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China Fuel Exports to Dip by 1.2% m/m in December: OilChem

OIL PRODUCTS

China’s refiners are planning to reduce oil-product shipments by 1.2% from November to 6.72m tons in December, according to industry consultant OilChem.

  • Overseas shipments of diesel are expected to fall 2.5% to 2.76m tons
  • Gasoline exports are set to rise by 1% to 2.1m tons
  • Jet fuel flows are expected to fall 1.6% to 1.86m tons
  • Sinopec, CNOOC and ZPC planned to increase volumes while PetroChina and Sinochem planned to reduce flows.

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