Saturday, 21 July 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
China Crude Imports Top U.S. in 2017 as New Plants Boost Demand
Friday, 12 January 2018 11:32 WIB | GLOBAL |AmerikaGlobalchina

China passed the U.S. as the largest importer of oil last year as new refining capacity and independent buyers boosted demand.

Inbound shipments averaged about 8.43 million barrels a day in 2017, up about 10 percent from a year earlier, according to Bloomberg calculations using General Administration of Customs data released Friday.

Imports may jump another 10 percent this year, according to BMI Research, as the country seeks to offset declines in domestic output and regulatorsexpanded overseas oil quotas. China raised the allowance for use of overseas oil by non-state companies for 2018 by 63 percent, according to the Ministry of Commerce, a further boon to the country™s buying.

The nation™s expanding appetite for crude was buoyed last year by an expansion at China National Offshore Oil Corp.™s flagship Huizhou refinery and the startup of PetroChina Co.™s new plant in Yunnan. Friday™s data showed the world™s largest energy user imported a total of 420 million metric tons of crude last year, up 10.1 percent from 2016.

Overseas shipments into the U.S. were about 7.9 million barrels a day last year, according to Bloomberg calculations using weekly government data.

Source : Bloomberg

RELATED NEWS
Pompeo : US Won't Allow Russian Questioning of Former US Ambassador...
Saturday, 21 July 2018 03:31 WIB

Amerika tidak berniat mengizinkan Rusia menginterogasi Michael McFaul, mantan duta besar Amerika untuk Rusia, yang juga pengecam keras Presiden Rusia Vladimir Putin, kata Menteri Luar Negeri Mike Pomp...

Russia, China Delay US Push for Halt of Refined Petroleum to North Korea...
Friday, 20 July 2018 17:50 WIB

Rusia dan China telah meminta lebih banyak waktu guna mempertimbangkan permintaan AS untuk menghentikan pengiriman produk minyak sulingan ke Korea Utara, kata para diplomat hari Kamis (19/7). AS memi...

Trump says he's 'not happy' with Fed raising interest rates...
Friday, 20 July 2018 11:29 WIB

Presiden Donald Trump pada hari Kamis mengatakan dia tidak senang dengan kenaikan suku bunga oleh Federal Reserve dan menyebutkan bank sentral bekerja berlainan arah dengan program ekonomi pemerintaha...

EU Preparing to Strike Back if Trump Slaps Tariffs on Foreign Cars...
Friday, 20 July 2018 03:36 WIB

Komisioner Perdagangan Uni Eropa Cecilia Malmstrom mengatakan blok Uni Eropa yang beranggotakan 28 negara itu bersiap-siap untuk melakukan pembalasan terhadap Amerika Serikat jika Presiden Amerika Don...

Facebook to Remove 'Fake News' That Leads to Violence...
Thursday, 19 July 2018 19:46 WIB

Facebook mengatakan akan mulai menghapus informasi palsu yang dapat memicu kekerasan dari situsnya. œAda bentuk-bentuk tertentu informasi yang salah yang telah menimbulkan kekerasan fisik di neg...

LATEST NEWS
Hong Kong shares close higher

Hong Kong stocks closed higher Friday, with Chinese shares ending above water for the first time this week as the weak yuan currency defied US President Trump's attack on a strong dollar. The Hang Seng Index rose 0.76 percent, or 213.62 points, to...

Pompeo : US Won't Allow Russian Questioning of Former US Ambassador

The U.S. has no intention of allowing Russia to question Michael McFaul, Washington's former ambassador to Moscow and a fierce critic of Russian President Vladimir Putin, Secretary of State Mike Pompeo told VOA on Thursday. "It's not going to...

Dollar sees biggest one-day drop in 3 weeks after Trump comments

The U.S. dollar got pummeled on Friday after President Donald Trump accused China and the European Union of currency and interest-rate manipulation that he says has put the U.S. at a disadvantage. The ICE U.S. Dollar Index traded 0.7% lower to...

POPULAR NEWS
Gold settles with a slight gain, avoids correction territory
Thursday, 19 July 2018 03:20 WIB

Gold prices settled slightly higher on Wednesday, ending a three-session streak of declines as a benchmark dollar index eased back toward session...

Gold Prices Pare Losses, But Still End at a 1-Year Low
Friday, 20 July 2018 00:55 WIB

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his...

Gold at Lowest in a Year as Dollar Emboldens Bears
Thursday, 19 July 2018 17:19 WIB

Gold trades at lowest in a year as Federal Reserve Chairman Jerome Powell™s comments on U.S. employment and inflation help to sustain...

Gold Heads for Weekly Decline as Rate Outlook in Focus
Friday, 20 July 2018 09:02 WIB

Gold drops to trade near lowest in a year as investors weigh Federal Reserve Chairman Jerome Powell's comments on interest rate...