China’s clean oil product exports to Southeast Asia reach five-month high

Oil

China’s clean oil product exports to Southeast Asia increased by 95K b/d m-o-m to 306K b/d in February, rising for the second consecutive month to the highest level since September, according to China customs data. Despite reaching a five-month high loadings to Southeast Asia still remain down by 386K b/d y-o-y however. Shipments to Europe rose by 20K b/d m-o-m to 31K b/d, rising after previously falling to the lowest level since January 2017 during the previous month, while exports to Africa rose by 16K b/d m-o-m to an eleven-month high of 19K b/d.