China’s Diesel Exports Soared In January and February ...Middle East

OILPRICE - Economy
China’s Diesel Exports Soared In January and February
source : OILPRICE ( Middle East ) () 46
China exported 4.54 million tons of diesel in the first two months of the year, up 10 times from last year’s export rate, which stood at 420,000 tons, government data cited by Bloomberg showed. The increase was attributed to weaker domestic demand and export quotas that refiners had to use but strong demand from Europe must have also played a role in the surge of exports as the EU imposed an embargo on Russian fuels in early February and had to find alternative suppliers promptly. Right now, in addition to the embargo, Europe has been hit…

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