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China issues first batch of 2023 oil product export quotas at 27 mil mt

January 4, 2023 Comments Off

The Chinese government has issued around 18.99 million mt (151 million barrels) of export quotas for clean oil products and 8 million mt (50.8 million barrels) for fuel oil in its first batch for 2023, several sources with knowledge of the matter told S&P Global Commodity Insights Jan. 3. With the new quotas, refiners are lifting their gasoil export volumes…