A Glance of China Oil Market 20260831
Weekly News
China Jul refined oil exports rise nearly 80% MoM
China's refined oil exports recorded a monthly rebound of 79.36% in July compared with the previous month and stood at 2.40 million tonnes, yet down 35.54% year-on-year (YoY), according to data from the General Administration of Customs of the People Republic of China (GACC). The July exports consisted of 417,800 tonnes gasoline (+331.61% MoM, -55.27% YoY), 754,200 tonnes gasoil (+104.22% MoM, -7.88% YoY), and 1.22 million tonnes kerosene (+40.75% MoM, -37.68% YoY).
China's 15th Five-Year Energy Plan redefines the roles of renewables, oil, gas and coal
China's 15th Five-Year Plan for Building a New Energy System gives a clearer indication of how the country expects its energy mix to evolve through 2030. The central shift is not simply toward more renewable capacity. It is toward a different system architecture in which non-fossil energy takes a larger share of both installed capacity and electricity generation, while fossil fuels are assigned more differentiated roles in security, flexibility and industrial supply.
China CPC imports plunge 52.27% and exports rise 18.79% MoM in Jul
China's calcined petcoke (CPC) imports contracted sharply in July, while exports posted notable growth, reflecting diverging demand between domestic and overseas markets. The General Administration of Customs of the People's Republic of China (GACC) data showed imports tumbled 52.27% month-on-month to just 15,800 tonnes, while exports rose 18.79% to 152,200 tonnes.
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