is being worked out, as ever China and Pakistan relations are ideal relationship between states.

 

[casual]

nope China exports Diesel and Gasoline to Pakistan

Pakistan emerged as the top destination for China's gasoline exports in December, with the country receiving 398,000 mt of gasoline, up 80.3% month on month, data released by the General Administration of Customs showed Jan. 25. CHINA DATA: Pakistan becomes top receiver of China's gasoline in 2021 Pakistan emerged as the top destination for China s gasoline exports in December, with the country receiving 398,000 mt of gasoline, up 80.3% month on month, data released by the General Administratio www.spglobal.com

insignificant amount. Pakistan gets most of its fuel from SA and UAE.

 

[dbc]

insignificant amount. Pakistan gets most of its fuel from SA and UAE.

do you even know why Pakistan increased fuel imports from China? Well it's largely because China - Pakistan signed a bilateral agreement to trade in Yuan so Pakistan could conserve its limited dollar reserves.

 

[mazeto]

The USA and Europe are desperately urging oil producing countries to increase pumping oil, to subdue Russia. Even going to the extent of courting countries they sanctioned.
We may see shadowy forces in Yemen, Iraq, Syria or elsewhere shower oil terminals in SA, UAE etc.. and Iran may shortly thereafter receive Russian tech, aircraft or such
The wily Chinese may be anticipating the sudden loss in oil supply..

 

[Madni Bappa]

Congratulations you had already defeated Russia in the other thread.

Now China is also defeated in this thread.

 

[casual]

do you even know why Pakistan increased fuel imports from China? Well it's largely because China - Pakistan signed a bilateral agreement to trade in Yuan so Pakistan could conserve its limited dollar reserves.

That's not relevant to my point.