China's July crude oil throughput rose 4% from a year earlier, official dat...
BEIJING/SINGAPORE - China’s July crude oil throughput rose 4% from a year earlier, official data showed on Wednesday, buoyed by improved refinery profit-margins and as new plants started production.
However, that was down over 5% from June’s record of 13.07 million bpd, amid mounting supplies from more efficient, giant producers. But Jin added that this recovery in profits could be temporary as China’s oil refining industry still has ample overcapacity and plentiful supply of refined oil products.
“China’s refined oil exports mainly flow to Southeast Asia. The launch of this new refinery will elbow out Chinese refined products and exacerbate the oil glut, which will further cut profit-margins at refineries,” said Jin.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China January-July FDI up 7.3% year on year in yuan termsForeign direct investment (FDI) in China rose 7.3% from a year earlier to 533.14...
Leer más »
China's industrial output growth slows in JulyBEIJING--Value-added industrial output in China rose 4.8% in July from a year earlier, slowing from the 6.3% increase in June, the National Bureau of Statistics said Wednesday. July's rise undershot a median forecast for 5.9% growth, according to a poll of 13 economists by The Wall Street Journal. Fixed-asset investment in China's urban areas rose 5.7% in the January-July period from a year earlier.
Leer más »
U.S. Inflation Picks Up in July as Core Prices StrengthenU.S. consumer prices rose at a robust pace in July on the back of higher prices for energy and most other goods and services, a possible sign that inflation is finding its footing after a weak start to the year.
Leer más »
Malaysia's July CPI up 1.4% year on year, slightly below forecastMalaysia's consumer price index rose 1.4% in July from a year earlier, a bi...
Leer más »
China's July steel output eases on environmental curbs, shrinking marginsChina's monthly crude steel output fell for a second straight month in July...
Leer más »
UK public's inflation expectations pick up in July: Citi/YouGovBritish households' expectations for inflation over the next 12 months rose...
Leer más »