Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



China’s gasoline stockpiles rise to four-year high

04.25.2014  | 

Fuel supplies climbed as refiners boosted operating rates, according to OGP. Companies including China Petrochemical & Chemical Corp. and PetroChina Co. processed 41.9 million tons of crude last month.

Keywords:

By JING YANG
Bloomberg

Gasoline and kerosene stockpiles in China, the world’s second-largest oil consumer, rose to the highest levels in at least four years even as exports of the fuels surged last month.

Gasoline inventories increased by 1.8% in March from a month earlier while kerosene supplies gained 4.5%, China Oil, Gas & Petrochemicals, a newsletter published by the official Xinhua News Agency, said on Friday. 

Stockpiles expanded to an estimated 7.48 million metric tons and 1.87 million, respectively, the highest since January 2010 when Bloomberg started compiling the data.

Fuel supplies climbed as refiners boosted operating rates, according to OGP. Companies including China Petrochemical & Chemical Corp. and PetroChina processed 41.9 million tons of crude last month, or about 9.9 million bpd, up 2.6% from a year ago, data from the National Bureau of Statistics in Beijing showed on April 16. 

China exported the most gasoline in more than three years in March and shipped the second-highest volume of jet fuel, the General Administration of Customs reported this week.

Diesel stockpiles dropped 5.7% last month while commercially held crude inventories fell 2.9%, according to OGP. The newsletter stopped reporting volumes in July 2010.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


67%

33%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.