日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

OPEC turn down Chinese requests for extra oil

(Agencies) Updated: 2015-05-21 10:18

OPEC turn down Chinese requests for extra oil

The headquarters building of CNPC (China National Petroleum Corporation), parent company of PetroChina, in Beijing, China, 13 July 2014. [Photo/IC]

Saudi Arabia and its main Middle East OPEC partners are turning down Chinese requests for extra oil as they hold back fuel for their own refineries just as demand from the world's biggest crude importer hits new records.

While the Saudi and other refusals for additional crude supplies may not be part of a new pricing strategy, the rejections to their biggest client help explain a 40 percent rise in oil prices this year as Chinese importers have had to seek more oil from other suppliers in what analysts say is still an oversupplied market.

Senior Chinese oil traders told Reuters the Saudis have turned down requests from Chinaoil and Unipec - the respective trading arms of PetroChina and Sinopec - for extra cargoes of crude for May and June loadings, forcing them to seek supplies from producers in West Africa, Oman and Russia.

Saudi Arabia "used to provide as and if we asked for extra cargoes on top of contract during the first four months of the year, but not for May and June," said a trader with one of China's biggest oil importers on condition of anonymity as he had no permission to talk to media.

Another source with a Chinese refinery that takes Saudi oil said Saudi heavy crude was "a bit tight" in May and June.

Reuters pricing and trade flow data show a 40 percent rise in Brent crude since January has coincided with a more than 10 percent fall in overall Middle East supplies to China , although in historical terms they remain high.

"Our analysis shows that Saudi flows to China have fallen quite a bit in May and their overall market share in China has also fallen," said Yan Chong Yaw, Director of Thomson Reuters Oil Research and Forecasts in Asia.

The research group's latest China crude report shows Saudi Arabia's share of Chinese imports dropped to just over 30 percent in May from 36.5 percent in April.

Saudi Aramco, which was not available for comment, had already reduced contractual supplies to some Japanese and South Korean customers in April.

The trader with one of China's big importers said requests for more crude to Kuwait and the United Arab Emirates - Saudi Arabia's closest partners in the Organization of the Petroleum Exporting Countries (OPEC) - were similarly turned down.

PetroChina and Sinopec officials were not available and seldom comment on trading activity.

With imports of 7.4 million barrels per day (bpd), China overtook the United States as the world's top crude oil buyer in April.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲天堂视频在线 | 国产三级福利 | 一区免费视频 | 激情五月网站 | 最新黄色av网站 | 国产人成一区二区三区影院 | 国产a免费视频 | 在线观看成人网 | 欧美日韩中文字幕一区二区 | 免费特级黄毛片 | 亚洲在线 | 婷婷色一区二区三区 | 亚洲另类天堂 | 影音先锋毛片 | 国产专区一区二区三区 | 日韩高清不卡一区 | 看黄色一级片 | 日本一区二区视频在线 | 亚洲欧美精品 | 青青久久久 | 在线观看视频你懂的 | 欧美一级片在线免费观看 | 三级中文字幕 | 国产网站91 | 黄色免费在线观看视频 | 综合激情网站 | 91狠狠干 | 91在线资源 | 欧美色图自拍 | 国产一级免费看 | 亚洲激情综合 | 成人免费视频一区 | 欧美整片在线观看 | 免费欧美一级 | 欧美日视频| 亚洲美女啪啪 | 最新日本中文字幕 | 伊人久久五月 | 国产在线观看成人 | 91看片看淫黄大片 | 婷婷天天 |