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Chinese diesel exports reach record high


China's diesel exports in March increased 248K b/d m-o-m to reach a record high of 676K b/d, according to China customs data. Gasoline exports also grew, by 112K b/d m-o-m, to 493K b/d. 

Despite sustained cuts to crude oil processing rates with total crude throughput down 709K b/d in March y-o-y, reduced domestic demand has forced refineries to increase sales overseas.