Free Trial
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.
REFINING
Refined oil production in China is estimated to decline 4.3m tonnes or 10.8% m-o-m in November while CDU capacity utilization rates fall 4% to 71.6% according to OilChem Throughput is expected to fall nearly 6m tonnes.
- Gasoline production is expected to fall 1.4m tonnes gasoline, Gasoil by 2.3m tonnes gasoil, and kerosene by 0.6m tonnes amid weakening demand.
- Independent refineries average capacity utilization rates have fallen to 63% from 70.34% in early October amid narrowing refining profits and limited crude supply due to falling quotas.
- Capacity utilization rates at state-owned refineries are expected to maintain the declining trend in place since October.
- Planned gasoline exports are expected to fall 0.5m tonnes in November, gasoil down 0.5m tonnes, and kerosene down 0.3m tonnes.
Source: OilChem
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok