China Sees Jump In Gasoline, Jet Fuel Exports

A 99-percent utilization rate of state quotas in China drove oil product exports up 20.1 percent last year, customs data quoted by S&P Global Platts has revealed. In volume terms, oil product exports amounted to 55.36 million tons, from total quotas of 55.994 million tons. The biggest increase was booked in gasoline exports. These went up 27 percent on 2018 to 16.37 million tons. The increase was particularly marked in the last month of 2019, when exports of gasoline rose by 35.8 percent on the year. Jet fuel exports also booked strong growth,…