Sinopec to export diesel in second half, worsening Asian glut

09/06/1999
China Petrochemical Corp. (Sinopec) has decided to export 500,000 metric tons of diesel during the second half of this year, worsening the regional glut of the product.The announcement came just as the Asian market was struggling to cope with a supply glut against a backdrop of thin demand.Instead of helping to absorb the Asian cargoes, China has imposed a ban on diesel imports. It also imposed a fishing ban in the South China, East China, and Bohai seas, which has greatly reduced domestic diesel consumption, thereby contributing to the supply glut. China is short of diesel and used to import about 6 million tons/year before it banned diesel imports last September because of rampant smugg...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected