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China July Gasoline and Diesel Exports Up on Additional Quotas

OIL

China’s gasoline and diesel exports increase to highest level in three months according to General Administration of Customs data earlier today.

  • Refiners were allocated additional export quotas to help reduce stockpiles which have built up during covid lockdown restrictions.
  • Gasoline exports rose 21% to 880k tons in July while diesel increased 9% to 360k tons.
  • Product exports are significantly below last year’s levels as China look to limits flows to cut pollution.
  • July Gasoline exports 880,000 Tons, +19% Y/y
  • July jet fuel exports 480,000 tons, -27.1% y/y
  • July diesel exports 360,000 tons, -74.2% y/y
  • July oil products imports 1.63m tons, -35.6% y/y
  • July naphtha imports 540,000 tons, -23.9% y/y
  • July jet fuel imports 130,000 tons, +111.2% y/y
Energy BulletsCommodities
Energy BulletsCommodities

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