China's 2014 Economic Growth Probable To Reach 7.5 Percent

The NRDC released a report that finds Chinese bunker fuel emissions are a serious and often “overlooked” problem. “With ships allowed to burn fuel with much higher sulfur levels than permitted in on-road diesel, one container ship cruising along the coast of China emits as much diesel fuel pollution as 500,000 new Chinese trucks in a single day,” an accompanying summary of the report said. [New York Times]

Talk of an Opec price war may have been overblown, as Saudi Aramco increased the price of oil it sells to its Asian customers. “Saudi Arabia cut its official prices last month for the fourth consecutive month, fuelling speculation among some analysts that the kingdom had embarked on a price war in Asia to fight for market share. Other analysts said, however, that Riyadh was responding to customer demand.” [Financial Times]

US refiners are exporting more oil products than ever before, but large sophisticated plants opening in Saudi Arabia this year and the UAE next year could take some market share. “Saudi Aramco and Sinopec are ramping up production on the new Yanbu refinery with a capacity of 400,000 barrels per day, and production has reached full capacity at the new similarly sized Jubail refinery, a joint venture between Saudi Aramco and Total. A 417,000-barrel-per-day refinery expansion planned by the Abu Dhabi National Oil Company will start operations early next year, Moody’s said.” [Fuel Fix]