China Stock Movements - July 2017

Source: OPEC 7/26/2017, Location: Asia

The latest information for China showed that total commercial oil inventories fell by 5.3 mb in May for the third consecutive month to settle at 376.6 mb, which is 20.1 mb lower than the previous year. Within the components, crude stocks rose by 1.0 mb, while product stocks fell by 6.3 mb, m-o-m.

In May, commercial crude stocks rose by 1.0 mb, for the second consecutive month to stand at 222.3 mb, which is 8.8 mb below last year at the same time. This build was driven mainly by higher crude imports as an increase in crude runs and domestic crude production limited further builds in crude oil stocks.

In contrast, total product stocks in China fell by 6.3 mb in May to stand at 154.2 mb, which is 11.3 mb below the same time a year ago. Within products, diesel and kerosene inventories saw declines, while gasoline stocks witnessed builds.

Diesel inventories fell sharply in May by 6.1 mb for the third consecutive month to stand at 64.2 mb, which is 11.7 mb below a year ago at the same time. The decline was mainly driven by strong demand, which increased by a massive 7% supported by heavy industry, mining and infrastructure activities.

Kerosene stocks also fell in May by 0.5 mb to stand at 18.7 mb, which is 0.4 mb lower than the same time last year.

In contrast, gasoline stocks rose by 0.3 mb in May to stand at 71.3 mb, which is 0.8 mb higher than the same period a year ago. The build was driven by higher gasoline output due to the increase in crude oil throughput.


Saudi Arabia >>  4/9/2021 - Aramco has signed a deal with a consortium led by EIG Global Energy Partners (“EIG”), one of the world’s leading energy infrastructure investors, to o...
Norway >>  3/31/2021 - As a result of successful joint venture as pool managers, we are pleased to announce that we have agreed to expand our services to “MaruKlav 2.0” offe...

United States >>  3/31/2021 - Chart Industries Inc., a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the clean energy and ind...
Australia >>  3/30/2021 - Santos, as operator of the Barossa joint venture, has announced a final investment decision (FID) has been taken to proceed with the US$3.6 billion ga...

Scotland >>  3/29/2021 - KRG Engineering (KRG), a leading turnkey precision engineering specialist, announces its ambitious global growth plan across a number of sectors, incl...
Taiwan >>  3/29/2021 - Camfil has commenced operation at its new plant in Tainan, Taiwan which will contribute in a circular systematic way to benefit the business, and the ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.