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OIL: China Issues 152.49 mn metric tons of Oil Quotas for 2025: Reuters

OIL
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China has issued at least 152.49 million metric tons of crude oil import quotas to independent refiners in a second batch for 2025 so far according to Reuters sources. 

  • It brings the total volume issued for 2025 so far to 158.33 million tons (3.17 million barrels per day) versus a total of 179.01 million tons for 2024.
  • Beijing has set a broad cap of 257 million tons for non-state importers, higher than the 243 million tons for 2024.
  • Newly commissioned Yulong has received 12 million tons of quota for 2025.
  • Shenghong Petrochemical was given 16 million tons which is also a full-year quota.
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China has issued at least 152.49 million metric tons of crude oil import quotas to independent refiners in a second batch for 2025 so far according to Reuters sources. 

  • It brings the total volume issued for 2025 so far to 158.33 million tons (3.17 million barrels per day) versus a total of 179.01 million tons for 2024.
  • Beijing has set a broad cap of 257 million tons for non-state importers, higher than the 243 million tons for 2024.
  • Newly commissioned Yulong has received 12 million tons of quota for 2025.
  • Shenghong Petrochemical was given 16 million tons which is also a full-year quota.