Current SNP Stock Info

Larger quotas expected later in 2017
China will cut its export quotas to the country’s oil majors by 40% in the first round of licenses for 2017, reports Reuters, even as traders expect allowances for overseas sales to meet or exceed this year’s record levels.

The Ministry of Commerce and the General Administration of Customs said the four state majors will be allowed to sell 12.4 million tonnes (90.9 million barrels) of gasoline, gasoil and jet fuel abroad next year, down from 20.5 million tonnes in the same round this year. The sharp decl...


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