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China’s Diesel Stocks Surge To 11-Month High

Oil

China’s diesel inventories in February increased by 18.05M bbls m-o-m to 78.85M bbls, the highest since March, Reuters reports, citing data for the changes in volume from state news agency Xinhua. However, compared to February 2016, stocks were down by 6.49M bbls. Gasoline inventories rose by 1.4M bbls m-o-m and 7.42M bbls y-o-y to a 2-month high of 64.23M bbls, despite record gasoline exports last month.