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China’s Diesel Exports Fall By Almost Half M-o-M

Oil

China’s diesel exports in January declined by 196K b/d (or almost 50%) from December’s record volume to an 11-month low of 229K b/d, according to data from China’s General Administration of Customs. However, this was still up by 55K b/d y-o-y. Gasoline exports dipped by 98K b/d m-o-m to an 11-month low of 163K b/d, but were up marginally y-o-y.