China’s diesel, petrol exports surge in H1
Shanghai, China - China’s diesel and petrol exports surged in the first half of the year as a domestic supply glut and slowing demand growth prompted refiners to sell more fuel abroad.
Diesel shipments jumped almost 21 per cent in the first six months compared to the same period a year ago, averaging about 328,500 barrels a day, according to Bloomberg calculations based on data posted on Sunday on the website of the General Administration of Customs. Petrol exports rose 8.1 per cent, averaging nearly 222,000 barrels a day.
The nation’s petrol exports totalled 4.81mn tons in the first half of the year, with 770,000 tons shipped in June, Sunday’s data showed. Diesel shipments totalled 7.97mn tons between January and June, with exports at 1.31mn tons last month.