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China Onshore Crude Inventories Slipping: Vortexa

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Chinese onshore crude inventories have been drawing lower since late July according to Vortexa figures.

  • Higher volumes have come out of onshore stocks as prices on global markets have risen while helping to sustain a strong refining backdrop.
  • See Vortexa chart for onshore stockpiles.
  • Third batch China oil product export quotas released early Septmber are expected to support strong China refinery runs through October.
  • China’s fourth batch of crude import quotas for non-state owned refiners totalled 9.54m mt – below expectations according to OilChem Monday.
  • Exports of refined products from China in September are estimated to have been 4.01mn mt, up 28% m/m.


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Chinese onshore crude inventories have been drawing lower since late July according to Vortexa figures.

  • Higher volumes have come out of onshore stocks as prices on global markets have risen while helping to sustain a strong refining backdrop.
  • See Vortexa chart for onshore stockpiles.
  • Third batch China oil product export quotas released early Septmber are expected to support strong China refinery runs through October.
  • China’s fourth batch of crude import quotas for non-state owned refiners totalled 9.54m mt – below expectations according to OilChem Monday.
  • Exports of refined products from China in September are estimated to have been 4.01mn mt, up 28% m/m.


Keep reading...Show less