Commodity Market Report
China retail fuels long-term outlook
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The wholesale segment for refined products is dominated by vertically integrated Chinese conglomerates: Sinopec, the China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC). In the retail sector, pump prices are still set by the State, effectively limiting retailers’ earnings. After several steps towards market deregulation, foreign companies can now operate in the retail market independently. However, their footprint is still relatively low. While Sinopec and PetroChina - a subsidiary of CNPC - control the vast majority of the retail sites, the combined market share of foreign IOCs remains below ten percent. By 2035, China aims to phase out conventional ICE cars, with half of the new car sales being zero-emission vehicles and the rest being HEVs.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Kenya retail fuels long-term outlook
Kenya imports all its refined oil product requirements following the closure of the Mombasa refinery in 2013
$4,750
Commodity Market Report
Argentina retail fuels long-term outlook
Argentina’s retail fuels market is heavily dominated by four vertically integrated players.
$4,750
Commodity Market Report
Morocco retail fuels long-term outlook
Morocco has been entirely dependent on fuel imports since 2015 when the country’s sole refinery, Samir Mohammedia, closed
$4,750
