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China to Cut Diesel Exports on Tight Stocks, Energy Aspects Says
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China to Cut Diesel Exports on Tight Stocks , Energy Aspects Says China’s state-run refiners are expected to reduce diesel exports this month because of tight inventories, although they could relax those curbs should domestic demand soften, according to Energy Aspects. The consultant trimmed its forecast for diesel shipments this month by 400,000 tons to 580,000 tons, according to a note dated Nov. 5.
China to Cut Diesel Exports on Tight Stocks, Energy Aspects Says
China’s state-run refiners are expected to reduce diesel exports this month because of tight inventories, although they could relax those curbs should domestic demand soften, according to Energy Aspects.
The consultant trimmed its forecast for diesel shipments this month by 400,000 tons to 580,000 tons, according to a note dated Nov. 5. Still, Energy Aspects said “upward revisions remain possible” given refiners are seeking to sustain high exports, anticipating weaker local demand from mid-November.