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China's oil product exports surge and naphtha imports climb

Oil

China's oil product exports (excluding fuel oil) increased by 166K b/d m-o-m and 204K b/d y-o-y to average 595K b/d, data from the country's General Administration of Customs shows. This is the highest volume since December 2009. Growth was in part driven by higher diesel exports, which were up 77K b/d m-o-m and 48K b/d y-o-y to a multi-year high of 165K b/d. China's naphtha imports rose by 101K b/d m-o-m and 147K b/d y-o-y to a multi-year high of 192K b/d.