China set to slash fuel exports as power crisis spurs domestic use

china set to slash fuel exports as power crisis spurs domestic use

Sumary of China set to slash fuel exports as power crisis spurs domestic use:

  • Outflows of oil products such as diesel and petrol are expected to slip this month due to tighter balances nationwide, which have boosted retail prices and margins from local sales, according to local industry consultant JLC.
  • But China has been grappling with an energy crunch caused by a shortage of coal and surging natural gas prices.
  • That’s allowing refiners in the area to make 400 to 500 yuan per ton more in profits from domestic diesel sales compared with exports, according to Li Chunyan, an analyst at the industry consultant.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close