In the first half of crude oil imports hit a record high

Imports crude oil history US dollar

meirijingjixinwen· 2016-08-03 05:46:18

the General Administration of Customs released the latest data show that the first half of China crude oil imports 1.865 tons, up 23 million 150 thousand tons more than last year; the growth rate of 14.2%, higher than that in 2013, 2014 and 2015 4%, 9.5% and 8.8%. Among them, in March of this year, in April and May, the monthly import volume of more than 32 million tons, are the highest level in history.

experts believe that the oil is located in the floor price, the gradual liberalization of imports and other policies are the main reason for the first half of a large number of imports of crude oil. However, with the recent international oil prices once again downward signs, coupled with the slowdown in domestic demand, the late oil sales pressure will increase further.

in recent years, the international oil market supply and demand pattern changes rapidly. 2014 international oil prices fell from more than $100 a barrel to around $60 a barrel in the year, and in 2015 completely into the doldrums. In the face of falling international oil prices, in January 13, 2016, the national development and Reform Commission announced to set a floor price for refined oil price adjustment, namely when the international market oil prices below $40 a barrel, maximum retail price of gasoline and diesel is not reduced.

affected by this policy, China's crude oil imports soared from 26 million 690 thousand tons in January to 31 million 800 thousand tons in February. As international oil prices fell below $30 a barrel in February, China's crude oil imports jumped to an all-time high of 32 million tonnes in March and remained high for several months.

according to the national development and Reform Commission data, in the first half of this year, China's crude oil production fell by 4.8%, while crude oil processing volume increased by 8.9%. This shows that the oil companies to cheaper imports of crude oil instead of domestic.

to promote the surge in crude oil imports another force is private oil refining enterprises. Data from the national development and Reform Commission, as of now there are 15 companies to obtain import crude oil quota, the total amount of more than 60 million tons. A private oil refinery relevant responsible person told the reporter, after the release of the right to import crude oil, the company imported crude oil is relatively concentrated, especially in the end of last year approved a number of import quotas. "The sudden increment and the port throughput capacity and storage capacity does not match, once caused the backlog of Qingdao port oil tanker. According to Xinhua News Agency

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