China adds oil storage capacity, issues import quota two months earlier than usual, as oil prices collapse

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

China, the world's largest oil importer, is adding oil storage capacity and issuing more crude oil imports quota to refineries as oil prices collapse.

The Shanghai International Energy Exchange has approved Petro China Fuel Oil Co. Ltd, a subsidiary of China National Petroleum Corp. Ltd to add storage for crude oil futures by 20 per cent to 500,000 cubic meters, it said Tuesday.

That marks the seventh such expansion the exchange has approved this month, with a total 4.15 million cubic meters of crude storage space added nationwide, including 2 million cubic . . .

Sign In or Subscribe To Get Full Access.

Join Us Now

We Are Live On THE WIRE Every Trading Day. Don't Miss Out. Grab Limited-Time Welcome Offer!

See Samples

Users' reviews

Mike379 💬

"I appreciate the site because it contains all the news necessary to follow China market. With the comprehensive coverage and live updates, I no longer need to scour multiple sources. It's saved me so much time and hassle."

D. Alonso 💬

"I've been using this platform for a while now, and one thing that impresses me is regulatory updates, on both national and regional levels, which is hard to find in other sources. This kind of information really helps me get a comprehensive and deeper understanding of what's happening on the ground."

CJ 💬

"I used to rely on more general mainstream sources for China market information, but I found their coverage was often too broad and random, lacking critical details and local context. Yuan Talks' more focused and systematic approach has changed the way I stay informed. If you're serious about navigating the China market, this platform is highly recommended."

Osterman 💬

"The platform has made tracking China market incredibly easy. I can quickly access all the information I need and effortlessly navigate through the platform to stay updated on the latest developments in the Chinese market."

J. Lee 💬

"Very comprehensive website about China, realtime news, professional views, industry data etc. Perfect place to go if you need to monitor China market."

They work with us

Sign Up For Free Weekly China Market Highlights HERE !