LONDON :China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilised their expanded yearly export quotas.China exported 2.79 million tonnes of diesel in December, representing a
LONDON :China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilised their expanded yearly export quotas.
Gasoline exports were 1.91 million tonnes in December, the highest since October 2020, and up from 1.49 million tonnes the month before.Refiners continue to offload inventory abroad to make full use of their yearly export quotas after a year in which COVID-19 restrictions have choked domestic fuel demand.
The government recently announced its first refined product export quota for 2023 at around 19 million tonnes as it seeks to further help demand.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Dec industrial output up 1.3%, retail sales down 1.8%BEIJING : China's industrial output grew at a modest 1.3 per cent pace last month year-on-year, official data showed on Tuesday, easing from a 2.2 per cent rise in November, as manufacturing activity was hit by the rampant spread of COVID infections that bound workers indoors.The growth rate was stronger
Read more »
China coal output in Dec slips on COVID; rises to record in 2022SINGAPORE : China's daily coal output in December fell from November's record as the country's rapidly expanding COVID-19 outbreak has sickened miners and slowed demand from industrial users.China produced 402.69 million tonnes of coal last month, data from the National Bureau of Statistics (NBS) showed o
Read more »
China Dec steel output rises from prior month, annual output fallsChina's December steel output rose 4.5 per cent from the prior month, official data showed on Tuesday, as demand for the material used in construction increased following stepped-up government support for the property sector. China, the world's largest steel maker, produced 77.89 million tonnes last month
Read more »
China's diesel, gasoline exports rise in Dec, total 2022 volumes fallLONDON : China's diesel exports rose for a second month in December, while gasoline exports climbed for a third month, as the country's COVID outbreak limited domestic fuel demand, and refiners utilised their expanded yearly export quotas.China exported 2.79 million tonnes of diesel in December, represent
Read more »
China’s navy conducts South China Sea combat drills involving aircraft carrierIt indicates the vessel's readiness for long-distance, large-scale operations, says military observer. Read more at straitstimes.com.
Read more »
Singapore's non-oil exports fall 20.6% in December; third straight month of declineSINGAPORE: Singapore's non-oil domestic exports (NODX) fell for the third straight month in December due to weak global demand. NODX fell by 20.6 per cent year in December from a high base a year ago, following the 14.7 per cent decrease in November. According to data released by Enter
Read more »