• Home
  • News
  • Chinese refinery throughput falls in December
  • 2022 January 18 12:01

    Chinese refinery throughput falls in December

    Chinese refinery throughput declined by 690K b/d m-o-m and 300K b/d y-o-y to 13.89M b/d in December, falling after previously surging to a five-month high in November, according to data from the National Bureau of Statistics (NBS).

    Refiners ramped up their output in November to tackle a domestic diesel shortage and capitalise on healthy margins amid elevated gasoline and diesel prices, however this eased in December as the product market flipped into a surplus.

    Across 2021 throughput averaged a record 14.13M b/d, which is an increase of 620K b/d y-o-y, bolstered largely by refinery capacity expansions and robust fuel demand in the first half of the year. Further support was provided in 1H June by the introduction of import taxes on mixed aromatics and light cycle oil, which are used as blending materials in the production of gasoil and gasoline, as this required refineries to boost their runs in order to compensate for a reduced supply of these fuels.




2022 May 27

14:43 U.S. scrubber barge propelled by SCHOTTEL
14:22 Austal Australia delivers 15th Guardian Class Patrol Boat
13:44 The Port of Tallinn and the Port of Gdynia sign a letter of intent on cooperation in the field of hydrogen management
13:02 U.S. and French Navy ships to visit Helsinki
12:40 Special Economic Zone ‘Ust-Luga’ established in the Leningrad Region
12:12 Three Saudi ports hit world records on CPPI 2021
11:35 Kostroma Plant of Marine Equipment delivers survey ship of Project 3330
11:12 Shipbuilding, Ship Repair Corporation launches ceremony for yet another non-self-propelled dredger of Project 4395
10:24 Enauta’s FPSO Atlanta to be operated to ABS Class
10:07 Arkhangelsk based Association “Sozvezdye” supports Ship Repair, Modernization and Components Conference
09:38 Transmashholding and Sinara can design an engine for large ships – Yury Borisov
09:11 Crude oil futures decrease after a recent growth
08:52 MABUX: Bunker prices may continue to rise on May 27

2022 May 26

18:06 Russian Maritime Register of Shipping introduces ship’s carbon intensity calculation tool
17:54 Port Bronka continues talks with Belarussian companies on shipment of cargoes
17:29 Construction of new container ship for North-South transport corridor to take 14 months – USC President
17:06 Boskalis receives approval for sale KST and Maju to Rimorchiatori Mediterrane
16:48 Russian Maritime Register of Shipping develops alternative fuels requirements
16:18 Trade turnover between Saint-Petersburg and LAC can double to $5 billion amid EU sanctions
16:05 Antwerp to host The Tall Ships Races 2022 from Friday 22 to Monday 25 July
15:26 Vympel Shipyard launches Hydrographic Survey Vessel Yakov Lapushkin, Project 19910
15:04 Ardmore Shipping joins the All Aboard Alliance
15:00 Petronas LNG receives a new W-MAX Class LNG carrier
14:52 Second exchange area of the Vado Gateway Container Terminal now operational
14:03 ABP signs new concrete and aggregate partnership
13:55 Alexeev’s Hydrofoil Design Bureau laid down the fifth passenger hydrofoil Meteor 120R and launched the second one
13:14 Elogen partners with Valmax in Korea for the production of green hydrogen
13:12 Cherepovets shipyard launches its first vessel
12:31 NYK and PowerX form capital and business alliance
12:10 LR and partners unveil 'Silk Alliance' green corridor project
12:04 Nuclear-powered containership “Sevmorput” delivered 2,200 tonnes of cargo to Murmansk
11:35 Crowley inaugurates LNG facility in Peñuelas, Puerto Rico
10:23 Milaha announces resignation of President and CEO
10:09 Another batch of commercial cargo delivered from Novorossiysk to Tartus by Oboronlogistics' Sparta II
09:56 Palantir and Trafigura announce collaboration to deliver supply chain carbon emissions platform to market
09:17 Crude oil futures continue rising on US Department of Energy data
08:55 MABUX: Bunker prices may increase on May 26

2022 May 25

18:15 Maersk Supply Service wins long-term marine services contract in Angola
17:58 The first ship with Ukrainian ore left the port of Swinoujscie
17:34 Methanol exports from Russia expected to surge six-fold by 2030
16:58 Krasnoye Sormovo shipyard launches sixth dry cargo carrier of Project RSD59
16:43 Global insurers take $1.3B in losses from the Russia's operation in Ukraine in Q1 - S&P Global Market Intelligence
16:35 Aker Solutions to provide subsea production system for the Halten East development
16:35 Maran Gas extends Optimised Maintenance Agreement with Wärtsilä by an additional five years
16:13 Middle East container ports are the most efficient in the world
16:03 OBE Organic collaborates with Maersk on sustainable ECO Delivery
15:35 Saudi ports record 24.28% increase in cargo throughput volumes in April 2022
15:04 Equinor exits all JV in Russia
14:34 WIND lands the cable storage for TenneT’s Dutch and German offshore grid connection systems
14:06 Eastern Pacific Shipping receives first of six VLECs powered by ethane
13:54 Volvo Trucks Ghent starts production of battery packs for electric HGVs in North Sea Port
13:17 Severnaya Verf shipyard launches yet another trawler for Norebo
12:21 Ports of Stockholm welcomes a new cruise shipping company
11:59 Throughput of CPC Marine Terminal in 2021 rose by almost 3% YoY
11:31 LUKOIL completes acquisition of Russian retail and lubricants assets of Shell
11:04 Stena RoRo delivers extended E-Flexer RoPax to Stena Line
10:30 Xycle to start construction of its first plastic recycling plant in the port of Rotterdam at the end of 2022
10:02 IMO Working Group finalizes carbon intensity measures guidance
09:55 Crude oil futures rise on US reserves data
09:34 Port of Long Beach, AWS collaborate to improve cargo data