Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
Search
Related Articles
China’s recovering oil demand may not be all it seems
Rise in imports may be more to do with stockpiling ahead of summer than actual increased consumption
Subdued Asian LNG interest produces large stockpiles
Weak prices support demand but mild weather, delayed gas projects, large reserves and nuclear alternatives set to blunt upturn
Global LNG analysis report 2023 – Part 2
The second part of this deep-dive analysis looks at liquefaction and regasification developments in the Middle East and Asia-Pacific
Letter from China: Long-term LNG demand looks strong
Last year’s slip in gas consumption does not affect the outlook to mid-century
China’s NOCs ride wave of rising demand
From E&P to refining, the state-owned companies are well-positioned for growth and bumper profits
China and Russia deepen energy links
But Beijing remains somewhat cautious in an attempt to avoid alienating the West
Chinese gas demand set to rebound
The Asian giant’s LNG imports slumped last year but look likely to recover in 2023
Chinese energy demand gets back on track
The signs point towards a comeback in 2023, but uncertainty around Covid remains a factor
Russian firms exit Europe’s shrinking refining sector
Hampered by sanctions and ill will, Russian majors are departing Europe, but refiners’ focus was already moving east
Letter from China: Rebounding demand meets economic headwinds
Opec+ and the IEA have both revised up 2023 forecasts for Chinese oil demand in recent weeks
Establishment refiners are fighting back in China
China Refining
Ahmed Mehdi
16 July 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

China’s independent refiners reel from tax blow

Preferred feedstocks are now subject to levies, as establishment refiners use political clout to bite back

China’s independent refiners have been a staple of Asia’s trading scene ever since Beijing liberalised crude imports in 2015. Having built their reputations in the mid-late 2000s as important sources of marginal supply—state-controlled refiners having failed to keep up with domestic product demand—China’s independents have grown in complexity, sophistication and profitability. But a new consumption tax is now targeting light cycle oil (LCO), mixed aromatics and diluted bitumen, all feedstocks used by the independents. What are the implications for trade flows? New force Erroneously called ‘teapots’ by some, China’s independents have built sophisticated trading arms over the years, emerging a

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Goldman’s Currie interview part 1: Banking crisis to slow, not derail, oil’s upward trajectory
27 March 2023
Head of commodity research sees prices heading back above $90/bl by the end of the year despite scarring effects of crisis slowing oil’s rise
Saudi-Iran deal first step to boosting regional oil security prospects
24 March 2023
But there is less optimism on additional Iranian exports, and many near-term risks remain
Russia finds the ships to access new product markets
24 March 2023
Refining runs and questions over blending—not vessel availability—are likely to determine Russian product export volumes
China’s recovering oil demand may not be all it seems
24 March 2023
Rise in imports may be more to do with stockpiling ahead of summer than actual increased consumption

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search