This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/business/534975-china-cuts-oil-imports/
The article has changed 2 times. There is an RSS feed of changes available.
Previous version
1
Next version
| Version 0 | Version 1 |
|---|---|
| China cuts oil imports & ramps up purchases of natural gas | China cuts oil imports & ramps up purchases of natural gas |
| (about 1 month later) | |
| The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says. | The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says. |
| From January to August, China imported 346.36 million tons of oil, which is 5.7% less than in the same period last year. At the same time, the country increased the volume of natural gas imports by 22.2%, to 79.31 million tons. | From January to August, China imported 346.36 million tons of oil, which is 5.7% less than in the same period last year. At the same time, the country increased the volume of natural gas imports by 22.2%, to 79.31 million tons. |
| As specified in the document, in August alone, China purchased 44.53 million tons of crude (down 6.2% year on year) and 10.44 million tons of gas (up 11.5%). | As specified in the document, in August alone, China purchased 44.53 million tons of crude (down 6.2% year on year) and 10.44 million tons of gas (up 11.5%). |
| Meanwhile, domestic oil production over the past eight months increased by 2.4%, amounting to 133.22 million tons. Domestic refining was also up by 7.4% to 470.79 million tons. | Meanwhile, domestic oil production over the past eight months increased by 2.4%, amounting to 133.22 million tons. Domestic refining was also up by 7.4% to 470.79 million tons. |
| According to the report, China’s energy companies produced 136.1 billion cubic meters of gas in the reporting period (an increase of 10.8%). Over the past month alone, the country’s gas production increase amounted to 15.9 billion cubic meters, which is 15.5% higher than before the pandemic in August 2019. | According to the report, China’s energy companies produced 136.1 billion cubic meters of gas in the reporting period (an increase of 10.8%). Over the past month alone, the country’s gas production increase amounted to 15.9 billion cubic meters, which is 15.5% higher than before the pandemic in August 2019. |
| Previously, China’s crude oil imports rebounded in July from a six-month low after state-backed refiners set out to increase output after returning from maintenance. However, independent refineries slowed their restocking due to official probes into trading and taxes. | Previously, China’s crude oil imports rebounded in July from a six-month low after state-backed refiners set out to increase output after returning from maintenance. However, independent refineries slowed their restocking due to official probes into trading and taxes. |
| Beijing has been carrying out investigations since April regarding illegal trading of import quotas, in part to lower a fuel surplus that has been hard on state-owned refiners’ profits. | Beijing has been carrying out investigations since April regarding illegal trading of import quotas, in part to lower a fuel surplus that has been hard on state-owned refiners’ profits. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
Previous version
1
Next version