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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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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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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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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The Commerce Ministry is working on a strategy to revitalise India’s exports, working with key exporting ministries to formulate sectoral, commodity and territory specific export strategy. Meetings with concerned ministries and stakeholders have been held, after which a matrix of specific action points have been prepared sector-wise, commodity-wise and territory-wise, said Union Minister of Commerce
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China’s finance ministry said it will adjust tax rebates on a wide range of export products including soymeal, a widely used animal feed ingredient, from Nov. 1. China is scrapping the soymeal export rebate even as it seeks to reduce consumption of soymeal by its huge livestock herd after slapping a 25 percent tariff on
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Iraq will stop trucking crude from its northern Kirkuk oilfield to Iran in November to comply with sanctions imposed on its neighbour by the United States, two sources familiar with Iraqi oil export operations said on Friday. Currently, Iraq is exporting less than 30,000 barrels per day (bpd) to Iran via truck, the sources told
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  US crude supply expanded for a fifth consecutive week last week as still-low crude runs at US Midwest and Gulf Coast refiners dented crude demand, US Energy Information Administration data showed Wednesday Total commercial crude inventories increased by 6.35 million barrels to 422.79 million barrels during the week ended October 19, the EIA data
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NEW DELHI: Five more rice mills have been cleared for exporting non-basmati rice, from India to China, taking the total to 24 rice mills. The first consignment of non-basmati rice, of 100 tonnes, was shipped to China, from Nagpur, in September this year.       In May this year, officials from China inspected rice mills that are
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NEW DELHI: With export incentive schemes no longer viable for supporting falling garments exports, the Centre needs to design “smart”, alternative subsidies for textile manufacturers that cannot be challenged at the World Trade Organization linking them to employment, technology and services used, a recent study by a Delhi-based think tank has suggested. “Rationalisation of import
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