Chinese refiners are widely expected to ramp up crude throughput and exports in November to capture high diesel margins and external demand, with total fuel exports forecast to be the highest since the start of the pandemic in April 2020. China could export this month as much as 6 million tons of refined petroleum products, including diesel, gasoline, and jet fuel, according to consultants Wood Mackenzie, Refinitiv, and JLC cited by Reuters. In September, increased fuel export quotas and robust export demand pushed China’s overseas shipments…
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