# China's CNOOC makes rare diesel imports, trading sources say

> China's state-run CNOOC booked about 50,000 tonnes of diesel for early November delivery, a rare import purchase. Domestic refinery throughput cuts since June tightened supply, and wholesale diesel prices have risen nearly 60% since September.

- Date: 2021-10-22 · published 2021-10-22T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/44752-china-s-cnooc-makes-rare-diesel-imports-trading-sources-say
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

China turning to diesel imports signals tight Asian refined fuel supply and higher energy costs. This could support crude and diesel prices and add to freight and processing costs for feed.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-09-29 | [Distillate summary: China, India spook diesel markets](https://feedsoft.ai/events/34296-distillate-summary-china-india-spook-diesel-markets.md) | -12.8% | -8.4% |
| DIESEL | 2017-07-05 | [Asia's Booming Diesel Market Draws Rare European](https://feedsoft.ai/events/70129-asia-s-booming-diesel-market-draws-rare-european.md) | -1.2% | +9.9% |
| DIESEL | 2026-05-20 | [Spare a thought for the world's biggest diesel importers \| Reuters](https://feedsoft.ai/events/19456-spare-a-thought-for-the-world-s-biggest-diesel-importers-reuters.md) | -14.0% | -24.7% |
| DIESEL | 2017-04-19 | [IRPC '17: Senior engineer sees "dynamic market" for European diesel imports](https://feedsoft.ai/events/71700-irpc-17-senior-engineer-sees-dynamic-market-for-european-diesel-imports.md) | -4.7% | -6.5% |
| DIESEL | 2022-10-14 | [Traders divert Europe-bound diesel to U.S. in race to re-stock](https://feedsoft.ai/events/10981-traders-divert-europe-bound-diesel-to-u-s-in-race-to-re-stock.md) | -7.6% | -4.9% |
| BRENT | 2019-01-09 | [Oil rises more than 2 pct on U.S.-China trade talk hope](https://feedsoft.ai/events/11168-oil-rises-more-than-2-pct-on-u-s-china-trade-talk-hope.md) | +3.2% | +6.9% |
| BRENT | 2019-01-04 | [Oil prices rise on US-China trade talks and OPEC cuts](https://feedsoft.ai/events/10834-oil-prices-rise-on-us-china-trade-talks-and-opec-cuts.md) | +11.9% | +13.9% |
| BRENT | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +1.9% | +5.9% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/chinas-cnooc-makes-rare-diesel-imports-trading-sources-say-2021-10-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.