Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
10 January 2023 | Other

China's generous quota for crude imports boosted oil demand

Brent
WTI Light Crude Oil

China has significantly increased quotas for crude imports for 2023. The country seems set for an increase in Chinese refineries output and in oil demand after it abandoned its zero-Covid strategy. 

Reuters and Bloomberg said that China issued a second round of crude import quotas for 2023 on Monday.  The total for this year is up 20% compared to the same period last year. The document from the Ministry of Commerce says that quotas allow 44 private refiners to import 111.82 million metric tons of crude. 

As reported by Reuters, China also released the batch of quotas ahead of schedule to boost China’s Covid-hit economy by encouraging refineries to increase output.

Company MarketCheese

Recommended

United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.308M to -0.742M
17 December
United States. Crude Oil Inventories. The value of the indicator has increased from -1.812M to -1.274M
17 December
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 69.2K to 55K
16 December
United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from -4.8M to -9.3M
16 December
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 74.9K to 69.2K
12 December
Top news
Japan. BoJ Interest Rate Decision. The value of the indicator has increased from 0.5% to 0.75%
Today at 3:26 AM
United States. CPI (YoY). The value of the indicator has decreased from 3% to 2.7%
Yesterday at 1:30 PM
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
Yesterday at 1:15 PM
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
Yesterday at 1:15 PM
United Kingdom. BoE Interest Rate Decision. The value of the indicator has decreased from 4% to 3.75%
Yesterday at 12:01 PM
All news

Forecasts

AUDCAD buy
Period: 02.01.2026 Expectation: 1000 pips
AUDCAD eyes another move from range floor to ceiling
FA Other Indicators Chart analysis
Today at 09:29 AM 3
Tom_Kern
EURUSD sell
Period: 31.12.2025 Expectation: 180 pips
EURUSD selloff targets 1.1700
FA Other Chart analysis
Today at 08:54 AM 2
McCarthy_Raymond
GBPUSD buy
Period: 26.12.2025 Expectation: 870 pips
GBPUSD ignores BoE comments and stays in consolidation
Indicators and reports FA Other Technical analysis Indicators Fundamental analysis
Today at 06:00 AM 9
Emily_Foster
BTCUSD sell
Period: 28.02.2026 Expectation: 20000 pips
Correction may push BTCUSD down to $66,000
FA Other Chart analysis
Today at 04:42 AM 8
McCarthy_Raymond
ETHUSD buy
Period: 25.12.2025 Expectation: 20000 pips
Investing in ETHUSD on confirmed bounce from key support
FA Other Technical analysis TA Other Indicators Fundamental analysis
Yesterday at 10:14 AM 50
Lyra_Moonwell1
Natural gas buy
Period: 26.12.2025 Expectation: 300 pips
Lower gas prices once again create profitable buying opportunity
FA Other Indicators Chart analysis
Yesterday at 08:49 AM 28
John_Bullard
Go to forecasts