{"id":47698,"date":"2025-11-03T14:17:29","date_gmt":"2025-11-03T14:17:29","guid":{"rendered":"https:\/\/www.spragueenergy.com\/?p=47698"},"modified":"2025-11-03T14:21:07","modified_gmt":"2025-11-03T14:21:07","slug":"chinas-factory-activity-fell-for-a-seventh-consecutive-month","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/","title":{"rendered":"China&#8217;s Factory Activity Fell for a Seventh Consecutive Month"},"content":{"rendered":"<p><strong>Recap<\/strong>:&nbsp; The oil market on Friday traded higher, still remaining relatively sideways as it traded within Tuesday\u2019s trading range. The market was trading mostly sideways as it continued to erase some of Thursday\u2019s early gains amid the expectations of an OPEC+ output increase at its meeting on Sunday and weak economic data from China, with the country\u2019s factory activity falling for a seventh consecutive month in October. Also adding to the bearish sentiment was the expectation that Saudi Arabia may reduce its December crude prices for Asian buyers to multi-month lows. The crude market posted a low of $59.99. However, the market bounced off that level and rallied to a high of $61.38 amid a report by the Miami Herald stating that U.S. air strikes on Venezuela could begin within hours. The market later gave up some of its gains and settled in a sideways trading range after U.S. President Donald Trump denied the report. The December WTI contract settled up 41 cents at $60.98 and the December Brent contract settled up 7 cents at $65.07. The product markets ended the session in negative territory, with the heating oil market settling down 2.88 cents at $2.4312 and the RB market settling down 1.03 cents at 1.9931.<\/p>\n\n\n\n<p><strong>Technical Analysis<\/strong>:&nbsp; The crude market will be driven by the headlines over the weekend following the OPEC+ meeting on Sunday. The market will also remain vigilant for reports of possible U.S. airstrike on Venezuela despite President Trump denying the report on Friday, given that the president had previously denied reports of a planned attack on Iran before carrying out airstrikes against the country in June. The oil market is seen finding resistance at $61.38, $61.50, $62.17 and $62.59. Meanwhile, support is seen at $59.99, $59.64, $59.28, $58.49 followed by $57.34, $56.35 and $55.96.<\/p>\n\n\n\n<p><strong>Fundamental News<\/strong>:&nbsp;&nbsp; The EIA reported that U.S. crude oil output in august increased by 86,000 bpd to 13.794 million bpd. It reported that U.S. crude oil exports were unchanged at 3.52 million bpd in August and total refined oil product exports fell to 3.135 million bpd in August. U.S. total oil demand in August fell by 0.5% or 101,000 bpd on the year to 20.884 million bpd. The EIA reported that U.S. gasoline demand fell by 0.5% or 45,000 bpd to 9.212 million bpd in August, while U.S. distillate demand fell by 4.8% or 186,000 bpd to 3.703 million bpd.<\/p>\n\n\n\n<p>Baker Hughes said U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks. The oil and gas rig count fell by four to 546 in the week ending October 31<sup>st<\/sup>, the lowest level since September. It said oil rigs fell by six to 414 this week, their lowest level since September, while gas rigs increased by four to 125, their highest level since August 2023.<\/p>\n\n\n\n<p>Sources stated that OPEC+ will likely agree on Sunday to another small increase in oil output targets for December, as the group moderates its drive to regain market share amid predictions of a supply glut next year. Three sources stated that eight OPEC+ members, Saudi Arabia, Russia, the United Arab Emirates, Iraq, Kuwait, Oman, Kazakhstan and Algeria, are set to agree on Sunday to increase December output targets by another 137,000 bpd, the three sources said, all of whom declined to be named. A fourth source said a pause in output hikes was also possible.<\/p>\n\n\n\n<p>S&amp;P Global Commodity Insights has estimated that oil and natural gas drilling rig count fell by nine to a three week low of 582 rigs in the week ended October 22<sup>nd<\/sup>. Oil focused rigs declined by 4 to 460 rigs, while the number of gas focused rigs dropped by 5 to 122 rigs. Among the major gas focused plays, drillers cut Haynesville basin rig count by three, while two rigs were idled in the Marcellus shale basin.<\/p>\n\n\n\n<p>IIR Energy said U.S. oil refiners are expected to shut in about 981,000 bpd of capacity in the week ending October 31<sup>st<\/sup>, increasing available refining capacity by 111,000 bpd.<\/p>\n\n\n\n<p><strong>Early<\/strong><strong> Market Call &#8211; as of 9:00 AM EDT<\/strong><\/p>\n\n\n\n<p><strong>WTI &#8211; Dec $60.88, down 10 cents<\/strong><\/p>\n\n\n\n<p><strong>RBOB &#8211; Dec $1.9003, up 16 points<\/strong><\/p>\n\n\n\n<p><strong>HO &#8211; Dec $2.3898, down 97 points<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Recap:&nbsp; The oil market on Friday traded higher, still remaining relatively sideways as it traded within Tuesday\u2019s trading range. The market was trading mostly sideways as it continued to erase [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":47402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[21,23,20,1],"tags":[],"class_list":["post-47698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crude","category-gasoline","category-heating-oil","category-market-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>China&#039;s Factory Activity Fell for a Seventh Consecutive Month - Sprague Energy<\/title>\n<meta name=\"description\" content=\"Explore the oil market dynamics as prices fluctuate amid OPEC+ talks and economic data from China. Stay informed today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spragueenergy.com\/fr\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#039;s Factory Activity Fell for a Seventh Consecutive Month\" \/>\n<meta property=\"og:description\" content=\"Explore the oil market dynamics as prices fluctuate amid OPEC+ talks and economic data from China. Stay informed today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.spragueenergy.com\/fr\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/\" \/>\n<meta property=\"og:site_name\" content=\"Sprague Energy\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-03T14:17:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-03T14:21:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/3-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"250\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emily Beckett\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily Beckett\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/\"},\"author\":{\"name\":\"Emily Beckett\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"headline\":\"China&#8217;s Factory Activity Fell for a Seventh Consecutive Month\",\"datePublished\":\"2025-11-03T14:17:29+00:00\",\"dateModified\":\"2025-11-03T14:21:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/\"},\"wordCount\":683,\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/3-1.png\",\"articleSection\":[\"Crude\",\"Gasoline\",\"Heating Oil\",\"Market Insights\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/\",\"name\":\"China's Factory Activity Fell for a Seventh Consecutive Month - Sprague Energy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/3-1.png\",\"datePublished\":\"2025-11-03T14:17:29+00:00\",\"dateModified\":\"2025-11-03T14:21:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"description\":\"Explore the oil market dynamics as prices fluctuate amid OPEC+ talks and economic data from China. Stay informed today.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/3-1.png\",\"contentUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/3-1.png\",\"width\":250,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.spragueenergy.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China&#8217;s Factory Activity Fell for a Seventh Consecutive Month\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/\",\"name\":\"Sprague Energy\",\"description\":\"Our Energy Makes the Difference\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.spragueenergy.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\",\"name\":\"Emily Beckett\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"caption\":\"Emily Beckett\"},\"sameAs\":[\"https:\\\/\\\/www.spragueenergy.com\"],\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/fr\\\/author\\\/ebeckett\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"China's Factory Activity Fell for a Seventh Consecutive Month - Sprague Energy","description":"Explore the oil market dynamics as prices fluctuate amid OPEC+ talks and economic data from China. Stay informed today.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.spragueenergy.com\/fr\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/","og_locale":"fr_CA","og_type":"article","og_title":"China's Factory Activity Fell for a Seventh Consecutive Month","og_description":"Explore the oil market dynamics as prices fluctuate amid OPEC+ talks and economic data from China. Stay informed today.","og_url":"https:\/\/www.spragueenergy.com\/fr\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/","og_site_name":"Sprague Energy","article_published_time":"2025-11-03T14:17:29+00:00","article_modified_time":"2025-11-03T14:21:07+00:00","og_image":[{"width":250,"height":250,"url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/3-1.png","type":"image\/png"}],"author":"Emily Beckett","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Emily Beckett","Estimation du temps de lecture":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/#article","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/"},"author":{"name":"Emily Beckett","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"headline":"China&#8217;s Factory Activity Fell for a Seventh Consecutive Month","datePublished":"2025-11-03T14:17:29+00:00","dateModified":"2025-11-03T14:21:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/"},"wordCount":683,"image":{"@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/3-1.png","articleSection":["Crude","Gasoline","Heating Oil","Market Insights"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/","url":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/","name":"China's Factory Activity Fell for a Seventh Consecutive Month - Sprague Energy","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/#primaryimage"},"image":{"@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/3-1.png","datePublished":"2025-11-03T14:17:29+00:00","dateModified":"2025-11-03T14:21:07+00:00","author":{"@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"description":"Explore the oil market dynamics as prices fluctuate amid OPEC+ talks and economic data from China. Stay informed today.","breadcrumb":{"@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/#primaryimage","url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/3-1.png","contentUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2025\/09\/3-1.png","width":250,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.spragueenergy.com\/chinas-factory-activity-fell-for-a-seventh-consecutive-month\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.spragueenergy.com\/"},{"@type":"ListItem","position":2,"name":"China&#8217;s Factory Activity Fell for a Seventh Consecutive Month"}]},{"@type":"WebSite","@id":"https:\/\/www.spragueenergy.com\/#website","url":"https:\/\/www.spragueenergy.com\/","name":"Sprague Energy","description":"Our Energy Makes the Difference","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.spragueenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Person","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9","name":"Emily Beckett","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","caption":"Emily Beckett"},"sameAs":["https:\/\/www.spragueenergy.com"],"url":"https:\/\/www.spragueenergy.com\/fr\/author\/ebeckett\/"}]}},"terminal":null,"_links":{"self":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/47698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/comments?post=47698"}],"version-history":[{"count":0,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/47698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media\/47402"}],"wp:attachment":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media?parent=47698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/categories?post=47698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/tags?post=47698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}