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China’s Diesel Stocks Fall To 3-Month Low

Oil

China’s commercial diesel stocks fell by 10.5M bbls m-o-m and 8.88M bbls y-o-y to a 3-month low of 62.59M bbls, state news agency Xinhua reports. Gasoline stocks edged down by 171K bbls m-o-m to 70.46M bbls, although this was still up by 597K bbls from April 2016. Crude inventories rose by 3.45M bbls from March’s almost 4-year low to 214.04M bbls, but were still down by 7.62M bbls y-o-y.