China’s gasoline exports fall

Oil

China’s gasoline exports declined by 164K b/d (or 32%) m-o-m and 162K b/d y-o-y to 353K b/d in November, falling after previously climbing to the second highest level on record in October, according to China customs data. Exports of diesel also decreased by 45 b/d m-o-m and 72K b/d y-o-y, after increasing for the previous three months. Jet fuel exports edged up 10K b/d to 120K b/d however, rising to the highest level since June amidst gradually recovering demand for international and domestic travel, Reuters report. Despite this monthly increase, exports of jet fuel are down by 302K b/d (or 71%) y-o-y.