Home Freight News China’s CNOOC makes rare diesel imports, trading sources say

China’s CNOOC makes rare diesel imports, trading sources say

China’s CNOOC makes rare diesel imports, trading sources say

China’s state-run CNOOC has booked two diesel shipments totalling about 50,000 tonnes for early November delivery into south China, a rare purchase spurred by a strong domestic diesel market, several trading sources said on Friday.

China has been a net diesel exporter in recent years but a reduction in domestic refinery throughput since June has tightened supplies and led to a rally in wholesale prices of the main transportation and industrial fuel.

The government’s clampdown on light cycle oil, a blending component for diesel, by imposing a hefty tax on imports also cut into supplies.

“Very strong domestic diesel prices have created a window to bring in imported diesel,” said one source.

A widespread power curb as well as soaring natural gas prices have also lent support to diesel, as some industrial and commercial consumers shifted to standalone diesel generators and truck fleets switched to more diesel use from natural gas.

Wholesale diesel prices have soared nearly 60% since September to around 8,000 yuan ($1,252) per tonne in east China’s Shandong province.
Source: Reuters (Reporting by Chen Aizhu and Koustav Samanta; Editing by Edmund Blair)

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

actress jyothi orgymovs.info telugu aunty xvideos hinbi sax ganstavideos.com sexxx vdo مقاطع سكس امهات felltube.com افلام جنسية مترجمة عربى dasesaxe xxxhindiporn.net porn video 3gp xxxnew pinkpix.net bangladeshi blue flim
www com xxx vdeo tubepornfilm.mobi freshpornclips نيك حامد freesextube.org ام تتناك india sex live bigassporntrends.com hidi xxx com bukkake comics hentaiclan.com supergirl hentai comic سكس حفله muarab.net نيك من السباك
ng bahay pinoyteleseryelove.com deped laptop mallu actress hot video dirtygfs.net london sex video brawling go 112 hentaihug.com sister cleaire karla estrada children replayteleserye.com gagamit سكس ميا arabianporns.com شم طيز