综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

China buys Colombian oil as global glut deepens

(Agencies) Updated: 2014-10-25 08:37

China buys Colombian oil as global glut deepens

An oil tanker unloads imported crude oil at the Shihua crude oil wharf in Zhoushan, Zhejiang province. China consumed the second-biggest amount of crude on record in September and imported the largest volume ever for that time of year. Yao Feng / For China Daily

China is finding oil supplies 14,000 miles (22,530 kilometers) away, aided by the global fall in prices that has left producers vying for new markets.

PetroChina Co said it has bought Colombian crude for a northern refinery for the first time because it was good value, in a transaction which underscores how the world's second-biggest oil consumer is benefiting as producers from the Middle East to Latin America vie for customers in Asia.

Brent oil futures tumbled to the lowest level since 2010 as the highest US output in almost 30 years cuts its consumption of foreign crude. The biggest producers from the Organization of the Petroleum Exporting Countries are reducing prices to defend their market share.

China consumed the second-biggest amount of crude on record in September and imported the largest volume ever for that time of year, customs data show.

"China will just look to get the cheapest crude possible from whatever source it can," said Virendra Chauhan, a London-based analyst at Energy Aspects Ltd.

"I expect lots more volumes flowing to China in particular."

The country's crude imports rose 7.8 percent to 27.6 metric million tons, or 6.74 million barrels a day, in September from last year, the data show.

The number of supertankers sailing to China's ports surged to a nine-month high last week, according to IHS Fairplay vessel-tracking signals compiled by Bloomberg as of Oct 17.

Between January and September, China's purchases of Colombian crude totaled 7.8 million tons, more than twice the amount the year earlier, customs data showed. Shipments from Saudi Arabia, its biggest supplier, shrank about 11 percent to 36.6 million tons, according to the data.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
巫溪县| 崇明县| 城固县| 沿河| 新津县| 灵丘县| 衡东县| 习水县| 泗阳县| 长寿区| 彰武县| 高雄市| 静宁县| 岱山县| 米林县| 阿拉善盟| 萝北县| 德庆县| 沙田区| 松原市| 高阳县| 石河子市| 新余市| 长海县| 手游| 潮州市| 凤台县| 鄄城县| 利辛县| 桂阳县| 夹江县| 嵩明县| 金川县| 从化市| 宜川县| 汕头市| 永昌县| 林芝县| 白沙| 伊吾县| 富民县|