China’s oil product exports soar in H1 2016
The country’s crude demand may be slowing but sales are ramping up
China's oil products exports increased by 30% in the first half of this year, buoyed by higher government quotas, slowing domestic demand and record-breaking shipments in June. Between January and June, China exported 170.85m barrels (22.2m tonnes) of oil products, according to data released by the Joint Oil Data Initiative. That's 51.1m barrels higher than in the first half of 2015 - a rise of around 30%. Export volumes in June reached a record 33.38m barrels, with flows averaging 1.11m barrels a day. That is China's highest-ever daily export level and an increase of 242,460 b/d from June 2015. Across the entire month of June, exports were almost 7.3m barrels higher than a year earlier - a
Also in this section
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
