Date: 3 months ago   Category: Economy

China began to buy up cheap Canadian oil


China began to buy up cheap Canadian oil
The Canadian oil is in demand in China because gives a significant amount of bitumen which is used in construction.

the Chinese oil processing enterprises against the background of increase in prices for reference brands of oil began to buy up cheap Canadian oil actively. The Bloomberg agency on Thursday, October 11 reports about it. Heavy and viscous oil from Canada in the course of processing gives to

a significant amount of the bitumen best-selling in China where there is a large-scale construction of infrastructure facilities. First of all, replace with the Canadian oil raw materials, similar in characteristics, from Venezuela which this year sharply reduced production and export of oil.

Besides the Canadian oil, China also looks for alternatives to the Venezuelan deliveries in Brazil.

Unlike other regions of the world where prices of oil raise, led growth of production in Canada to falling of quotations on the local WCS brand to $26 for barrel. Brent oil on Thursday fell in price up to $81,5 for barrel, WTI - up to $72 for barrel.

according to the analyst of consulting company SCI99 Li Haynin, at the end of September and October construction projects in China become more active therefore it is necessary to expect further strengthening of demand for the Canadian oil.

In September China bought in Canada in total 1,58 million barrels of oil, data of the company Kpler monitoring the movement of freights demonstrate. In April the indicator was 1,5 times less - 1,05 million barrels.

URL:




Today

just now

For 2018 Russia made 190 provocations to destabilize the Ukrainian society. In particular, Russia tried to interfere with work of public authorities Such number of provocations from the Russian Fede...

just now

The lack of the market of the earth worsens welfare of 6.9 million Ukrainian owners of land shares, noted in the Ministry of Economic Development and Trade of Ukraine. The minister Stepan Kubiv sugges...

just now

Ex-Nikita, and nowadays - DJ of NANA Anastasius Kumeyko published so hot photo in social networks that admirers urgently needed burns medicines. the Girl of the producer Ruslan Kvinta has a rest the...

just now

The Aston Martin company offered owners of 150 road giperkar of Valkyrie a track package of completions AMR Track Performance Pack. Installation of a package will make extreme гиперкар on the ring rou...

just now

Many interesting secrets from Paddock began to be revealed by MotoGP after New year. So, the boss of Sepang Racing Team and Sepang International Circuit Razlan Razali admitted that he to the last hope...

just now

Poroshenko and Christine Lagarde held a meeting in Davos. the President Petro Poroshenko held a meeting with the Managing director of the International Monetary Fund Christine Lagarde in Davos. Is...

just now

Photo 33TV.COM.UA the Condition of water utilities it that if urgently not to develop the strategy of development of the water sewer industry, then inevitably there will be not just a crisis, and ac...

just now

Jorge Lorenzo and Mark Márquez for the first time contacted public in Honda Repsol overalls of a sample of 2019: new Dream Team Honda in MotoGP? We learn what thinks of all this Lorenzo! MOTORCYCLE...