China’s clean product exports to the Middle East & Subcontinent reach six-month high

Oil

China’s clean oil product exports to the Middle East & Subcontinent increased by 39K b/d m-o-m and 89K b/d y-o-y to 157K b/d in October, rising for the third consecutive month to the highest level since April, according to China customs data. Shipments were supported by loadings of gasoline to Pakistan, which rose by 57K b/d m-o-m to 125K b/d amid strengthening business and transportation activities, newswires report. Exports to Northeast Asia rose by 32K b/d m-o-m to a four-month high of 175K b/d, whereas shipments to Southeast Asia and Europe declined by 89K b/d m-o-m to 222K b/d and by 28K b/d m-o-m to 33K b/d respectively.