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OIL PRODUCTS: China’s Jan Refined Oil Exports Down 17% on Month: OilChem

OIL PRODUCTS

China’s refined oil exports stood at 2.46m mt in January, down 17.45% on the same period in 2024, according to OilChem citing shipping fixtures.

  • The fall is attributed to poorer export margins, which even turned negative for gasoline, OilChem added.
  • This is also despite sufficient oil export quotas at the beginning of the year.
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China’s refined oil exports stood at 2.46m mt in January, down 17.45% on the same period in 2024, according to OilChem citing shipping fixtures.

  • The fall is attributed to poorer export margins, which even turned negative for gasoline, OilChem added.
  • This is also despite sufficient oil export quotas at the beginning of the year.