6 min listen
China’s private refiners on tenterhooks as Beijing kicks off fresh round of inspection
FromOil Markets
China’s private refiners on tenterhooks as Beijing kicks off fresh round of inspection
FromOil Markets
ratings:
Length:
16 minutes
Released:
Aug 25, 2022
Format:
Podcast episode
Description
China has been stepping up efforts to tighten supervision and standardize operations of its refining sector. It launched a series of investigations on refineries beginning April 2021. The latest round of inspections this month will focus mainly on tax issues, as small-scale private refiners often fail to fulfill their tax obligations in an attempt to stay competitive. In this podcast, S&P Global Commodity Insights' experts Philip Vahn, Asia oil market managing editor and Oceana Zhou and Daisy Xu, senior analysts covering China market discuss Beijing's latest tax investigation and its impact on independent refineries' future operations. Subscribe to Platts Dimensions Pro for access to assessments and premium content covering Platts Gasoline Unl 92 FOB Spore Cargo (PGAEY00), Platts Gasoil FOB Spore Cargo (POABC00) and much more.
Released:
Aug 25, 2022
Format:
Podcast episode
Titles in the series (100)
North Sea crude dented by West African imports, less Asian demand: The North Sea crude oil market has weakened dramatically as Asian buying interest dries up ahead of refinery maintenance. Platts' Europe and Africa crude oil Team Leader Robert Beaman discusses these developments with North Sea editor Ned Molloy and West by Oil Markets