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China Gasoil Export Cut to Tighten Asian Market

OIL PRODUCTS

China’s expected cut to gasoil exports this month will tighten Asian supply. They are forecast to dip by 80% month-on-month in March according to consultant Oilchem.

  • The reduction in Chinese flows onto the market will leave Asian importers more reliant on Indian gasoil exports according to Energy Aspects.
  • China’s gasoil shipments in December were the highest since early 2021 after the nation issued a bumper fuel export quota which put plentiful flows onto the Asian market.
  • China’s gasoil shipments are forecast to tumble to 390,000 tons in March, vs a February plan of 1.973m tons according to OilChem.



source: China Customs General Administartion

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