A Glance of China Oil Market 20251201

On the demand end, the gasoline consumption is likely to extend the seasonal lull, especially when there lacks support from holidays. For gasoil, the demand is expected to weaken with outdoor projects further slowing amidst falling temperature in northern China. In the southern China, the demand in logistics sector will shrink with ending double-eleven shopping festival.

A Glance of China Oil Market 20251201

Weekly News

China Oct refined oil exports up 14% MoM

According to data from the General Administration of Customs of the People's Republic of China (GACC), China's exports of refined oil, including gasoline, gasoil, and kerosene, totaled around 3.21 million tonnes in October, rising 13.72% from the previous month and 23.61% from the same period last year. Specially, China's gasoline and gasoil exports read 0.75 million tonnes and 0.74 million tonnes respectively in October, rising 15.44% and 45.15% month-on-month (MoM), and an increase of 12.05% and 55.64% from last year, GACC data showed. The increase was partly driven by the moderate export margins. Read Full Story

China's energy and petrochemical pricing logic is entering a structural regime shift

As China approaches the launch of its 15th Five-Year Plan, a profound shift is unfolding beneath the surface of its energy and petrochemical markets. The change is not merely cyclical. It signals the emergence of a new pricing architecture - one that may reshape global trade flows, competitiveness, and risk premiums across oil, gas and chemicals. For more than a decade, China's influence was primarily volume-driven as it was the world's largest importer, with enough marginal demand to sway global prices during periods of tightness. But the next phase of China's market role is different. The country is moving from price taker to rule shaper. Read Full Story

China Oct benzene imports gain 14.18% MoM

According to data from the General Administration of Customs of PRC (GACC), China's benzene imports reached 496,772.84 tonnes in October 2025, up 14.18% month-on-month, reversing the continuous downward trend from July to September. Benzene imports in October 2025 rose 14.18% month-on-month and 14.50% year-on-year. Cumulative imports from January to October hit around 4.61 million tonnes, up 37.18% from the same period last year. By origin, South Korea remained the top supplier, which contributed 246,861.13 tonnes in October, accounting for 49.69% of total imports. Read Full Story