Free Trial

China’s Commercial Crude Storage Rate Falls on Week

OIL

China’s commercial crude storage rate fell by 0.42 percentage points on the week to 56.36% Dec. 20, according to OilChem.

  • Crude oil and bitumen mixtures storage rates averaged 58.85% as of Dec. 20, down 0.16 percentage points on the week and 2.22 percentage points on the year.
  • Among Shandong’s teapots, crude storage utilisation rates averaged 44.93% on Dec. 20, down 1.47 percentage points on the week.

To read the full story

Close

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.