ANALYSIS: China’s new oil product export quotas fail to quench Asia’s burgeoning thirst

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China is poised to inject more fuel supplies into the Asian market as part of its supplementary quota for the first batch, but the new export volumes are too little to quench Asia’s growing thirst for transportation fuels, leaving middle distillate cracks at multiyear highs. Demand for transportation fuels has been picking up in Asia, outside of China, as higher…