Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
China’s diesel exports increased significantly in September, returning to pre-restriction levels, supporting the global diesel shortage.
- Exports stood at 1.73mn t in September, up from an average of 460kt/m between August 2021 and August 2022, General Administration of Customs data shows.
- Exports averaged 1.72mn t between 2018 and 1H 2021, prior to restrictions.
- An acceleration of exports is providing some relief to the global diesel shortage, but it will unlikely be enough to stabilise and rebuild global inventories, amid Russian supply disruptions.
- Beijing had restricted exports of gasoline and diesel over the previous 13 months to control domestic refining capacity and to assist towards long-term climate targets.
- Diesel exports could reach 1.8m to 2.2m tonnes in November with the 15m t additional fuel export quota announced at the end of September.
Source: John Kemp / Reuters
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok