China's Fuel Export Restrictions Cut May Refined Oil Exports 23.6% to 3.37 Million Tons
China's refined oil product exports fell 23.6% from a year earlier in May to 3.37 million metric tons, customs data showed, as fuel export restrictions that took effect in mid-March curbed outbound shipments.
Separately, China will cut domestic gasoline and diesel prices effective from 24:00 on June 18 by 515 yuan and 495 yuan a metric ton, respectively, after the average international crude price over the previous 10 working days fell below the level used in the last adjustment.
From the sources (2 posts)
@staunovo#China: Since the domestic refined oil price adjustment on June 4, international crude oil prices have fluctuated at high levels and then fallen rapidly in recent days. The average price of the 10 working days prior to this price adjustment
@staunovo#China's refined oil product exports in May dropped by 23.6% from the same period last year, customs data showed on Thursday, curbed by fuel export restrictions that came into effect in mid-March. The refined oil exports, which include die