China fuel oil yield remains below 4% as industry awaits cues on tax rebates

China’s fuel oil yield will likely not rise as significantly as initially envisaged from the current 3.6% until Beijing provides tax rebates for the supply of domestically produced fuel oil to bonded bunker fuel ports and for export, industry sources told S&P Global Platts this week. State-owned...

https://www.hellenicshippingnews.com/china-fuel-oil-yield-remains-below-4-as-industry-awaits-cues-on-tax-rebates/

Sinopec to launch $5.7 bln S.China refinery in Q2 2020, seek Kuwaiti oil -sources

China’s Sinopec Corp is set to launch a new $5.7 billion refining and petrochemical complex in the south of the country in second-quarter 2020 using crude oil from Kuwait as a key feedstock, industry officials with knowledge of the matter said. The project being developed by Asia’s top refiner, a...

https://www.hellenicshippingnews.com/sinopec-to-launch-5-7-bln-s-china-refinery-in-q2-2020-seek-kuwaiti-oil-sources/

Refinery Margin Tracker: USAC ups imports of blendstocks, crude imports fall

Tighter US Atlantic Coast refinery capacity is supporting stronger margins for domestic crudes while replacing imported crudes with blendstocks as they seek to fill the gap left by the shutdown of Philadelphia Energy Solutions earlier this year, an analysis from S&P Global Platts showed Monday. The...

https://www.hellenicshippingnews.com/refinery-margin-tracker-usac-ups-imports-of-blendstocks-crude-imports-fall/