China's Diesel Exports: A Boost for Asia's Tight Markets

Chinas Potential Diesel Export Boost: A Game Changer for Asian MarketsChina, with its vast oil refining capacity, is poised to potentially increase diesel exports in December, filling the gap left by Indias sanctions on Russian crude oil. This move could make December the strongest month since August, with a significant jump from Novembers forecast. The attractive refining margins for diesel and gasoline, near two-year highs, are driving Chinese refiners to boost exports. With enough export quotas remaining, China could fill the gap left by India, highlighting the dynamic nature of global energy markets.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.