China’s state planner asks state-owned oil companies to report on their use of imported crude

  
  Analysis

The National Development and Reform Commission of the People’s Republic of China (NDRC)

  • companies to report on their use of imported crude oil over the past few years
  • NDRC focus on resales and tolling schemes
  • The urgent notice issued to Sinopec Group, China National Offshore Oil Corporation (CNOOC), Sinochem Group, ChemChina, and China North Industries Group
Info via Reuters, citing unnamed sources.
—
Hard to not see this as part of China’s current examination of commodity price surges.
Go to top