China’s oil Firms to Boost Product Exports Modestly with new Quota Allocation

Beijing has released the third batch of oil products export quotas, totalling 2.93 million mt, which will allow the five Chinese state-run oil companies to boost exports modestly from the low levels recorded in September. The new allocation comprises quotas of 740,000 mt for gasoline, 590,000 mt for gasoil and 1.6 million mt for jet
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Shortage of thermal coal supply in India has pushed imports up to 85 million tonnes (mt) in the first half of the current fiscal compared to 75 mt logged in the same period last year. In fact, imports by non-regulated sectors such as cement, aluminium and steel accounted for about 68 per cent of the
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According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4. But more precisely, Iran’s shipment figures – crucial to oil markets – are already a mystery. Iran’s oil exports are becoming
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PUNE: Indian sugar mills have traded 8.3 lakh tonnes of sugar, if the 50 lakh tonne that they have to export during 2018-19 sugar season with Uttar Pradesh accounting for more than half of the contacts, said traders at a conference organised by All India Sugar Trades Association (AISTA). Most of the 8.3 lakh tonnes
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Urals crude oil exports from Russian Baltic ports were set to fall to 5.5 million tonnes in November from 6.3 million tonnes in a revised loading plan for October, according to a final lifting plan for next month seen by Reuters on Monday. That is up by 100,000 tonnes from the 5.4 million tonnes in
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A ship carrying U.S. soybeans changed destination from China to Vietnam on Saturday as exporters find new buyers for American supplies amid an escalating trade war. Bulk carrier Audacity left Louis Dreyfus’ Pier 86 terminal in Seattle on Oct. 21 for Qingdao, China with 69,244 metric tons of soybeans, according to U.S. Department of Agriculture
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The Indian National Shipowners’ Association (INSA) has written to the Prime Minister seeking reversal of a recent decision of the Shipping Ministry to allow PSU oil companies to buy 35 per cent of crude imports on CIF/CFR basis. It believes that such a decision will lead to an outflow of $771 million (₹5,685 crore) to
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Teething issues with South Korea’s S-Oil Corp’s new residue upgrading unit at its Onsan refinery has led the refiner to export excess product, a source close to the matter said this week. S-Oil’s new 76,000 b/d high-severity residue fluid catalytic cracker, or HS-RFCC, at its 669,000 b/d refinery in Onsan, commenced commissioning in April this
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Brazilian soybean exports in 2018 may surpass a previous record forecast as demand from China remains strong in the final months of the year, when shipments normally dwindle, soy industry group Abiove said. Abiove had forecast in early October that Brazilian soybean sales would reach 77 million tonnes in 2018, which would be unprecedented. But
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Export-Import Bank of India (Exim Bank) organised a seminar on trade and investment opportunities in Latin America and Caribbean (LAC) region to explore the substantial untapped potential for Indian exporters which present opportunities for India due to their high import demand in the LAC region.   The seminar was organised on the sidelines of a visit
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