China’s clean oil product exports fall to nine-month low

Oil

China’s clean oil product exports declined by 231K b/d m-o-m and 54K b/d y-o-y to 600K b/d in April, falling for the fourth consecutive month to the lowest level since July, according to China customs data. Shipments to Europe decreased by 36K b/d m-o-m to a nine-month low of 40K b/d, while loadings to the MEG & Subcontinent region also fell by 91K b/d m-o-m to 53K b/d. Exports to northeast Asia rose by 12K b/d m-o-m to 156K b/d however.