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. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 130.3K to 124.5K
Yesterday at 7:42 PM
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 562 to 563
18 June
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator remained at the same level of 433
18 June
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from -0.801M to -1.606M
17 June
United States. Crude Oil Inventories. The value of the indicator has decreased from -7.227M to -8.263M
17 June
Top news
European Union. Manufacturing PMI. The value of the indicator has decreased from 51.6 to 51.3
Today at 8:00 AM
United Kingdom. BoE Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
18 June
Switzerland. SNB Interest Rate Decision. The value of the indicator remained at the same level of 0%
18 June
United States. Fed Interest Rate Decision. The value of the indicator remained at the same level of 3.75%
17 June
United States. Retail Sales (MoM). The value of the indicator has increased from 0.4% to 0.9%
17 June
All news

Forecasts

AUDUSD sell
Period: 30.06.2026 Expectation: 1000 pips
Selling AUDUSD during corrective rebound to 0.69900
FA Other Technical analysis Chart analysis Indicators Fundamental analysis
Today at 10:29 AM 3
Lyra_Moonwell1
Brent sell
Period: 30.06.2026 Expectation: 650 pips
Go short on Brent crude as Strait of Hormuz reopens
Indicators and reports FA Other Hot news Chart analysis
Today at 09:26 AM 9
Sinclair_John
Tesla Inc buy
Period: 23.07.2026 Expectation: 3000 pips
Invest in Tesla stock with $435 in sight
Indicators and reports FA Other Hot news Chart analysis
Today at 09:13 AM 4
Reed_Marcus
BTCUSD sell
Period: 30.06.2026 Expectation: 4000 pips
Sell Bitcoin with $60,000 target as bullish momentum fades
Indicators and reports Technical analysis Hot news Indicators Fundamental analysis
Today at 06:29 AM 12
Emily_Foster
S&P 500 buy
Period: 30.06.2026 Expectation: 650 pips
Buying SPX with 7,550 in mind
TA Other FA Other
Yesterday at 11:49 AM 34
Bruce_Powers
EURUSD sell
Period: 31.07.2026 Expectation: 1300 pips
EURUSD sell-off targets 1.1325
TA Other FA Other
Yesterday at 11:49 AM 16
McCarthy_Raymond
Go to forecasts