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DJN: China importing lowest amount of oil in 22 months

GasBuddy Blog -- The Dow Jones Newswires this morning have an interesting story about Chinese oil imports, a story that should be digested by the oil trading community. DJN is reporting "China's crude-oil imports fell to a 22-month low in August as its economy slowed and refiners, facing weaker demand and steeper losses, cut throughput targets."

Weaker Chinese demand is significant, because coupled with weaker U.S. demand as we head into cooler weather, there could be an increase of inventories. Not only is cooler weather going to reduce seasonal demand in the U.S., but the highest gasoline prices ever for this time of year certainly won't spawn a sudden uptick in drivers.

While oil demand may remain weak, it could boost margins at U.S...


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Submitted Sep 10, 2012 By: PD
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Author Topic: DJN: China importing lowest amount of oil in 22 months Back to Topics
REPLIES (newest first) Post a Reply
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WGW1
Champion Author British Columbia

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Message Posted: Sep 26, 2012 11:15:45 AM

the wondrous web that oil weaves.
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flagtown25
Champion Author New Jersey

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Message Posted: Sep 26, 2012 8:28:05 AM

Ok
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Sego
Champion Author Florida

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Message Posted: Sep 21, 2012 4:15:25 PM

ups and downs
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albert2008
Champion Author Winnipeg

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Message Posted: Sep 21, 2012 12:28:02 PM

good stuff
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pricewar
Champion Author Ogden

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Message Posted: Sep 20, 2012 11:32:26 PM

dream dream dream, we heard that song before. if its not china, who will it be next year?
hey, my friend Moderator, how much oil do we really buy from china? will that 2 year (short by two months)
really make a difference at the pump. give us some numbers. some real facts. not a teaser for hope... lets get real!
Now lets not get too gassy my friends.
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99dakota
Champion Author Providence

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Message Posted: Sep 19, 2012 5:38:48 AM

Maybe lower prices for us.
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margeret9021
Rookie Author Virginia Beach

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Message Posted: Sep 16, 2012 8:19:47 PM

yes
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albert2008
Champion Author Winnipeg

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Message Posted: Sep 15, 2012 10:38:45 AM

it is what it is
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Donatelo
Champion Author Dayton

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Message Posted: Sep 15, 2012 9:28:16 AM

ok
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Gas4Gore
Champion Author Detroit

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Message Posted: Sep 14, 2012 4:02:47 PM

Anyone curious about how long before the communist Chinese start having their depression.
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albert2008
Champion Author Winnipeg

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Message Posted: Sep 13, 2012 10:32:29 AM

the merry go round continues
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 12, 2012 6:53:20 AM

the usual PD stuff...
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sparky808
Champion Author Honolulu

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Message Posted: Sep 11, 2012 2:34:08 PM

Thank you for posting.
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 11, 2012 2:23:00 PM

slowing down economy? Or smarter use of energy?
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nevaeh04
Veteran Author Texas

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Message Posted: Sep 11, 2012 9:03:37 AM

ok pretty good
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OldMan322
Champion Author Illinois

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Message Posted: Sep 11, 2012 7:22:07 AM

This maybe a sign the chinese boom is over
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Cakes77
Champion Author Harrisburg

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Message Posted: Sep 11, 2012 7:04:36 AM

Things clearly are slowing down there.
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yardslave
Champion Author Oklahoma City

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Message Posted: Sep 11, 2012 6:30:42 AM

Sounds like all we have is fear in the Middle East to sustain our high prices.

And weather events
Refinery fires
Exchange rates,
Changing blend shortages
Traffic jams
Theft recovery
Sunspots

I guess we're okay.....
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Jeffro61
Champion Author Cleveland

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Message Posted: Sep 11, 2012 5:16:34 AM

Good
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tomok
Champion Author Portland

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Message Posted: Sep 11, 2012 5:12:22 AM

China importing lowest amount of oil in 22 months? Less demand on world oil suppliers, cheaper world crude oil prices, so cheaper prices at the pump???
The Chinese economy has been affected adversely and their growth has slowed along with everyone else? Welcome to the club!
Is 22 months the time for the world recession to reach China?
Like cheaper prices at the pump is going to happen with Big Oil and Chuck around! Big Oil will maintain their profit and there is nothing anybody can say or do anything about it.
'Coming out of the closet' Chuck's economy is not improving but continues to hurt the population and the job numbers continue to be down – no matter how smoooooth talking Chuck spins those numbers and he can spin them very well! People will still drive and buy fuel no matter what but it sure helps to have a job also!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, has a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
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fillerupyeoww
Champion Author Columbus

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Message Posted: Sep 11, 2012 5:08:28 AM

Then it should be cheaper, right? Never mind.
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germainesr
Champion Author Columbia

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Message Posted: Sep 11, 2012 5:05:09 AM

We should have a "buy no gas day"
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pepinoNC
Champion Author Raleigh

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Message Posted: Sep 11, 2012 5:04:54 AM

Oil companies will charge whatever they think they can get. Has nothing to do with supply and demand. Also higher prices helps their puppet Romney.
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NJColt
Champion Author New Jersey

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Message Posted: Sep 11, 2012 5:04:40 AM

Just drop the price in the U.S.!!!
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Chem60
Champion Author Tallahassee

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Message Posted: Sep 11, 2012 5:00:39 AM

Of course prices will go up; refineries will be closed for "maintenance" and oil companies' profits will soar.
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jadeusa
Champion Author Dallas

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Message Posted: Sep 11, 2012 4:56:21 AM

Oil prices are a bubble that will eventually will burst. Won't be sorry to see some of the speculators lose their shirts, pants, and whatever when it happens.
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DavidsChallenge
All-Star Author Louisville

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Message Posted: Sep 11, 2012 4:55:37 AM

Oil will go up!
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yonasb
Champion Author Houston

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Message Posted: Sep 11, 2012 4:55:21 AM

Ok
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Hop1LA
Champion Author Baton Rouge

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Message Posted: Sep 11, 2012 4:54:23 AM

Oil prices should be declining
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LeeFree
Champion Author Pittsburgh

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Message Posted: Sep 11, 2012 4:53:58 AM

I have to agree, don't look for oil prices to fall very much, if at all.
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Petrock
Champion Author Lexington

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Message Posted: Sep 11, 2012 4:52:23 AM

Prices don't appear to be influenced by this situation. They are still going up!
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pitamon
Champion Author Philadelphia

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Message Posted: Sep 11, 2012 4:51:25 AM

why is gas going up?
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jeff95519
Champion Author California

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Message Posted: Sep 11, 2012 4:51:22 AM

so then what
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Yankee829
Champion Author Dallas

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Message Posted: Sep 11, 2012 4:50:46 AM

Ok
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hawkman1950
Champion Author Michigan

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Message Posted: Sep 11, 2012 4:50:35 AM

And still prices go up????????????????
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Z06KY
Champion Author Louisville

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Message Posted: Sep 11, 2012 4:48:44 AM

ok
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SUPERSTEVIEO
Champion Author Quebec

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Message Posted: Sep 11, 2012 4:48:26 AM

the truth was stated... "it could increase margins..." who is holding the gun to our heads....
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kirzon484
Champion Author Atlanta

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Message Posted: Sep 11, 2012 4:47:45 AM

and there you have it
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lindact
Champion Author New Haven

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Message Posted: Sep 11, 2012 4:47:23 AM

Demand down and prices up ?!
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etothek
Champion Author Pennsylvania

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Message Posted: Sep 11, 2012 4:47:09 AM

ok
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epf
Champion Author Grand Rapids

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Message Posted: Sep 11, 2012 4:44:39 AM

Not good news from an economy standpoint.
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Foxt
Champion Author Minnesota

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Message Posted: Sep 11, 2012 4:39:51 AM

"While oil demand may remain weak, it could boost margins at U.S... "Never could mean a drop in prices, now could it?
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tc316
Champion Author Twin Cities

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Message Posted: Sep 11, 2012 4:39:14 AM

Ok
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NotTom
Champion Author New Hampshire

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Message Posted: Sep 11, 2012 4:38:22 AM

ok
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JoJoQc
Champion Author Montreal

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Message Posted: Sep 11, 2012 4:36:06 AM

Sounds good!
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rjd1608
Champion Author Toledo

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Message Posted: Sep 11, 2012 4:34:59 AM

ok, but why are prices still high?
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padlocks2
Champion Author Virginia

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Message Posted: Sep 11, 2012 4:33:33 AM

ok
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gassy4u
Champion Author Mobile

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Message Posted: Sep 11, 2012 4:33:16 AM

And gas goes up.
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4bobux
Champion Author Peoria

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Message Posted: Sep 11, 2012 4:32:19 AM

whatever...
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aburns20
Champion Author Virginia Beach

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Message Posted: Sep 11, 2012 4:29:40 AM

Would like to see more info over a wider time frame before I believe this.
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