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. U.S. Baker Hughes Total Rig Count. The value of the indicator has decreased from 554 to 544
26 November
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator has decreased from 419 to 407
26 November
United States. Crude Oil Inventories. The value of the indicator has increased from -3.426M to 2.774M
26 November
United States. Cushing Crude Oil Inventories. The value of the indicator has increased from -0.698M to -0.068M
26 November
United States. API Weekly Crude Oil Stock. The value of the indicator has decreased from 4.4M to -1.9M
25 November
Top news
United States. Retail Sales (MoM). The value of the indicator has decreased from 0.6% to 0.2%
25 November
European Union. Manufacturing PMI. The value of the indicator has decreased from 50 to 49.7
21 November
United States. Nonfarm Payrolls. The value of the indicator has increased from -4K to 119K
20 November
United States. Unemployment Rate. The value of the indicator has increased from 4.3% to 4.4%
20 November
United States. Trade Balance. The value of the indicator has increased from $-78.2B to $-59.6B
19 November
All news

Forecasts

BTCUSD buy
Period: 28.02.2026 Expectation: 35000 pips
Buying Bitcoin from $65,000 support
FA Other Chart analysis
Today at 07:01 AM 1
McCarthy_Raymond
Tesla Inc buy
Period: 30.06.2026 Expectation: 7500 pips
Buying Tesla shares following correction toward $350
Indicators and reports Chart analysis
Yesterday at 11:25 AM 21
Bruce_Powers
ETHUSD buy
Period: 04.12.2025 Expectation: 29000 pips
Invest in ETHUSD before making resistance check
FA Other Technical analysis TA Other Indicators Fundamental analysis
Yesterday at 10:56 AM 38
Lyra_Moonwell1
Natural gas sell
Period: 05.12.2025 Expectation: 300 pips
Natural gas sees technical correction on its way after 70% hike
FA Other Chart analysis Indicators
Yesterday at 09:40 AM 22
John_Bullard
NVIDIA Corporation buy
Period: 31.03.2026 Expectation: 4500 pips
Buying NVIDIA shares from $150.00
FA Other Chart analysis
Yesterday at 09:14 AM 22
McCarthy_Raymond
USDJPY sell
Period: 04.12.2025 Expectation: 190 pips
Selling USDJPY on high hopes for imminent BoJ rate hike
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
Yesterday at 08:56 AM 20
Emily_Foster
Go to forecasts