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China's Crude Imports Surged 25% in July

Aug 07, 2020

China's crude imports surged 25% in July from a year earlier, as massive purchases made while prices collapsed in April arrived and as some shipments delayed at ports in June finally cleared customs.China, the world's top crude oil importer, brought in 51.29 million tonnes of oil last month, equal to 12.08 million barrels per day (bpd), data from the General Administration of Customs showed on Friday…

China's Surging Crude Imports Mask Weakness in the Rest of Asia

Jul 27, 2020

The ongoing flood of crude oil into China is obscuring the fact that demand in the rest of Asia remains weak, and that countries in the world's top-consuming region didn't join China is stocking up when prices slumped.China's crude imports set consecutive records in May and June…

China's Oil Port Congestion to Stretch On Well into August

Jul 23, 2020

Congestion at China's east coast oil ports that is adding to costs for shippers and importers is likely to run well into August, with crude shipments set to hit another record high this month, according to analysts and Refinitiv data.The massive inflows are straining offloading facilities…

Current News

OPEC Downgrades Oil Demand Forecast

OPEC Downgrades Oil Demand Forecast

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Orsted Looking to Farm Down Stake in Borssele 1 & 2 Offshore Wind Project

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Oilfield Services Employment Diving to 10-Year Low

Awilco Drilling Posts $4,6M Loss. Eyes Funding Options for Newbuild Rig

Awilco Drilling Posts $4,6M Loss. Eyes Funding Options for Newbuild Rig

Solstad Nets Offshore Wind Deal for Normand Baltic Vessel

Solstad Nets Offshore Wind Deal for Normand Baltic Vessel

Petronas, FASTsubsea Working on 'Low-cost' Subsea Multiphase Pump

Petronas, FASTsubsea Working on 'Low-cost' Subsea Multiphase Pump

Solstad Nabs More Work for Offshore Vessel Trio in Australia

Solstad Nabs More Work for Offshore Vessel Trio in Australia

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