China, Asia’s biggest oil refiner by capacity, is set to slash fuel exports as it keeps more supplies for domestic use amid a power crisis stemming from coal shortages.
Outflows of oil products such as diesel and gasoline are expected to slip this month due to tighter balances nationwide, which have boosted retail prices and margins from local sales, according to local industry consultant JLC. This trend should continue through the fourth quarter, it said, with aviation fuel being the only exception.
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October 14, 2021 at 04:00AM
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China Set to Cut Fuel Exports as Power Crisis Spurs Domestic Use - Bloomberg
"fuel" - Google News
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