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China’s Gasoline and Diesel Export Growth Slows To Lowest Since 2015

Oil

China’s gasoline and diesel exports in the 1H17 increased by 78K b/d y-o-y to 551K b/d, the slowest pace of growth since 1H15, China Customs data shows. The first 6 months of 2017 also mark the first time gasoline and diesel exports have fallen h-o-h since 1H15, with volumes down by 43K b/d compared to 2H16’s record high amid a halt on export quotas for independent refiners and higher domestic oil demand.