Insight
What China's floor of US$40/bbl crude oil means for upstream and downstream
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Report summary
With its US$40/bbl crude oil floor policy, the Chinese government seems to be taking protection measures for its economy against a sustained period of low crude oil prices. Overall, we believe this policy is positive for the Chinese upstream producers and private refiners
Table of contents
- Executive summary
- Background to the policy change
- Implications for refining and marketing
- Implications for the upstream industry
- Conclusions
Tables and charts
This report includes 1 images and tables including:
- Retail price build-up for gasoline in Guanzhou (China), RMB/tonne
What's included
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