Asia's Oil Markets Are Tightening As China Cuts Output, Fuel Stocks Dwindle
by Reuters
|
Seng Li Peng and Mark Tay | Friday, October 21, 2016 | 12:24 AM EST
China's gasoline and diesel exports, which contributed heavily to Asia's refined product glut, jumped again in September, customs data showed on Friday, as its refiners continue to produce more fuel than China consumes.
And with the refinery maintenance season coming to an end soon, refined product supplies will soon start to pick up.
(Additional reporting by Jane Chung in SEOUL; Writing by Henning Gloystein; Editing by Richard Pullin)
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