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China’s Gasoil Prices Seen Soft in Aug: OilChem

OIL PRODUCTS

China’s gasoil prices are expected to remain soft in August, according to OilChem.

  • However, traditional peak gasoil season is due to start around the end of the month, when demand should begin to rebound from its current lull.
  • Daily gasoil consumption is estimated at around 571k mt/d this month, OilChem said.
  • H2 Gasoil consumption will likely fall 5%, with demand displaced by LNG-powered trucks and weaker industrial output.

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