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Free AccessChina Issues First Fuel Export Quotas for 2024 In Line with 2023
China has released the first batch of fuel export quotas for 2024 almost unchanged from the first allocation issued in 2023 according to industry consultant JLC.
- The allocation is for a combined 19m tons with 14.4m tons given in general trade form and 4.6m tons in tolling arrangements.
- Sinopec got 7.44m tons
- Petrochina got 5.78m tons
- CNOOC 1.7m tons
- Sinochem 2.06m tons
- ZPC 1.73m tons
- Norinco 230k tons
- CNAF 60k tons
- The country has also issued the first batch low-sulfur fuel oil export quotas of 8m tons and flat to a year ago.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.