Market Chatter: Sinopec to Hike Crude Output to Meet Lunar New Year Demand, Compensate for Run Cuts

Like
Comment
Favorite

Market Chatter: Sinopec to Hike Crude Output to Meet Lunar New Year Demand, Compensate for Run Cuts

MT Newswires Live01-29

China Petroleum & Chemical (SHA:600028, HKG:0386), or Sinopec, is planning to increase crude throughput in February to meet higher demand stemming from the Lunar New Year holiday and to make up for independent refiners' run cuts, Reuters reported Tuesday, citing trade sources.

The increase ranges between an additional 100,000 and 150,000 barrels per day from January, equating to up to 3% of Sinopec's average throughput of 5.1 million barrels per day in 2024, the report said.

Sinopec is expected to shut at least 700,000 barrels per day of capacity from mid-March to May due to a planned overhaul, Reuters wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

抱歉，当前请求异常(-1)

7x24

All

22:42
Nickel Industries Ltd - Hengjaya Mine Delivers 2.6 Million Wmt in March Quarter to Date
22:42
Nickel Industries - Expects March 2025 Qtr Ebitda From Ops to Be in a Range of US$85M-US$90M
22:42
Nickel Industries Ltd - Oracle Rkef Operations Halted for 3 Days Due to Flooding, NOW Resumed
22:41
Brazil's Petrobras Says It Identified Hydrocarbons in Exploratory Well Located at Bloc Norte De Brava - Filing
22:39
Exclusive: Quantum Computing Startup Psiquantum Raising at Least $750 Million at $6 Billion Valuation, Sources Say

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2507508537?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-01-29 12:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507508537","market":"us","top_or_hot":-1,"title":"Market Chatter: Sinopec to Hike Crude Output to Meet Lunar New Year Demand, Compensate for Run Cuts","media":"MT Newswires Live","content":"<html><body><p> China Petroleum &amp; Chemical (SHA:600028, HKG:0386), or Sinopec, is planning to increase crude throughput in February to meet higher demand stemming from the Lunar New Year holiday and to make up for independent refiners' run cuts, Reuters reported Tuesday, citing trade sources.</p><p>The increase ranges between an additional 100,000 and 150,000 barrels per day from January, equating to up to 3% of Sinopec's average throughput of 5.1 million barrels per day in 2024, the report said.</p><p>Sinopec is expected to shut at least 700,000 barrels per day of capacity from mid-March to May due to a planned overhaul, Reuters wrote.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Sinopec to Hike Crude Output to Meet Lunar New Year Demand, Compensate for Run Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Sinopec to Hike Crude Output to Meet Lunar New Year Demand, Compensate for Run Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-29 12:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> China Petroleum &amp; Chemical (SHA:600028, HKG:0386), or Sinopec, is planning to increase crude throughput in February to meet higher demand stemming from the Lunar New Year holiday and to make up for independent refiners' run cuts, Reuters reported Tuesday, citing trade sources.</p><p>The increase ranges between an additional 100,000 and 150,000 barrels per day from January, equating to up to 3% of Sinopec's average throughput of 5.1 million barrels per day in 2024, the report said.</p><p>Sinopec is expected to shut at least 700,000 barrels per day of capacity from mid-March to May due to a planned overhaul, Reuters wrote.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00386","symbol_name":"中国石油化工股份","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2507508537","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507508537","pubTimestamp":1738124446,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"China Petroleum & Chemical , or Sinopec, is planning to increase crude throughput in February to meet higher demand stemming from the Lunar New Year holiday and to make up for independent refiners' run cuts, Reuters reported Tuesday, citing trade sources.The increase ranges between an additional 100,000 and 150,000 barrels per day from January, equating to up to 3% of Sinopec's average throughput of 5.1 million barrels per day in 2024, the report said.Sinopec is expected to shut at least 700,000 barrels per day of capacity from mid-March to May due to a planned overhaul, Reuters wrote.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600028":"中国石化","00386":"中国石油化工股份","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK1521":"挪威政府全球养老基金持仓","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","BK0188":"融资融券","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU0173614495.USD":"富达中国焦点A","BK0196":"行业龙头","BK0183":"MSCI概念","BK0000":"一带一路","LU0823426480.USD":"法巴中国股票经典Dis","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU0140636845.USD":"施罗德大中华区股票A Acc","BK0015":"沪股通50","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","BK1562":"石化股","BK0010":"央企","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK1528":"石油股票概念","BK0025":"油气改革","BK0176":"可燃冰","LU1580142542.USD":"Blackrock Systematic China A-Share Opportunities A2 USD","BK0006":"大央企重组","LU0181495838.USD":"施罗德新兴亚洲A Acc","BK1226":"综合性石油与天然气企业","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","BK0028":"国家队","BK0012":"证金概念","BK0274":"油气开采","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC"},"translate_title":"市场传言：中石化将提高原油产量以满足农历新年需求，弥补减产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600028":0.9,"00386":0.9},"content_text":"China Petroleum & Chemical (SHA:600028, HKG:0386), or Sinopec, is planning to increase crude throughput in February to meet higher demand stemming from the Lunar New Year holiday and to make up for independent refiners' run cuts, Reuters reported Tuesday, citing trade sources.The increase ranges between an additional 100,000 and 150,000 barrels per day from January, equating to up to 3% of Sinopec's average throughput of 5.1 million barrels per day in 2024, the report said.Sinopec is expected to shut at least 700,000 barrels per day of capacity from mid-March to May due to a planned overhaul, Reuters wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}