China’s clean product exports build in September (1)

Oil

China’s clean oil product exports increased by 164K b/d m-o-m to 680K b/d in September, rising after previously falling to a thirteen-month low in August, according to China customs data. Shipments to Southeast Asia increased by 113K b/d m-o-m to 311K b/d after tumbling to the lowest level since May 2015 during the previous month. Loadings to the Middle East Gulf and Subcontinent also built by 65K b/d m-o-m to 118K b/d, whereas exports to Northeast Asia and Europe declined by 11K b/d m-o-m to 144K b/d and by 7K b/d m-o-m to 61K b/d respectively.