China Could Cut Fuel Exports in October as Inventories Plunge
GL Consulting said seven-year-low gasoline and diesel stocks could lead refiners to prioritize domestic supply over exports.
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4 Articles
China raises fuel prices but caps increase a second time
China’s Gasoline and Diesel Inventories Fall to More Than Decade Lows
China’s gasoline and diesel inventories have fallen to their lowest levels in more than a decade as fuel exports rise and domestic demand recovers. The ... The post China’s Gasoline and Diesel Inventories Fall to More Than Decade Lows first appeared on [your]NEWS.
China Could Cut Fuel Exports in October as Inventories Plunge
China could lower its fuel exports again in October, potentially tightening the global fuel market further, as domestic gasoline and diesel inventories have slumped to multi-year lows. China’s fuel exports recovered in August as refiners exported 6.01 million tons of petroleum products, up by 12.7% from a year earlier, after Beijing removed in mid-July restrictions on fuel exports that were in place at the peak of the Strait of Hormuz blockage. …
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