Analysis: China’s gasoil exports to rebound as Beijing hands out new quotas

29 May 2017   China

China’s gasoil exports fell sharply in April from the previous month’s record high, as a cocktail of lower stocks and reduced output at home prompted refiners to keep more barrels for local use, but market participants expect outflows to rebound in May on the back of new quotas. China’s April gasoil exports fell 35.7% month on month to 1.23 million mt, easing from a record high of 1.91 million mt in March, according to General Administration of Customs data released Wednesday. “Exports have returned to a more normal level — a level we normally see when domestic output goes down,” said an analyst in Beijing. Article continues below… 33rd Annual Asia Pacific Petroleum Conference (APPEC 2017) September 25 to 27, 2017 | Raffles City Convention Centre, Singapore As the most prestigious event in the Asia Pacific oil and gas industry calendar, APPEC 2017 delivers three days of market-driven discussions […]

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