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China’s April clean oil product exports fall to 9-month low of 2.27 mil mt

May 19, 2023 Comments Off

China’s clean oil products exports in April saw the first year-on-year decline in 2023, falling 7.7% to a nine-month low of 2.27 million mt (605,000 b/d), data released by the General Administration of Customs showed late May 18. Weak export margins would continue to cap China’s clean oil product outflows in May despite oil companies gaining new export quotas. But…