China Crude Buying Jumps, and Fuel Exports Jump 29% – Jeff Curry is Spot On. It’s about the lack of refining capacity.
Chinese refiners are stepping back into the crude market while flooding product markets with extra gasoline and diesel, just as the rest of the world is running short of both barrels and refining capacity. August data show crude imports rising 6.2% from July to 8.93 million barrels per day, while refined product exports jumped 29% […]
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