China's Refiners Face a Major Jet Fuel Glut ...Middle East

The bad news for China’s refiners doesn’t seem to end—faced with weaker road transportation fuel demand, plants have churned more jet fuel to meet growing aviation demand. But the pivot to jet fuel has created an oversupply that the rising aviation fuel demand cannot absorb. As a result, Chinese oil refiners continue to see weak refining margins and look to export markets to alleviate the domestic oversupply. China’s state-controlled energy giants have started to admit that the so-called new energy vehicles – the ones…

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