China: Record Gas Output, Oil At 9-Year High - MEES 1: China Gas Output Hit Record 21 6bcm For March With Crude Just Shy Of Record Highs 2: China Gas Demand* Hit Record 109bcm For Q1 With Both Output And Import Records (bcm)
China Crude Imports: Down Again | MEES The IEA, in its latest Oil Market Report on 15 October, again downgraded its 2024 China demand growth forecast to 150,000 b d, ‘Exhibit A’ in its overall bearish take on global demand (MEES, 18 October)
China: Crude, Gas Import Records - MEES Whilst official by-country import data are not yet available for December, adding the latest figures from data intelligence firm Kpler to official Jan-November stats shows that Russia surged ahead of Saudi Arabia as China’s top supplier for 2023 (MEES, 10 November 2023)
China Runs Remain Low | MEES Latest official Chinese oil stats continue to indicate weak demand Refinery runs of 13 95mn b d for August were level with July at their lowest level since 2022 with the year-to-date average of 14 18mn b d down 2% year-on-year
China: Record Russian Piped Gas Imports | MEES China may have posted a 12% rise in its LNG imports so far this year (see main story) But the 4 9mn tons (6 7 bcm of gas) rise in its LNG import volumes actually represents just 37% of the 18 2bcm rise in the country’s gas consumption for 8M 2023 (see chart 1)
China: Record Gas Imports - MEES *China LNG imports remain on track for a record year with April seeing another bumper month April’s imports of 6 22mn tons are up almost 1 5mn tons on a y